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Stock impact report

BioNTech SE (BNTX) Closes the Acquisition of CureVac N.V. [Yahoo! Finance]

CureVac N.V. - Ordinary Shares (CVAC) 
Company Research Source: Yahoo! Finance
of its acquisition of CureVac N.V. (NASDAQ:CVAC), which is another mRNA-focused biotech firm from Mainz, Germany. Management noted that the deal had closed after the expiration of the subsequent offering period in exchange for CureVac's shares. As a result, the company now holds a majority stake in CureVac. This enables the company to integrate CureVac's pipeline for oncology and infectious diseases. In another update, on December 11, H.C. Wainwright reiterated a Buy rating on BioNTech SE (NASDAQ:BNTX) with a $140 price target. The bullish sentiment is based on the interim data from a Phase 2 trial testing Pumitamig (BNT327/BMS-986545), which is a bispecific antibody that targets both PD-L1 and VEGF-A. The treatment is being tested for patients with triple-negative breast cancer (TNBC). The results showed strong anti-tumor activity and tolerable safety. Management noted that the results support advancing to a Phase 3 trial called ROSETTA-BREAST-01. H.C. Wainwright noted that t Show less Read more
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