Skip to main content

How CureVac made the money in listing itself?

When there is crisis there is opportunity is famous quote. The Pharma companies are making the quote in realty by using in the name of cornavirus vaccine. 

The coronavirus-pandemic is reshaping the biotech and pharma industry. Serum Institute of India, Bharat Biotech and Zydus Cadila and AstraZeneca of University of Oxford are in different stages in their trials in developing the vaccine. Of Course! Russia President had announced the country is first in finding vaccine race with Sputnik V.  One common factor in all these companies found is making the money as early as possible with pandemic virus.

German pharmaceutical company CureVac is also joined the above. 20 year old pharma company went to listing in NASDAQ stock exchange.  The share of CureVac has traded with 249% increase in its first trading day in NASDAQ. CureVac gave enormous campaign for its first IPO like “The First COVID IPO” which attracts many new investors. That causes skyrocket its share price on first day of trading. It shows how investors interest to put their money in pharmacy companies. CureVac is just one of the 170 covid-19 vaccine developed companies from US, China, UK, Russia and India. The research of CureVac is going faster than ever. In normal times new vaccine took 10 to 15 years to get into market.

CureVac expects to hit the world market by mid-2021 and price of the vaccine per dose expected around 10 to 15 Euros ($11 to $17). Investors are piling in to small, often unproven companies in hopes they can produce a vaccine in the coming months. Those companies in turn, are spending big to expand production facilities for vaccines that aren’t yet fully tested, nor certified. Now some companies have reached the clinical trial phase in a matter of months. Trusted institutions are expecting a breakthrough as early as next year. CureVac plans to produce a billion a year, if its vaccine comes to fruition. Two decades in Pharma Company made investors invest into CureVac even the company is seeking for approvals. CureVac ride on coronavirus wave in stock market.


Labels:

Comments

Post a Comment

Popular posts from this blog

Photo : Savitri during her last days

Even after 4 decades of her death, people are very much interested to watched her (Savitri) biopic. Mahanati turned to be stupendous success. On eve of remembering Savitri, here we posted Savitri photo. The photo seems her last days. The man stand behind Savitri is Gemini Ganeshan who married Savitri. It seems that she suffered bad days during her last days.
Post a Comment
Read more

Difference between DELETE and TRUNCATE

This is the common interview question for every SQL Developer and DBA position. DELETE TRUNCATE DML (Data Manipulation Language) Command. DDL (Data Definition Language) Command. It can be rollback. It can't be rollback. Using DELETE we can remove some or all records from the table. We can use WHERE clause with it. Using TRUNCATE we can remove all records from the table at once. We can't use WHERE clause with it. DELETE command is slow in performance. TRUNCATE command is super faster in performance. All deleted Triggers fire on DELETE command. No Trigger can be fired on TRUNCATE command. DELETE can't reset high water mark. TRUNCATE can reset high water mark. DELETE can't release the space from the table. TRUNCATE can release the space from the table.
Post a Comment
Read more

Producers demand 18 crores for Ceded for Pavan and Trivikram film

Director Rajamouli showed the path to all other producers on how to sell product (movie) in different ways across the word. Telugu Cinema has vertically divided in two ways Before and after Bahubali. Bahubali proves that there were no boundaries in selling the movie. Other producers who are doing with star heros like Pavan, Mahesh and Jr. NTR will follow Rajamouli in this regard. But there is slight difference with Bahubali and other heros films. Unfortunately, producers and distributors fail to notice the gap. Bahubali is universal movie which was apt to all sections in the world. That is the reason for getting huge collections across the world. We didn't expect the same situation for Prabas's next movie even though his popularity increased with Bahubali. Radha Krishna who produced movies like Julayi and A. AA.. will plan to produce next film with Pavan and Trivikram. Movie was not yet started but distributors rushed toward producer for getting area-wise rights.Obviously, ...
Post a Comment
Read more