Full Press Release Details
CureVac Expected to Receive up
to 252 million Euros from the German Federal Ministry of Research for Further COVID-19 Vaccine Development and Production Capacity
/ BOSTON, USA - September 4, 2020 - CureVac N.V. (Nasdaq: CVAC), a biopharmaceutical
company developing a new class of transformative medicines based on messenger ribonucleic acid (mRNA) in clinical trials, has
received notification from the German Federal Ministry of Education and Research (BMBF) that CureVac is expected receive up
to 252 million euros to support the development of its COVID-19 vaccine candidate. In July 2020, CureVac had applied to a grant
as part of a special program to accelerate the research and development of urgently needed vaccines against SARS-CoV-2. On July
29, the Federal Minister of Education and Research, Anja Karliczek, announced that CureVac and other companies were eligible for
funding according to the recommendation of a panel of experts.
In addition to the further
development of CureVac's vaccine-candidate against COVID-19, the grant is expected to be used for the rapid expansion of
the vaccine production. Payments are contingent on reaching predefined milestones. CureVac expects funding of up to 103 million
euros in 2020 and up to 149 million euros in 2021.
Franz-Werner Haas, Chief
Executive Officer of CureVac, said: "CureVac highly appreciates this significant and important financial support, which is
expected to enable us to accelerate the development of our CVnCoV vaccine candidate as well as to increase our manufacturing capacity
and, hence, to fight the COVID-19 pandemic. Given the significant costs related to the development of a safe and effective vaccine
as well as to the extension of the manufacturing capacity, we believe that this grant can substantially support our efforts to
produce and develop a safe and effective vaccine in high volume as quickly as possible."
CureVac is a global clinical-stage biopharmaceutical company in the field of messenger RNA (mRNA) technology with expertise in
developing and optimizing this versatile molecule for medical purposes. The principle of CureVac's proprietary technology is the
use of mRNA as a data carrier to instruct the human body to produce its own proteins capable of fighting a wide range of diseases.
The company applies its technologies for the development of prophylactic vaccines, cancer therapies, antibody therapies and the
treatment of rare diseases. CureVac is headquartered in T bingen, Germany with sites in Frankfurt and Boston, USA.
CureVac Media Contact
Thorsten Sch ller, Corporate
CureVac, T bingen, Germany
T: +49 7071 9883-1577
CureVac Investor Relation
Dr. Sarah Fakih, Vice President
CureVac, T bingen, Germany
T: +49 7071 9883-1298
M: +49 160 90 496949
Forward-Looking Statements
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beliefs, plans, objectives, assumptions or projections of CureVac (the "company") regarding future events or future
results, in contrast with statements that reflect historical facts. Examples include discussion of the company's strategies,
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However, these forward-looking statements are not a guarantee of the company's performance, and you should not place undue
reliance on such statements. Forward-looking statements are subject to many risks, uncertainties and other variable circumstances,
including negative worldwide economic conditions and ongoing instability and volatility in the worldwide financial markets, ability
to obtain funding, ability to conduct current and future preclinical studies and clinical trials, the timing, expense and uncertainty
of regulatory approval, reliance on third parties and collaboration partners, ability to commercialize products, ability to manufacture
any products, possible changes in current and proposed legislation, regulations and governmental policies, pressures from increasing
competition and consolidation in the company's industry, the effects of the COVID-19 pandemic on the company's business
and results of operations, ability to manage growth, reliance on key personnel, reliance on intellectual property protection,
ability to provide for patient safety, and fluctuations of operating results due to the effect of exchange rates or other factors.
Such risks and uncertainties may cause the statements to be inaccurate and readers are cautioned not to place undue reliance on
such statements. Many of these risks are outside of the company's control and could cause its actual results to differ materially
from those it thought would occur. The forward-looking statements included in this press release are made only as of the date
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announce the results of any revisions to any such statements to reflect future events or developments, except as required by law.
For further information, please reference the company's
reports and documents filed with the U.S. Securities and Exchange Commission (SEC). You may get these documents by visiting
EDGAR on the SEC website at www.sec.gov.