Pfizer and BioNTech shares rise after FDA grants 2 coronavirus vaccines 'fast track' status (PFE, BNTX) | Markets Insider

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Pfizer and BioNTech shares rise after FDA grants 2 coronavirus vaccines 'fast track' status

The candidates that received Fast Track status, BNT162b1 and BNT162b2, are the most advanced of four potential vaccines being developed by the German biotech company and the US pharmaceutical giant.showed positive early results in a human trial in the US. Early data from the German trial of BNT162b1 are expected to be released in July, the company said.

Pfizer and BioNTech expect to start another large trial with up to 30,000 participants later this month, subject to regulatory approval. If the ongoing studies are successful, and the vaccine candidate receives regulatory approval, the companies said they expect to manufacture up to 100 million doses by the end of the year and potentially more than 1.2 billion doses by the end of 2021.

 

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