• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

3

Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem

1

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

3

Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
HealthCOVID-19 vaccines

Bayer strikes deal to aid CureVac in its COVID-19 vaccine rollout

By
David Meyer
David Meyer
Down Arrow Button Icon
By
David Meyer
David Meyer
Down Arrow Button Icon
January 7, 2021, 4:21 AM ET
Add Fortune on Google for similar content.

The German biopharma firm CureVac has announced a tie-up with the country’s biggest pharmaceutical beast, Bayer, for the development and supply of CureVac’s candidate COVID-19 vaccine.

The companies did not disclose the financial terms of the deal. Bayer’s stock jumped more than 2% on the news Thursday morning.

The collaboration and services agreement should aid the supply of “several hundred million” vaccine doses, the companies said. CureVac said in November that it intends to produce up to 300 million doses this year, and up to 600 million doses in 2022.

Subscribe to The Capsule, a weekly brief monitoring advances in health care and biopharma, delivered free to your inbox.

This is all a speculative plan at the moment, given that CureVac’s CVnCoV candidate vaccine—based on similar messenger RNA (mRNA) technology as coronavirus vaccines from Pfizer-BioNTech and Moderna—is still in its large-scale testing phase, the results of which will indicate how effective it is. Following that, regulatory approval would be needed before distribution could begin.

Bayer told Fortune on Thursday that the first results should be available this quarter, with distribution hopefully commencing in Q2.

Joining forces

“Building on the positive data we have seen so far with CVnCoV, we now also have another strong partner on our side to get the vaccine to the people who need it following the receipt of the requisite regulatory approvals,” CureVac CEO Franz-Werner Haas said in a Thursday statement.

“We are highly committed to making our capabilities and networks available to help end this pandemic,” said Stefan Oelrich, head of Bayer’s pharma division. He referred to CureVac as “a leader in mRNA technology.”

CureVac, a previously little-known outfit, grabbed headlines last March when it became the subject of a tug-of-war between President Donald Trump and the German government. Trump was reported to have offered $1 billion to ensure CureVac’s vaccine became exclusively available to the U.S. A political firestorm followed in Germany, and the European Commission swiftly responded with an $99 million line of credit for the company.

Although CureVac denied the report of Trump’s offer, CEO Daniel Menichella stepped down days later. CureVac went on to list on the Nasdaq in August.

Bayer is significantly larger than its new partner, with around 104,000 employees to CureVac’s 500-plus. With CureVac developing the product itself, Bayer will help with supply-chain issues, regulatory affairs, clinical operations, and other elements.

Under the terms of their deal, CureVac would have the right to apply for the vaccine’s marketing license within the EU and other European countries including the U.K., Switzerland, Iceland, Norway, and Liechtenstein. Bayer is retaining options to front the marketing license process in some countries outside Europe, though there is not yet agreement as to which countries might be included, the company told Fortune.

CureVac has already taken other partners on board as it prepares for production—Germany’s Wacker Chemie, to manufacture the active substance in the vaccine, and France’s Fareva to “fill and finish” the vials.

Boosting supply

The push comes as many European countries, including Germany, debate whether the vaccine rollout is going quickly enough.

There has been a fair amount of criticism for the European Commission, which has managed collective procurement on behalf of EU members, and it is certainly the case that the European approval process is moving more slowly than those in the U.S. and U.K. The European Medicines Agency (EMA) and the Commission only green-lit the second vaccine, Moderna’s, on Wednesday.

However, the problem is also largely down to production limits.

BioNTech and Pfizer, whose vaccine was the first to gain EU approval, are putting the finishing touches on a new German factory—in the Hessian university town of Marburg—that should be ready to go in February. German Health Minister Jens Spahn said Wednesday that the new facility would “massively” increase vaccine availability in Europe.

German Chancellor Angela Merkel also told Russian President Vladimir Putin this week that she is “open to the idea” of manufacturing Russia’s Sputnik V vaccine in European manufacturing facilities—though only if it gains EMA approval.

Sputnik V is not one of the vaccines for which the Commission has already signed (controversially secretive) procurement agreements. CureVac is on the list—the Commission has already secured up to 405 million doses of its potential vaccine.

The Commission is also trying to double its existing order for 300 million Pfizer-BioNTech doses. It has an order in for 160 million Moderna doses, and—pending regulatory approval—has also secured up to 400 million Oxford-AstraZeneca doses, up to 300 million Sanofi-GSK doses (though those won’t materialize until the end of 2021, if ever), up to 400 million Johnson & Johnson doses, and possibly up to 200 million Novavax doses.

About the Author
By David Meyer
LinkedIn icon
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Health

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in Health

The Top Fitness and Wellness Gifts (2026): For the Busy Gym-Goer in Your Life
HealthFitness
The Top Fitness and Wellness Gifts (2026): For the Busy Gym-Goer in Your Life
By Christina SnyderJuly 22, 2026
9 hours ago
An Ebola healthcare worker is assisted putting on protective equipment in a treatment center.
HealthEbola
Nearly 1,000 people dead from Ebola outbreak in Congo amid health worker strike
By The Associated Press, Prosper Heri Ngorora and Constant Same BagalwaJuly 22, 2026
12 hours ago
The American Heart Association has a new number for daily coffee—and a warning if you go over it
Successlifestyle
The American Heart Association has a new number for daily coffee—and a warning if you go over it
By Orianna Rosa RoyleJuly 22, 2026
22 hours ago
The Best Fiber Supplements of 2026: Tested and Reviewed
HealthDietary Supplements
The Best Fiber Supplements of 2026: Tested and Reviewed
By Christina SnyderJuly 21, 2026
1 day ago
A family crisis inspired Bill Ackman to spend $260 million to create a massive brain research institute in Manhattan
InnovationBill Ackman
A family crisis inspired Bill Ackman to spend $260 million to create a massive brain research institute in Manhattan
By Jeff John RobertsJuly 21, 2026
1 day ago
traffic
HealthAutos
Rich countries have cut road deaths by more than 30% in 30 years—but about 90% of fatal crashes now happen in poorer nations
By Mike Stobbe and The Associated PressJuly 21, 2026
2 days ago

Most Popular

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
Real Estate
The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
By Nick LichtenbergJuly 22, 2026
13 hours ago
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
Success
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
By Sasha RogelbergJuly 20, 2026
2 days ago
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
AI
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
By Eva RoytburgJuly 21, 2026
2 days ago
OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation
Cybersecurity
OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation
By Jeremy Kahn and Emily ForliniJuly 21, 2026
1 day ago
Despite a $156 million contract, Knicks star Jalen Brunson still calls his parents for financial advice any time he makes a big purchase
Success
Despite a $156 million contract, Knicks star Jalen Brunson still calls his parents for financial advice any time he makes a big purchase
By Emma BurleighJuly 21, 2026
2 days ago
Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
Economy
Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
By Sasha RogelbergJuly 22, 2026
10 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.