Covid vaccine stocks jump as new variants emerge
Novavax, Moderna, Pfizer and its partner BioNTech are slated to roll out new shots designed to target the omicron subvariant XBB.1.5 this fall.
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Novavax, Moderna, Pfizer and its partner BioNTech are slated to roll out new shots designed to target the omicron subvariant XBB.1.5 this fall.
Moderna and BioNTech are no longer minting money from Covid vaccines. But both have strong drug pipelines and plenty of cash.
BioNTech SE (BNTX) posted a second-quarter net loss of 190.4 million euros, compared to profit of 1.67 billion euros, last year. Loss per share was 0.79 euros, compared to profit of 6.
Sales drop by more than expected in the second quarter, but BioNTech says its new 'variant-adapted Covid-19 vaccine' is still on track.
Shares of Rao's parent Sovos Brands' popped 25% in premarket trading on news that Campbell Soup will acquire the pasta sauce maker for $2.33 billion.