Is BioNTech's Coronavirus Vaccine Candidate a Game-Changer for Investors?
BioNTech (NASDAQ: BNTX) may seem like an unlikely contender to produce a coronavirus vaccine. Between its BNT311 and BNT312 programs targeting solid tumors and its BNT115 program for ovarian cancer, the company's product development pipeline is packed with potential oncology drugs, but little else. In fact, its coronavirus vaccine candidate, BNT162b2, is BioNTech's only clinical-stage project that isn't intended to treat cancer.
Contrary to what you might expect, it also happens to be the company's most advanced project. After taking BNT162b2 all the way from preclinical testing to its final phase of clinical trials, BioNTech may even have the expertise it needs to produce future inoculations for infectious disease without outside assistance. This means that working on BNT162b2 may have opened an entirely new wing of the company's pipeline. You won't find the value of this experience anywhere on BioNTech's balance sheet, but it could well be decisive for the company's future prospects, and it's the key to understanding why BNT162b2 is a game-changer for investors.
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Source Fool.com
