By Josh Beckerman

 

Pfizer Inc. shares rose 1.6% to $38.15 after hours, while BioNTech SE American depositary shares increased nearly 5% to $90.65 as the companies selected a coronavirus vaccine candidate to advance into a Phase 2/3 study.

The companies, which have studied multiple BNT162 RNA vaccine candidates, will advance BNT162b2 at a 30 ug dose level in a two-dose regimen.

Last week, the companies said the U.S. government agreed to pay $1.95 billion upon receiving the first 100 million doses of a vaccine in the BNT162 program.

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

July 27, 2020 18:04 ET (22:04 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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