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Stock impact report

Thermo Fisher (TMO) Stock Trades Up, Here Is Why [Yahoo! Finance]

Vaxcyte, Inc. (PCVX) 
Company Research Source: Yahoo! Finance
the company secured a major manufacturing agreement with biotechnology firm Vaxcyte and announced a new AI-focused partnership. The agreement with Vaxcyte is valued at up to $1 billion and will provide commercial fill-finish manufacturing for its pneumococcal conjugate vaccines. This significant deal signals a strong pipeline of business for Thermo Fisher's manufacturing facilities. Adding to the positive sentiment, the company also revealed a strategic partnership with BenchSci, an AI pioneer, to develop AI-powered tools aimed at accelerating experimental design and improving R&D productivity for scientists. The shares closed the day at $531.11, up 9.6% from previous close. Is now the time to buy Thermo Fisher? Access our full analysis report here, it's free What Is The Market Telling Us Thermo Fisher's shares are not very volatile and have only had 8 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful, Show less Read more
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