Wall Street shifts bets to big pharma as COVID-19 vaccine race progresses

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Wall Street is moving some bets on COVID-19 vaccines to large pharmaceutical companies with robust manufacturing capabilities, signaling that a love affair with small biotech firms might be ending after the sector’s best quarter in almost 20 years.

Some of the selling was likely driven by end-of-quarter profit-taking, locking in dizzying gains in an otherwise turbulent market. Moderna and Inovio shares have risen nearly 200 percent and 540 percent in the year-to-date, respectively, greatly eclipsing gains for large pharmaceutical companies.

“I would certainly say success by Pfizer, AstraZeneca, or Johnson & Johnson could make it more challenging for smaller companies, given size and scale and manufacturing capability,” said Vamil Divan, a biotechnology analyst at Mizuho. Because of their limited manufacturing capabilities, investors in those stocks are effectively betting that the company or its drug will be bought by larger companies, he said.

There are more than 17 vaccine candidates being tested on humans in a frantic global race to end a pandemic that has infected 10 million people and killed more than half a million. Drugmakers have released early stage human trial data for five vaccine candidates so far.

 

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Support should be given to small biopharmas with real potential therapeutics!

Las empresas farmacéuticas son como las compañías petroleras/ marítimas/ mineras /agrícolas/ solo piensan en💰💰💰💰la desgracia es su Negocio que un80%cde empresas son de Judíos Iluminati Multimillarios......

It's late. India has already developed the vaccine.

So do we want the 1976 one that caused Guillane Barre, or the one that killed with narcolepsy or the one that crippled children, come on lunatic lazy western based media, do tell us.

Vultures

very scary title right there....I'll remember it.

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