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Pfizer (PFE)

by | Jul 22, 2020 | Daily Trade Alert

On July 13, we highlighted Pfizer (PFE) as an opportunity at $34.63 on news the US FDA fast-tracked its COVID-19 vaccine candidates.

As of this morning, Pfizer is set to open at $38.51, and is still a solid opportunity.

Just moments ago. It was announced the U.S. government will pay $1.95 billion for Pfizer to produce and deliver 100 million doses of its COVID vaccine once the US declares its safe and effective in humans. Under the agreement, the U.S. can acquire an additional 500 million doses of the vaccine as well.

“Through Operation Warp Speed, we are assembling a portfolio of vaccines to increase the odds that the American people will have at least one safe, effective vaccine as soon as the end of this year,” HHS Secretary Alex Azar said as quoted by CNBC. “Depending on success in clinical trials, today’s agreement will enable the delivery of approximately 100 million doses of vaccine being developed by Pfizer and BioNTech.”

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