The healthcare industry refers to the broad sector that encompasses a wide range of services and products aimed at maintaining or improving health. This industry includes hospitals, medical devices, health insurance, pharmaceuticals, biotechnology, and other organizations and professionals involved in the delivery of care to individuals. The healthcare industry is essential for diagnosing, treating, and preventing illnesses, as well as providing rehabilitation and wellness services. It is a vital component of the economy and public health systems, influencing and responding to health trends, technological advancements, and regulatory changes. The primary goal of the healthcare industry is to promote health and well-being, ensuring access to necessary medical services for individuals and communities.
BioNTech is shifting focus from its COVID-19 vaccine success to mRNA-based cancer therapies, aiming for market approvals by 2026. The fourth quarter of 2024 saw BioNTech's earnings and revenue decline,…