Biontech, a spinout of Johannes Gutenberg University Mainz, has received $91.5m in funding as part of the extension of a deal to develop a cancer immunotherapy candidate with Sanofi.

Pharmaceutical firm Sanofi has made an €80m ($91.5m) equity investment in Germany-based immuno-oncology therapy developer Biontech in connection with the extension of a research and development collaboration agreement. Spun out of Johannes Gutenberg University Mainz in 2008, Biontech is developing immunotherapies to treat cancer and infectious diseases. It formed a research partnership with Sanofi in…

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