So, it’s somewhat surprising to see BNTX up 65% today the official PR.
Exactly. How does such a solid "value-stock" such as PFE have it's pps remain in such a deep rut while being a longterm constituent in about the only sector, biotech, worth investing in this time&place? Every other sector is being disrupted to the point of utter chaos in the beaurocracie's attempt (for better or worse) to require a 6' social distancing.
<So, it’s somewhat surprising to see BNTX up 65% today the official PR.> Day and momentum traders read *headlines*, not article and small print! (they need to act fast and stupid)
BioNTech will receive an upfront payment of $185 million, including an equity investment of approximately $113 million, and be eligible to receive future milestone payments of up to $563 million for a potential total consideration of $748 million...