CureVac anticipates funding will last until 2028
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 24 2025
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Cash Position: As of September 30, 2025, cash and cash equivalents amounted to EUR 416.1 million, down from EUR 481.7 million at the end of 2024.
Use of Cash: The cash was primarily utilized for operating activities, focusing on research and development in oncology precision immunotherapies and mRNA technology.
Decrease in Cash Outflow: Cash outflow significantly decreased compared to the same period in 2024, attributed to the absence of extraordinary payments from the previous year and cost-saving measures from a strategic restructuring.
Future Outlook: The company reaffirms its expected cash runway extending into 2028.
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Analyst Views on CVAC
About CVAC
CureVac CureVac NV, formerly CureVac AG, is a Germany-based clinical-stage biopharmaceutical company. The Company develops transformative medicines based on messenger ribonucleic acid, or mRNA. The Company's mRNAs are designed to prevent infections and to treat diseases by mimicking human biology to synthesize the desired proteins. Its technology platform optimizes mRNA constructs that encode functional proteins which either induce a desired immune response or replace defective or missing proteins using the cell’s intrinsic translation machinery. The Company's product portfolio includes clinical and preclinical candidates across multiple disease indications in prophylactic vaccines, oncology, and molecular therapy. In prophylactic vaccines, the Company is advancing its second-generation mRNA backbone against Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2) and a range of infectious diseases, including seasonal influenza, in collaboration with GSK(Glaxo Smith Kline).
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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