Pfizer partnership? I'm skeptical. _________________________ A interesting find on the yahoo board. Pfizer possible partner under a new program they announced in June??? Both have scheduled public reports on Sept. 15th. Only 2 bio companies having public announcements that day. s the Pfizer Breakthrough Growth Initiative?
The Pfizer Breakthrough Growth Initiative will focus on making non-controlling equity investments in clinical-stage public companies, with a primary focus on companies with small- to medium-sized market capitalizations across a range of therapeutic categories that are consistent with Pfizer’s core areas of focus: Internal Medicine, Inflammation & Immunology, Oncology, Rare Disease, Vaccines and Hospital. Partner companies may also have the opportunity to access Pfizer’s significant expertise and resources in research, clinical development and manufacturing.
Is the Pfizer Breakthrough Growth initiative related to COVID-19 pandemic?
In addition to our core therapeutic areas of focus, companies developing treatments or vaccines for COVID-19 will be considered as potential partners.
While the launch of this new initiative is not specifically tied to the pandemic, the resulting uncertainty in the future financial markets may increase the need for many companies in the biotech community to seek alternative funding sources in order to help execute their long-term strategic plans.
Is the Pfizer Breakthrough Growth Initiative limited to U.S. biotechnology companies?
No. As with all of our partnering activities, we seek to collaborate with companies that are working on breakthrough science, no matter where the company is located."
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