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AZNCF - Suspending Vaccine IP Rights Could Sink Moderna Novavax
March, 31 2021 03:48 PM
AstraZeneca Plc
President Biden is contemplating suspending intellectual property rights for COVID-19 vaccines. The sooner we vaccinate the entire world, the closer we get to protecting ourselves against COVID-19 and, potentially, new strains. I value MRNA and NVAX based on 1x expected 2022 revenue, plus cash. I estimate MRNA and NVAX are overvalued by 65% and 50%, respectively. Once the market digests this, this stocks could fall hard. Generic competition could make matters worse. Sell MRNA and NVAX. For further details see:
Suspending Vaccine IP Rights Could Sink Moderna, Novavax
Stock Information
Company Name:
AstraZeneca Plc
Stock Symbol:
AZNCF
Market:
OTC
Website:
astrazeneca.com
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