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Stock impact report

BioNTech (BNTX) Skyrockets on Coronavirus Vaccine Hopes; One Analyst Remains Cautious [Yahoo! Finance News]

BioNTech SE - American Depositary Shares (BNTX) 
Hopes for the swift development of a vaccine for the coronavirus got a boost on Monday. BioN BNTX The company has struck a strategic clinical development and commercialization deal with biotech Fosun Pharma. The China-based firm will retain the vaccine’s commercialization rights in China, while BioN will keep the rights for the rest of the world. The company will receive a $50 million investment from Fosun, in return for a holding of 1,580,777 shares in BioNtech implying a price of $31.6 per share). On top of the welcome development, BioN also disclosed that it is currently in advanced talks with Pfizer concerning further development of the Vaccine outside China. Deal terms were not disclosed. In reaction, BioN shares skyrocketed as much as 90% in today’s trading session. The surge adds up to a massive return of over 400% since BioNtech’s market debut in October. Despite the positive developments, H.C. Wainwright’s Robert Burns Burns maintains a Hold rating on BNTX shares, with a pri Show less Read more
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