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Pfizer Inc. PFE and BioNTech SE BNTX, a biotechnology spouse founded in Germany, have announced that they have concluded exploratory talks with the European Commission (EC), proposing to supply two hundred million doses of their candidate vaccine COVID-19 BNT162b2 founded by mRNA. to their EU member states. There is also the option to provide one hundred million additional doses of vaccine.
The 27 EU member states obtain the vaccine after prospective approval. Pfizer/BioNTech plans to begin delivering the vaccine until the end of the year, if approved. The two corporations will now participate in the contract negotiations with the EC.
In Europe, the vaccine will be produced at BioNTech’s production facilities in Germany, as well as at Pfizer’s production facilities in Belgium.
BNT162b2 is Pfizer’s leading coronavirus vaccine candidate, which is complicated to progress in July. In particular, Pfizer and BioNTech plan to register regulatory programs for BNT162b2 through October. In other words, if approved this year, Pfizer plans to manufacture up to one hundred million doses. until the end of this year and potentially more than 1. 3 billion doses by the end of 2021.
Pfizer shares have fallen by 7. 7% so far this year, with a 1% drop in the sector.
In a separate press release, Pfizer and BioNTech announced encouraging knowledge of a preclinical study on BNT162b2 opposed to SARS CoV-2, the virus guilty of COVID-19. Knowledge showed that immunization with the candidate in non-human primates (rhesus macaques) led to powerful antiviral effects opposed to COVID-19 infection.
In the preclinical program, immunization with BNT162b2 prevented a total lung infection in one hundred percent of rhesus macaques with SARS-CoV-2, a species of monkey, while no viral RNA was detected in the decreased airways of immune and induced animals.
This preclinical knowledge, combined with the prior clinical knowledge announced, underscores the promise and validity of Pfizer and BioNTech’s mRN-based vaccination program that opposes COVID-19 infection.
Pfizer / BioNTech is conducting complex studies on BNT162b2 in the United States and several other countries, which will have up to 30,000 participants. The occasion has recruited more than 25,000 participants to date.
We note that several drug brands are working tirelessly to expand a vaccine that fights against the deadly coronavirus disease, which has inflamed another 27. 9 million people internationally and killed more than 0. 9 million.
In addition to Pfizer/BioNTech, applicants for the MODERN MRNA and AstraZeneca AZN/Oxford University COVID-19 vaccine are also in complex development.
Earlier this week, AstraZeneca encountered an obstacle when the company temporarily suspended its complex studies on its co-candidate vaccine COVID-19 AZD1222, which will be presented in partnership with the University of Oxford after a patient in the UK suffered from an uns specified disease.
We note that AstraZeneca’s COVID-19 candidate vaccine is considered the highest complex in terms of progression and one of the first applicants to enter the market, if approved. Voluntary suspension would possibly delay study time and approval of the vaccine. This can also be a seasoning for Pfizer/BioNTech, as corporations can now position their COVID-19 vaccine candidate as a favorite in terms of approval, which can generate massive profits for the company.
Pfizer currently has a Zacks -3 (Keep) range. You can see the full list of existing Zacks 1 Rank moves here.
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