Qatar Investment Authority takes stake in vaccine-maker CureVac - Reuters:
German biotech company CureVac said Qatar Investment Authority (QIA) has taken an undisclosed stake in the firm as part of a $126 million financing round, the latest high-profile investor to come onboard ahead of a potential stock market listing.
Tuesday’s announcement is the fourth injection of funding in two months and comes just a day after British pharmaceutical company GSK bought a 10% stake in return for a $171 million investment.
The German government also made a $343 million investment in June in return for a 23% holding in the firm, taking the total investment from a private financing round to $640 million, CureVac said.
The Tuebingen-based company, which is backed by Microsoft billionaire Bill Gates, also secured a 75 million euro ($85.79 million) loan from the European Investment Bank earlier this month.
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