BioNTech SE Acquires InstaDeep Ltd.
January 10, 2023
BioNTech SE has agreed to acquire the remaining shares of InstaDeep Ltd. for approximately £362 million in cash and BioNTech shares, with up to ~£200 million of additional performance-based milestone payments. The acquisition brings roughly 240 AI, ML and software professionals into BioNTech to accelerate AI-driven drug discovery, embed InstaDeep’s DeepChain platform in BioNTech’s discovery pipeline, and expand BioNTech’s global AI capabilities.
- Buyers
- BioNTech SE
- Targets
- InstaDeep Ltd.
- Sellers
- InstaDeep shareholders
- Industry
- AI & Machine Learning
- Location
- England, United Kingdom
- Transaction Type
- Buyout
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