Dr. Matt McCarthy, an infectious disease doctor, on coronavirus treatments, the reopening process in the U.S. and which companies have the technology to lead the vaccine race.
Positive data on BioNTech and U.S. partner Pfizer Inc’s COVID-19 vaccine is an unlikely success for the married couple behind the German biotech firm, who have devoted their lives to harnessing the immune system against cancer.
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Pfizer said on Monday its experimental vaccine was more than 90% effective in preventing COVID-19 based on initial data from a large study.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| PFE | PFIZER INC. | 38.78 | +2.38 | +6.55% |
| BNTX | BIONTECH | 102.31 | +10.30 | +11.20% |
PFIZER’S COVID-19 VACCINE PROVES 90% EFFECTIVE IN LATEST TRIALS
Pfizer and BioNTech are the first drugmakers to show successful data from a large-scale clinical trial of a coronavirus vaccine. The companies said they have so far found no serious safety concerns and expect to seek U.S. emergency use authorization later this month.
Ugur Sahin, CEO and co-founder of German biotech firm BioNTech on Sept. 17, 2020. (Reuters/Fabian Bimmer)
From humble roots as the son of a Turkish immigrant working at a Ford factory in Cologne, BioNTech Chief Executive Ugur Sahin, 55, now figures among the 100 richest Germans, together with his wife and fellow board member Oezlem Tuereci, 53, according to weekly Welt am Sonntag.
DOW FUTURES SOAR OVER 1,700 POINTS ON PFIZER'S COVID-19 VACCINE NEWS
The market value of Nasdaq-listed BioNTech, which the pair co-founded, had ballooned to $21 billion as of Friday’s close from $4.6 billion a year ago, with the firm set to play a major role in mass immunisation against the coronavirus.
“Despite his achievements, he never changed from being incredibly humble and personable,” said Matthias Kromayer, board member of venture capital firm MIG AG, whose funds have backed BioNTech since its inception in 2008.
He added Sahin would typically walk into business meetings wearing jeans and carrying his signature bicycle helmet and backpack with him.
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Doggedly pursuing his childhood dream of studying medicine and becoming a physician, Sahin worked at teaching hospitals in Cologne and the southwestern city of Homburg, where he met Tuereci during his early academic career.
Medical research and oncology became a shared passion.
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