The Vaccine From Pfizer and BioNTech Receives Status “Accelerated” From The Regulatory Authorities

News

The Vaccine From Pfizer and BioNTech Receives Status “Accelerated” From The Regulatory Authorities

15.07.2020 News

Pfizer and BioNTech shares rose sharply on Monday by 4% and 10%, respectively. This happened after the US Food and Drug Administration (FDA) assigned an “accelerated” status to their two COVID-19 potential vaccines.

Although the companies have not yet completed the final tests and have not received approval for the production and sale of their vaccine, the status gives them a chance to accelerate the transition to these stages. It also gives a chance that their vaccine will receive a FDA “priority review” status, which means that management can decide on approval within six months.

In early July, they said that phase 2 of clinical trials of a vaccine BNT162b1 showed that all 24 volunteers who received two injections had a “strong immune response” to the virus. It was even stronger than that patients who underwent COVID-19 had.

While data on these trials is due to be released this month, today Pfizer and BioNTech intend to move on to testing the most promising of the potential vaccines with up to 30,000 participants in the United States and Europe.

“The FDA’s decision to grant these two COVID-19 vaccines an ‘accelerated status’ is an important milestone in efforts to develop a safe and effective SARS-CoV-2 vaccine,” said Peter Honig, Pfizer’s Senior Vice President of global regulation. “We look forward to continuing to work closely with the FDA throughout the clinical development of this Project Lightspeed program to evaluate the safety and efficiency of these vaccines.”

According to Pfizer, if regulators eventually approve the drug, Pfizer and BioNTech will deliver up to 100 million doses by the end of the year and at least another 1.2 billion by the end of 2021.

Moderna which is developing a potential vaccine using technology similar to Pfizer and BioNTech received the same “accelerated” status in May for its COVID-19 vaccine candidate.

Moderna shares jumped 14.65% on Monday because of the news that they will be added to the Nasdaq-100 index before the market opens on July 20.

Analysts estimate the potential annual revenue from global COVID-19 vaccine sales at $5 to $10 billion.

Other articles

Read also

The Vaccine From Pfizer and BioNTech Receives Status “Accelerated” From The Regulatory Authorities
News

Following Twitter and Facebook, Google has suspended data requests from the Hong Kong authorities

The American corporation Google, following other American companies Twitter and Facebook, suspended data requests from the Hong Kong authorities after the new Chinese law entered into force on this autonomous territory. “Last Wednesday when the law went into effect, we suspended any new data requests from the Hong Kong authorities. We will continue to study […]

Next
The Vaccine From Pfizer and BioNTech Receives Status “Accelerated” From The Regulatory Authorities
News

Foxconn invests to the opening of a factory in China about $ 4, 65 billion

Foxconn, which manufactures electronic equipment, announced that it intends to invest $ 4,65 billion in the construction of a new factory in Guyame, China, the purpose of which is to create  new modern LCD screens. Legally, the new venture will own the Century Technology Fund and Guyam city in China. Percentagewise  the fund  receive 76% […]

Next
The Vaccine From Pfizer and BioNTech Receives Status “Accelerated” From The Regulatory Authorities
News

Rackspace shares are rising due to investment of the expectations from Amazon

On Monday, shares of Amazon.com.Inc., Apollo Global Management and Rackspace Technology, which recently was listed on NASDAQ, rose respectively by 1.1%, 2.45% and 10.3%. Positive news was reported by Reuters, about Amazon’s potential investment in Rackspace, which is both a partner and a competitor of the technology giant. Rackspace is an expert on multi-cloud solutions, […]

Next
The Vaccine From Pfizer and BioNTech Receives Status “Accelerated” From The Regulatory Authorities
News

Arcelor Mittal has avoided a fine of 72 million UAH

The Supreme Commercial Court of Ukraine overturned the decision on the recovery of a fine in the amount of 72.7 million UAH to PJSC Arcelor Mittal Kryvyi Rih. This information was reported by the representatives of the Ukrainian industrial complex on December 20th. According to a statement, prosecutors claim was rejected, and the previous decision […]

Next
The Vaccine From Pfizer and BioNTech Receives Status “Accelerated” From The Regulatory Authorities
News

Ukrainian startup Replyapp raised $ 400 thousand of investments

Digital Future and WannaBiz invest in the Ukrainian startup Replyapp $ 400 000. This is stated in the Digital Future report. The founder of the project relied on a smaller sum. But investors felt that they need to invest in the growth of the project amid rising competition in America. The first investor invests $ […]

Next
The Vaccine From Pfizer and BioNTech Receives Status “Accelerated” From The Regulatory Authorities
News

Royal Dutch Shell has sold a part of its business in Malaysia

Dutch-British oil and gas holding company Royal Dutch Shell has transferred a majority stake (51%) of its Malaysian business to local manufacturer – the company Malaysia Hengyuan International Ltd. It is reported by news portal Inventure with reference to the foreign media. According to official information, the transaction value gets at 66.3 million dollars. As […]

Next
The Vaccine From Pfizer and BioNTech Receives Status “Accelerated” From The Regulatory Authorities
News

China is interested in the construction of grain processing plant in Ukraine

The direction of the Chinese “Anhui Foreign Economic Construction Corporation” expressed interest in the construction of the grain processing plant in the territory of Ukraine, the products of which will be exported to China. This was said by the vice-president of the “Anhui Foreign Economic Construction Corporation” Zhang Zhonghua at a briefing in the framework […]

Next
The Vaccine From Pfizer and BioNTech Receives Status “Accelerated” From The Regulatory Authorities
News

Svarog West Group directs $ 3.5 million for innovative projects

“Svarog West Group” will direct $ 3.5 million for innovative projects in 2016. That was said by the chairman of the Corporation Andrey Gordiychuk in an interview to the AgroPolit.com. According to him, the investment “appetite” of the company significantly decreased in 2016. “But this does not apply to investments in research and development: ours are IT-solutions, […]

Next
The Vaccine From Pfizer and BioNTech Receives Status “Accelerated” From The Regulatory Authorities
News

The Alphabet will invest $ 380 million to Bebor Technologies startup

The parent company of the Google – Alphabet announced that the company will invest to Bebor Technologies $ 380 million, –  reports The Wall Street Journal. According to the deal, the Alphabet company will receive shares in the Bebor Technologies for $ 148 million. Dine Green, one of the head of Alphabet company expressed positive […]

Next
The Vaccine From Pfizer and BioNTech Receives Status “Accelerated” From The Regulatory Authorities
News

IPO Snowflake may become one of the most popular in 2020

IPO Snowflake, which will take place on the NYSE, will be held at the higher price than announced in early September. On Monday, according to SEC applications, Snowflake, a company that makes storage software, raised its projected stock price to $ 100- $ 110, while the market valuation of the company could grow to $ […]

Next
The Vaccine From Pfizer and BioNTech Receives Status “Accelerated” From The Regulatory Authorities
News

How has the legislation of Ukraine changed during the year?

For the year 2016, much has changed in Ukraine’s legal system as well. By the representatives of the Ukrainian government was done an extensive work in the field of reform of the current legislation. December, 30 is the perfect time to take stock of this work. We decided to focus on the innovations that are […]

Next
The Vaccine From Pfizer and BioNTech Receives Status “Accelerated” From The Regulatory Authorities
News

Facebook has extended the remote mode of work of employees until June 2021

US Employees of Facebook were allowed to work in a remote location by June next year. Most Facebook personnel were switched to remote mode in late March, and in April, CEO Mark Zuckerberg said that it is the last among of those to resume working in the office at the end of a pandemic of […]

Next
The Vaccine From Pfizer and BioNTech Receives Status “Accelerated” From The Regulatory Authorities
News

Richard Branson will invest in the Ukrainian startups

The well-known British businessman Richard Branson said at the World Economic Forum, during a private event “Ukrainian lunch” in Davos, that he is ready to invest  in the Ukrainian startups, told Andrei Kolodyuk, the  partner of AVentures Capital, who visited the event. He also said that he talked to Branson and discussed the issue about […]

Next
The Vaccine From Pfizer and BioNTech Receives Status “Accelerated” From The Regulatory Authorities
News

The Netherlands plans to increase the export to Ukraine

According to the Business Europe magazine, Dutch companies have expanded the export by 4% to 1.2 billion euros. To compare with 2015, this year foreign companies have exported more products to Ukraine. Particularly, the export concerns the agricultural business. The Dutch party has concluded the contract with the Ukrainian party in the beginning of this […]

Next
The Vaccine From Pfizer and BioNTech Receives Status “Accelerated” From The Regulatory Authorities
News

Alibaba Group offers for the purchase of Chinese Intime Retail $ 2,6 billion

The international business publication The Financial Times published the news that the public company Alibaba Group of China, experienced e-commerce giant, plans to become the owner of an investment holding company Intime Retail, bought its controlling stake at a price of more than two and a half billion dollars. Intime Retail owns 29 shops and […]

Next
The Vaccine From Pfizer and BioNTech Receives Status “Accelerated” From The Regulatory Authorities
News

Hotel Complex Premier Hotel Rus will own 24.95% of shares of Premier Palace Hotel

The three-star hotel metropolitan complex Rus intends to buy a stake of five-star hotel Premier Palace. The nominal value of ordinary registered shares of Premier Palace is 0.25 UAH / pc, and the equity capital of the company – 366 700 000 UAH. The hotel complex Rus, which is located in the center of Kyiv […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com