Research and Development (R&D) refers to the systematic activities undertaken by organizations and individuals to innovate and enhance existing products, processes, or services, or to create new ones. The research component involves the exploration of new knowledge, theories, or concepts to understand fundamental issues and solve problems, often through scientific inquiry and experimentation. Development focuses on applying the findings from research to create practical applications, prototypes, or products, which are then refined and tested for feasibility and market viability.
R&D plays a crucial role in driving innovation, improving efficiency, and gaining a competitive advantage in various industries, including technology, pharmaceuticals, manufacturing, and more. It typically involves investment in skilled personnel, laboratories, and resources to facilitate the process of investigation and application. The ultimate goal of R&D is to translate scientific discoveries and insights into tangible outcomes that meet market needs, enhance quality of life, and contribute to economic growth.
Mainz is central to BioNTech's transition from focusing on COVID-19 vaccines to pioneering oncology treatments using mRNA technology. BioNTech's Q4 earnings per share fell to €1.08 from €1.90, and revenue…