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Germany Boosts Investment in Covid-19 Vaccine Research

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The German government said Tuesday it would pour €750 million in grants into three local companies developing coronavirus vaccines, bringing Berlin’s total bet on such research to more than €1 billion, as nations race to develop an inoculant that would halt the spread of the pandemic.

Half of the funds—€375 million—will go to BioNTech SE, which has teamed up with the U.S. pharmaceutical giant Pfizer Inc. to develop a Covid-19 vaccine that is now in the final stage of testing and could be submitted for regulatory approval between…

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