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PFE - Sanofi Is Set To Soar After COVID-19 Vaccine News
Pfizer Inc.
Sanofi is working on a COVID-19 vaccine with GSK and planning to announce the outcome of 1/2 phase trials before the year ends.
The company already has more than 600 million pre-orders for the vaccine.
Robust demand for COVID-19 vaccines is likely to continue.
To conclude, Sanofi is well positioned with its 1 billion doses production capacity for its experimental COVID-19 vaccine, and it is likely to soar if 1/2 phase trials end successfully.