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Jan. 5, 2022, 6:57 a.m. EST

Pfizer, BioNTech to collaborate in developing mRNA-based shingles vaccine

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By Tomi Kilgore

Shares of Pfizer Inc. /zigman2/quotes/202877789/composite PFE +0.22% rose 1.6% in premarket trading Wednesday and BioNTech SE /zigman2/quotes/214419716/composite BNTX -0.43% gained 0.9%, after the drug makers said they will collaborate in developing a potential first mRNA-based shingles vaccine. The companies said they will leverage the antigen technology identified by Pfizer and BioNTech's mRNA platform technology, which were used to develop their COVID-19 vaccine. Clinical trials of the potential shingles vaccine are expected to start in the second half of 2022. Under terms of the collaboration agreement, Pfizer will make upfront payments of $225 million to BioNTech, including a $75 million cash payment and $150 million equity investment, while BioNTech will pay Pfizer $25 million for its antigen technology. BioNTech will be eligible to receive regulatory and sales milestone payments of up to $200 million. Pfizer's stock has rallied 46.6% over the past 12 months and BioNTech shares have soared 158.2%, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.37% has advanced 28.6%.

/zigman2/quotes/202877789/composite
US : U.S.: NYSE
$ 38.97
+0.08 +0.22%
Volume: 5.56M
June 8, 2023 12:04p
P/E Ratio
7.68
Dividend Yield
4.21%
Market Cap
$219.55 billion
Rev. per Employee
$1.12M
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/zigman2/quotes/214419716/composite
US : U.S.: Nasdaq
$ 108.94
-0.47 -0.43%
Volume: 204,192
June 8, 2023 12:04p
P/E Ratio
4.27
Dividend Yield
0.00%
Market Cap
$26.37 billion
Rev. per Employee
$2.79M
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/zigman2/quotes/210599714/realtime
US : S&P US
4,283.44
+15.92 +0.37%
Volume: 0.00
June 8, 2023 12:04p
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