Pfizer Leads Vaccine Race

We believe the vaccine is set up for emergency use in late 2020, followed by full approval in 2021 pending supportive final data

Damien Conover, CFA 9 November, 2020 | 11:44AM
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Pfizer
and partner BioNTech reported favourable phase 3 data on COVID-19 vaccine BNT162b2, with an efficacy rate of over 90% and no major safety issues observed at an interim analysis. We are increasing the vaccine’s probability of approval to 90% from 60% in our model, supporting sales projections of EUR 13 billion in 2021.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
BioNTech SE ADR168.95 USD4.42Rating
Pfizer Inc38.64 USD-2.25Rating

About Author

Damien Conover, CFA

Damien Conover, CFA  Damien Conover, CFA, is director of healthcare equity research and equity strategy for Morningstar.

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