Pfizer $PFE Stock Up On EU Deal For 200 Million Doses of COVID Vaccine

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PFE stock had increased volatility on December 21, 2021, after the company made an agreement with the EU to provide 200 million additional doses of its COVID-19 vaccine called COMIRNATY.

Pfizer and BioNTech to Provide European Union More Than 200 Million Additional Doses of COMIRNATY® to Help Meet Continued Need for Vaccine Supply

  1. The European Commission exercised part of its option for over 200 million additional doses to be delivered in 2022.
  2. These doses are in addition to the 450 million doses already planned for delivery in 2022, bringing the total number of vaccine doses in the European Union to more than 650 million

On December 20, 2021, Pfizer Inc. (NYSE: PFE) and BioNTech SE (Nasdaq: BNTX) announced an agreement has been reached with the European Commission (EC) and its member states to exercise an option to purchase more than 200 million additional doses of COMIRNATY®, the companies’ COVID-19 vaccine. Contractual details are currently being finalized.

These 200 million optional doses are in addition to the 450 million doses already planned to be delivered in 2022 based on previously signed agreements. The number of doses to be delivered to the EC member states by the companies in 2022 will now total more than 650 million doses.

This order would also cover potential vaccines adapted to the Omicron variant without additional costs, if a variant vaccine is determined to be needed and subsequently authorized or approved.

Pfizer and BioNTech agreed in May to supply 900 million doses to the European Commission (EC) in 2022 and 2023, with option to request up to an additional 900 million doses.

COMIRNATY, which is based on BioNTech’s proprietary mRNA technology, was developed by both BioNTech and Pfizer. BioNTech is the Marketing Authorization Holder in the United States, the European Union, the United Kingdom, Canada and other countries, and the holder of emergency use authorizations or equivalents in the United States (jointly with Pfizer) and other countries. Submissions to pursue regulatory approvals in those countries where emergency use authorizations or equivalent were initially granted are planned.

HOW IS THE VACCINE GIVEN?

The vaccine will be given as an injection into the muscle.

Primary Series:
In individuals 5 years of age and older, the vaccine is administered as a 2-dose series, 3 weeks apart. In individuals 12 years of age and older, a third primary series dose may be administered at least 4 weeks after the second dose to individuals who are determined to have certain kinds of immunocompromise.

Booster Dose:

A single booster dose of the vaccine may be administered at least 6 months after completion of a primary series to individuals 16 years of age and older
A single booster dose of the vaccine may be administered to individuals 18 years of age and older who have completed primary vaccination with a different authorized COVID-19 vaccine. Individuals should check with their healthcare provider regarding timing of the booster dose

WHAT IS THE INDICATION AND AUTHORIZED USE?

The Pfizer-BioNTech COVID-19 Vaccine has received EUA from FDA to provide:

  1. a 2-dose primary series to individuals 5 years of age and older
  2. a third primary series dose to individuals 12 years of age and older who have been determined to have certain kinds of immunocompromise
  3. a single booster dose to individuals 16 years of age and older who have completed a primary series with Pfizer-BioNTech COVID-19 Vaccine or COMIRNATY®
  4. a single booster dose to individuals 18 years of age and older who have completed primary vaccination with a different authorized COVID-19 vaccine. The booster schedule is based on the labeling information of the vaccine used for the primary series

COMIRNATY® (COVID-19 Vaccine, mRNA) is an FDA-approved COVID-19 vaccine made by Pfizer for BioNTech.

  1. It is approved as a 2-dose series for prevention of COVID-19 in individuals 16 years of age and older
  2. It is also authorized under EUA to provide:
  3. a 2-dose primary series to individuals 12 through 15 years of age
  4. a third primary series dose to individuals 12 years of age and older who have been determined to have certain kinds of immunocompromise
  5. a single booster dose to individuals 16 years of age and older who have completed a primary series with Pfizer-BioNTech COVID-19 Vaccine or COMIRNATY®
  6. a single booster dose to individuals 18 years of age and older who have completed primary vaccination with a different authorized COVID-19 vaccine. The booster schedule is based on the labeling information of the vaccine used for the primary series

EUA Statement

Emergency uses of the vaccine have not been approved or licensed by FDA, but have been authorized by FDA, under an Emergency Use Authorization (EUA) to prevent Coronavirus Disease 2019 (COVID-19) in individuals 5 years of age and older. The emergency uses are only authorized for the duration of the declaration that circumstances exist justifying the authorization of emergency use of the medical product under Section 564(b)(1) of the FD&C Act unless the declaration is terminated or authorization revoked sooner.

📺 VIDEO Pfizer: Protection against Omicron improves after 3 doses

CNN’s Dr. Sanjay Gupta speaks with Pfizer’s Chief Scientific Officer Mikael Dolsten about preliminary lab studies that show a booster of the Pfizer/BioNTech vaccine is needed to neutralize the Omicron variant and that first two doses may not provide sufficient protection.

Pfizer: Protection against Omicron improves after 3 doses

📈 PFE Stock Technical Analysis

Pfe Stock

Both the short term and long term trends are positive. This is a very positive sign. PFE is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 96% of 257 stocks in the same industry. PFE is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so PFE is performing more or less in line with the market. Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up. There is a support zone ranging from 53.64 to 54.30. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame. Although PFE has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first. Click here to sign up for email alerts on when PFE stock is a good entry.

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