BioNTech, Moderna Rise On Nod To Booster For Those With Weak Immunity

Tiger Newspress2021-08-13

BioNTech and Moderna stocks were up in early trading following the FDA authorizing Covid-19 booster shots for people with weak immunity.

BioNTech was up 3% and Moderna gained 3%, while Pfizer , which has jointly developed the two-dose mRNA vaccine with BioNTech, was up 2%.

Late on Thursday, the U.S. Food and Drug Administration authorized a booster doseof vaccines from Pfizer Inc(PFE.N)and Moderna Inc(MRNA.O)for people with compromised immune systems.

Pfizer, along with its German partner BioNTech , and Moderna have together locked up over $60 billion in sales of the shots just in 2021 and 2022. The agreements include supply of the initial two doses of their vaccines as well as billions of dollars in potential boosters for wealthy nations.

Going forward, analysts have forecast revenue of over $6.6 billion for the Pfizer/BioNTech shot and $7.6 billion for Moderna in 2023, mostly from booster sales. They eventually see the annual market settling at around $5 billion or higher, with additional drugmakers competing for those sales.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • ahoon
    2021-08-16
    ahoon
    ?
  • 飞天神鼠
    2021-08-16
    飞天神鼠
    [生氣] [生氣] 
  • Dave Fu
    2021-08-15
    Dave Fu
    Good 
  • robot1234
    2021-08-15
    robot1234
    Analysts have estimated an annual sales at around $5 billion or higher for the booster shot. Congrats to retail investors holding these 2 counters. 
  • KDaDa
    2021-08-15
    KDaDa
    Stay safe by getting vaccinated & wearing your masks. Reduce infections & fatalities to return todaily norm.
  • STKG
    2021-08-15
    STKG
    Looking forward 
Leave a comment
36