<div class="m"><picture><source media="(max-width: 767px)" srcset="https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2023/03/343/192/Germany-BioTech.jpg?ve=1&amp;tl=1, https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2023/03/686/384/Germany-BioTech.jpg?ve=1&amp;tl=1 2x"><source media="(min-width: 767px) and (max-width: 1023px)" srcset="https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2023/03/672/378/Germany-BioTech.jpg?ve=1&amp;tl=1, https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2023/03/1344/756/Germany-BioTech.jpg?ve=1&amp;tl=1 2x"><source media="(min-width: 1024px) and (max-width: 1279px)" srcset="https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2023/03/931/523/Germany-BioTech.jpg?ve=1&amp;tl=1, https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2023/03/1862/1046/Germany-BioTech.jpg?ve=1&amp;tl=1 2x"><source media="(min-width: 1280px)" srcset="https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2023/03/720/405/Germany-BioTech.jpg?ve=1&amp;tl=1, https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2023/03/1440/810/Germany-BioTech.jpg?ve=1&amp;tl=1 2x"> <img src="https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2023/03/640/320/Germany-BioTech.jpg?ve=1&amp;tl=1" alt="The logo of BioNTech is seen in Marburg, Germany, on Feb. 2, 2023." width="100%" height="auto"></picture></div> <div class="info"><div class="caption"><p><span>The logo of BioNTech is seen in Marburg, Germany, on Feb. 2, 2023.</span> <span>(REUTERS/Fabian Bimmer)</span></p></div></div>

Under the memorandum of understanding, BioNTech will <a href="https://www.foxnews.com/video/6319651789112" target="_blank">develop the drugs</a> and vaccines using mRNA technology in the Har Hotzvim technology park. It will also set up a research centre at the Weizmann Institute in central Israel.

BioNTech is set to develop and produce cancer drugs and vaccines in Jerusalem, according to Israel's Finance Ministry. The company will develop the drugs using mRNA technology.

BioNTech to develop, produce cancer drugs in Jerusalem, says Israel's Finance Ministry

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