BioNTech CEO Sierk Pötting believes that the company is on track with the development of the SARS-CoV-2 vaccine candidate BNT162. The safety profile looks good, said Pötting at the Finance Day 2020 of GoingPublic and Platform Life Sciences.
So far, there have been no reportable security incidents. However, the ongoing clinical study is not yet at an end, according to the CFO & COO of the Mainz-based biotech company, which is now listed on the stock exchange in the double-digit billions. BioNTech‘s shares are listed on the primary stock exchange NASDAQ, among others, but can also be traded on German stock markets.
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When will the first data about the COVID-19 vaccine be presented
Pötting expects to be able to present the first data from the ongoing study on the efficacy of BNT162 at the end of October or beginning of November. In previous studies, the vaccine has already provided promising immunity data and, together with Moderna’s vaccine candidate, is considered to be the most promising and advanced vaccine project against the pathogen of the corona pandemic, the SARS-CoV-2 virus.
BioNTech and marketing partner Pfizer are currently building up production capacities for BNT162. Pfizer CEO Albert Bourla announced on Friday that the vaccine could be submitted for approval in the USA in the third week of November.
The prerequisite is that both the clinical trial and the production facilities meet the requirements for an application for approval. “First, the vaccine must be proven to be effective, i.e. it can help prevent COVID-19 disease in at least the majority of vaccinated patients. Second, and equally important, the vaccine must have been proven safe, with robust safety data from thousands of patients. And finally, we must prove that the vaccine can be consistently produced to the highest quality standards,” the Pfizer CEO said in the open letter on Friday – we reported.
BioNTech stock: The fronts are hardening
BioNTech’s shares rose 0.46 percent to $94.35 on a closing price basis on the NASDAQ yesterday, October 20th. However, that sounds more boring than the charts ultimately showed for the biotech stock. Share prices for the bearer of hope in the fight against the Corona pandemic ranged between $91.61 and $96.12. That means that the share price of the Mainz-based company was able to successfully defend itself against new sell signals on the charts, which could exert pressure after the recent rally.
At the same time, however, there was no breakthrough upwards towards an all-time high of $105. The technical fronts are thus hardening, and the signal marks for the BioNTech share have not changed. The central resistance level on the charts is currently $96.09/$97.82. Although this came into view last week, “real” tests were only carried out on Monday with a daily high at $97.29 and yesterday, October 20th. Both tests had no success.
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This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in 4investors, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
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