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Stock impact report

Pfizer slashes stake in COVID vaccine partner BioNTech [Yahoo! Finance Canada]

Biohaven Pharmaceutical Holding Company Ltd. Common Shares (BHVN) 
Last biohaven pharmaceutical holding company ltd. common shares earnings: 2/25 04:45 pm Check Earnings Report
US:NYSE Investor Relations: investors.biohavenpharma.com
The U.S. drugmaker cut its stake by 54.7%,? leaving the company with roughly 1.66 million sponsored American Depositary Shares of BioNTech, valued at about $163.5 million as of September 30, a regulatory filing showed. This marks a strategic shift after Pfizer and BioNTech began their partnership in 2018, collaborating ?on the development of mRNA-?based influenza vaccines. A spokesperson for BioNTech confirmed earlier on Thursday, when asked to comment on the stake sale, that its ?collaboration with Pfizer has not changed. Their relationship intensified in early 2020 as the COVID pandemic unfolded, when the two companies joined forces to create the world's first authorized mRNA vaccine for ?the respiratory disease. The vaccine, marketed as Comirnaty, generated annual sales ?of $37.8 billion at its peak in 2022. The tie-up resulted in Pfizer gaining access to an unprecedented influx of cash to indulge in a deal-making spree, including the $43 billion buyout of cancer drug spec Show less Read more
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