July 13, 2020, 11:58 am EDT
Vaccines Are Coming
US Food And Drug Administration (FDA) gave Pfizer (PFE) +4% and BioNTech (BNTX) +12% a fast track approval status for their vaccines going through the process. It is a good news to fight another record high level of global affected numbers of COVID-19.
Although there are many unknown factors in terms of effectiveness, variety of patients and tria results, it is the main reason stock markets climb so high with optimistic bias on this virus battel.
BioNTech claims they will have more than 100 millions of vaccines available around December 2020 timeframe. This is also a significant number to achieve in such a short period of time. But, if it happens, one third of American will be able to get the vaccines to increase survival rates.
We will keep holding on to BNTX based on this information.