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Stock impact report

Pfizer discloses $185 million upfront payment to BioNTech for COVID-19 vaccine program [MarketWatch]

Pfizer, Inc. (PFE) 
Last pfizer, inc. earnings: 4/28 06:45 am Check Earnings Report
Company Research Source: MarketWatch
Shares of Pfizer Inc. were up 0.6% in premarket trading on Thursday after the drugmaker disclosed it is paying BioNTech $185 million for their COVID-19 vaccine development collaboration, with additional possible future milestone payments up to $563 million. BioNTech's stock gained 8.6% before the market opened. The program, which was first announced by the companies in March, aims to put a vaccine candidate into clinical trials in August. Separately, Pfizer had also told multiple media outlets that it is testing an unnamed investigational therapy as a treatment for people sickened by the novel coronavirus. Year-to-date, Pfizer's stock is down 11.7%, while BioNTech's stock has jumped 32.7%. The S&P 500 has fallen 14.9%. Show less Read more
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