Why Pfizer and BioNTech Stocks Rose Today

Shares of Pfizer (NYSE: PFE) and BioNTech (NASDAQ: BNTX) climbed on Friday after the pharmaceutical giant and biotech said they would request Emergency Use Authorization (EUA) for their experimental coronavirus vaccine. 

As of 11:15 a.m. EST, Pfizer's and BioNTech's stocks were up 1.2% and 6.7%, respectively.

Pfizer and BioNTech will submit an EUA request to the U.S. Food and Drug Administration (FDA) today. The companies said they've already made similar requests to health regulators in international markets, such as Canada, the U.K., and Japan.

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Source Fool.com