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MarketScreener Homepage  >  Equities  >  Nyse  >  Pfizer Inc.    PFE

PFIZER INC.

(PFE)
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Pfizer Could Apply for Emergency Use of Covid-19 Vaccine by Late November

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10/16/2020 | 06:24am EDT

By Bojan Pancevski

Pfizer Inc. said it could be ready to apply for emergency-use authorization of its Covid-19 vaccine by late November, assuming it receives positive efficacy and safety data from late-stage human trials now under way.

The drug giant, which is developing its vaccine candidate with German partner BioNTech SE, said it continues to expect to have data on the vaccine's effectiveness -- whether it protects at least a majority of vaccinated people from the disease -- later this month. It then expects to have data on the drug's safety by the third week of November.

Assuming positive results with both sets of data, Pfizer said it then plans to file for emergency-use authorization for the vaccine in the U.S. from the Food and Drug Administration soon after receiving the safety data. It didn't disclose timing for similar applications anywhere else in the world.

A third set of data -- to ensure the drug can be manufactured on a large scale at the right quality and consistency -- will be ready for submission before Pfizer expects to receive the safety data.

Pfizer said it laid out the timeline in an effort to clear up any confusion about the complex process. "To ensure public trust and clear up a great deal of confusion, I believe it is essential for the public to understand our estimated timelines," Pfizer Chief Executive Albert Bourla said in an open letter released early Friday.

Write to Bojan Pancevski at bojan.pancevski@wsj.com

(END) Dow Jones Newswires

10-16-20 0623ET


Stocks mentioned in the article
ChangeLast1st jan.
BIONTECH SE 0.72% 94.585 Delayed Quote.177.21%
PFIZER INC. -0.54% 37.595 Delayed Quote.-3.14%
PFIZER LIMITED 0.10% 4997.55 End-of-day quote.18.31%
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Financials (USD)
Sales 2020 49 137 M - -
Net income 2020 13 097 M - -
Net Debt 2020 38 391 M - -
P/E ratio 2020 17,9x
Yield 2020 4,01%
Capitalization 210 B 210 B -
EV / Sales 2020 5,06x
EV / Sales 2021 4,24x
Nbr of Employees 88 300
Free-Float 59,1%
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Technical analysis trends PFIZER INC.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 42,16 $
Last Close Price 37,80 $
Spread / Highest target 45,5%
Spread / Average Target 11,5%
Spread / Lowest Target -7,41%
EPS Revisions
Managers
NameTitle
Albert Bourla Chairman, Chief Executive & Operating Officer
Frank A. D'Amelio Chief Financial Officer & EVP-Business Operations
Lidia L. Fonseca Executive VP, Chief Digital & Technology Officer
Wyllie Don Cornwell Independent Director
Suzanne Nora Johnson Independent Director
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