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 ADR120.00 USD1.11
Pfizer Inc40.34 USD0.62

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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