German biotech BioNTech SE BNTX is engaged in creating novel therapies for most cancers and differe
German biotech BioNTech SE BNTX is engaged in creating novel therapies for most cancers and different severe ailments. The corporate has been actively engaged in creating a possible vaccine for stopping COVID-19 an infection. It’s conducting the vaccine program in collaboration with Fosun Pharma in China and globally with Pfizer in areas exterior China.
BioNTech together with Pfizer is evaluating their mRNA-based COVID-19 vaccine candidate, BNT162b2 in a part III examine which is being carried out in america, Brazil, Argentina and Europe. Each the businesses started the rolling submission of BNT162b2 to the European Medicines Company (EMA) for dashing up the assessment course of.
Notably, BioNTech and Pfizer anticipate to file the regulatory functions for BNT162b2 in america shortly.
This aside, BioNTech’s pipeline boasts a number of potential candidates that are in early- to mid-stage research for addressing varied oncological indications.
The corporate’s shock report has been combined as far as its backside line beat estimates in two of the trailing 4 quarters and lagged the identical on the opposite two events, the typical miss being 15.08%. Within the final reported quarter, BioNTech delivered a unfavorable earnings shock of 44.83%.
At present, BioNTech has a Zacks Rank #4 (Promote). We’ve got highlighted among the key stats from this just-revealed announcement beneath:
Earnings: BioNTech reported a lack of $1.04 per share (€0.88 cents per share) within the third quarter of 2020, which was wider than the Zacks Consensus Estimate of a lack of 46 cents.
Revenues: BioNTech generated whole revenues of $79.7 million (€67.5 million) through the third quarter beating the Zacks Consensus Estimate of $38 million.
Key Stats: BioNTech total revenues within the third quarter got here below the collaboration settlement with Pfizer and Fosun Pharma associated to the event of the COVID-19 vaccine candidate.
Share Value Influence: Shares have been up 4.7% in pre-market buying and selling.
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BioNTech SE Sponsored ADR (BNTX): Free Inventory Evaluation Report
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