Pharmaceuticals are substances used to diagnose, treat, or prevent diseases and medical conditions in humans and animals. They encompass a wide range of medications that can be classified into various categories, including prescription drugs, over-the-counter medications, vaccines, and biologics, among others. Pharmaceuticals can be derived from natural sources or synthesized in laboratories and are designed to interact with biological systems to produce beneficial effects. The development and approval of pharmaceuticals involve rigorous testing for efficacy, safety, and quality, typically governed by regulatory bodies such as the Food and Drug Administration (FDA) in the United States or the European Medicines Agency (EMA) in Europe. The field of pharmaceuticals plays a critical role in healthcare, improving patient outcomes and quality of life through the prevention and management of diseases.
BioNTech is shifting focus from COVID-19 vaccines to mRNA-based cancer treatments amid financial challenges. Quarterly EPS dropped to €1.08 from €1.90, outperforming analysts' predictions of €0.407 per share. Revenue fell…