Pfizer, BioNTech to co-develop potential coronavirus vaccine

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Pfizer, BioNTech to co-develop potential coronavirus vaccine
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U.S. drugmaker Pfizer Inc has signed a deal with Germany's BioNTech SE to c...

- 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. 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.

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.

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