
SAN Stock Up 0.52%, Sanofi to Begin Human Trials of Second COVID-19 Vaccine
Sanofi will begin testing its second COVID-19 vaccine on 415 people today. First results are expected sometime between July and September 2021.
Sanofi will begin testing its second COVID-19 vaccine on 415 people today. First results are expected sometime between July and September 2021.
Apparently, Sanofi noted that the vaccine was more responsive to younger patients, particularly those below 49 years.
Sanofi is looking at potential acquisitions of U.S. biotechnology companies including Principia Biopharma, as it looks for innovative treatments for clinical areas including multiple sclerosis and immune disorders. PRNB stock price is up.
Following the news, both Sanofi and GlaxoSmithKline stocks jumped. The latest closing price for Sanofi was $51.62. GlaxoSmithKline shares ended at $41.22 at the latest session.
Of course, there is always risk involved in investing, regardless of which industry or what kind of company it is. In the case of coronavirus vaccine stocks, you should bear in mind that not all of the vaccine candidates will be successful.
After closing yesterday with a 0.17% rise, Sanofi (SNY) stock is in the red now. “Giving the U.S. priority access to a Sanofi vaccine against the new coronavirus would be ‘unacceptable,’” a French government minister said.
Within the partnership, Sanofi will contribute its S-protein COVID-19 antigen based on recombinant DNA technology, while GlaxoSmithKline will implement its proven pandemic adjuvant technology.
A few stocks, including some of the ones below, are being classified as COVID-19 stocks because of their potential to rise even as the pandemic worsens.