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MarketScreener Homepage  >  Equities  >  Shanghai Stock Exchange  >  Shanghai Fosun Pharmaceutical Group Co., Ltd.    600196   CNE000000X38

SHANGHAI FOSUN PHARMACEUTICAL GROUP CO.,

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Pfizer, BioNTech to co-develop potential coronavirus vaccine

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03/17/2020 | 01:08am EDT
A logo for Pfizer is displayed on a monitor on the floor at the NYSE in New York

U.S. drugmaker Pfizer Inc has signed a deal with Germany's BioNTech SE to co-develop a potential vaccine for the coronavirus using BioNTech's mRNA-based drug development platform, the companies said on Tuesday.

The drugmakers will start the collaboration immediately and have signed a letter of intent for the vaccine's distribution outside China, they said in a joint statement.

The companies said they will finalise financial terms, and details regarding development, manufacturing and potential commercialization of the vaccine over the next few weeks.

Reuters reported on Sunday that the German government was trying to stop the U.S. administration from persuading CureVac, another German drugmaker working on an experimental vaccine for the coronavirus, to move its research to the United States.

Pfizer and BioNTech will use research and development sites from both companies, including in the United States and Germany, the companies said.

BioNTech on Monday struck a collaboration deal with Shanghai Fosun Pharmaceutical over its rights in China to its experimental coronavirus vaccine, aiming to start testing on humans from late April.

The race is on to develop an immunisation, which is seen as by far the most effective tool to halt the global spread of the pathogen.

Rival Moderna Inc, which is working with the U.S. National Institutes of Health, on Monday announced that it dosed the first patient with its experimental coronavirus vaccine in an early-stage trial.

Pfizer already collaborates with BioNTech to develop mRNA-based vaccines for influenza.

The coronavirus outbreak has so far infected nearly 179,000 people globally and killed more than 7,000. Several countries have imposed bans on mass gatherings such as sporting, cultural and religious events to combat the disease.

(Reporting by Shubham Kalia in Bengaluru and Michael; Erman in New York; Editing by Aditya Soni)

Stocks mentioned in the article
ChangeLast1st jan.
MODERNA, INC. -3.63% 62.61 Delayed Quote.220.09%
SHANGHAI FOSUN PHARMACEUTICAL GROUP CO., LTD. -1.28% 35.54 End-of-day quote.33.61%
THE GLOBAL LTD. -3.30% 205 End-of-day quote.-56.48%
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Financials
Sales 2020 32 408 M 4 628 M 4 628 M
Net income 2020 3 526 M 504 M 504 M
Net Debt 2020 13 549 M 1 935 M 1 935 M
P/E ratio 2020 25,6x
Yield 2020 1,15%
Capitalization 85 253 M 12 178 M 12 175 M
EV / Sales 2019
EV / Sales 2020 3,05x
Nbr of Employees 31 370
Free-Float 62,3%
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Technical analysis trends SHANGHAI FOSUN PHARMACEUTI
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Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 31,82 CNY
Last Close Price 35,54 CNY
Spread / Highest target 18,2%
Spread / Average Target -10,5%
Spread / Lowest Target -39,6%
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Managers
NameTitle
Yi Fang Wu President, CEO & Executive Director
Qi Yu Chen Co-Chairman
Fang Yao Co-Chairman
Qian Ren Chairman-Supervisory Board
Xiao Hui Guan CFO, Chief Accountant Officer & Senior VP