In the News
BioNTech acquires UK AI business InstaDeep
11th January 2023
Here is a fascinating example of external growth – what type of integration is occurring?
BioNTech is a biotech company founded in Germany in 2008. The company develops personalized cancer immunotherapies using messenger RNA (mRNA) technology. InstaDeep is a deep learning company that was founded in London, UK in 2015.
Backward vertical integration at work - but can students identify some of the potential benefits from this acquisition.
The FT says here that pharmaceutical companies are increasingly interested in how artificial intelligence can accelerate the laborious and costly process of discovering new drugs - joint ventures are the norm rather than a formal acquisition. So this deal is an exception and one worth adding to your Year 13 microeconomics notes on business growth!
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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