“…The purpose of financial statements is to provide relevant and faithful information to the users of financial information. The investment and financing decision made on the basis of this information can be detrimental not only to individuals, but to economies as a whole (Markova and Hristov, 2021). The pandemic has made biopharmaceutical companies of huge interest to investors (Biospace, 2021) and, in addition to that, government grants have also been directed to biopharmaceutical companies with the purpose of speeding up the process of developing the vaccine (Reuters, 2021).…”