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Stock impact report

Pfizer and BioNTech advancing COVID-19 vaccine, trials imminent [Seeking Alpha]

BioNTech SE - American Depositary Shares (BNTX) 
Company Research Source: Seeking Alpha
Healthcare|On the MovePfizer and BioNTech advancing COVID-19 vaccine, trials imminentApr. 9, 2020 8:34 AM ETPfizer Inc. (PFE)Douglas W. HousePfizer (NYSE:BNTXannounceThey can potentially supply "millions" of doses by year-end and "hundreds of millions" by the end of 2021.BioNTech will contribute multiple mRNA vaccine candidates while Pfizer will contribute its global vaccine R&D, regulatory, manufacturing and distribution capabilities.Under the terms of the partnership, Pfizer will pay BioNTech $185M upfront, including a $113M equity investment, and up to $563M in milestones. Development costs will be equally shared (Pfizer will pay all cost initially, then BioNTech will repay its half during commercialization).PFE and BNTX are up1%5%See all stocks on the move »Now read:Feds award $489M ventilator contract to GM » Show less Read more
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