Report
Olga Smolentseva

BIONTECH - BUY | USD62.5 vs. USD50 Positive COVID-19 update provides read-through for infectious disease franchise

BIONTECH - BUY | USD62.5 vs. USD45
Positive COVID-19 update provides read-through for infectious disease franchise

Positive clinical update on the first COVID-19 vaccine candidate
Immunogenicity data suggest potential protection against COVID
Manageable safety profile largely in-line with expectation and no signs of ADE
BNT162b1 is likely to be one of the leaders among four candidates
Phase IIb/III could begin in July with potential readout in 4Q20
FV increased following strengthened confidence in infectious disease franchise
Underlying
Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Olga Smolentseva

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