Pfizer-BioNTech Plans To Give Vaccine Transition Option To Volunteers Who Receive Placebo

Pfizer Inc. (NYSE: PFE) and its partner BioNTech SE (NASDAQ: BNTX) have decided to offer the chance to the volunteer who got the placebo in the COVID-19 vaccine trial to get the first dose of their investigational vaccine within the study by March 1, 2021.

The firms have disclosed that the Vaccine Transition Option provides all applicants 16 years and older an option to know whether they got the experimental vaccine or placebo. Furthermore, the applicants who will get to know that they got the placebo will have the option to get the experimental vaccine during their stay in the study.

Shares of Pfizer Inc. (NYSE: PFE) soared 0.19% as it gained +0.07 during the trading session of Thursday. It has a day low range of $36.29 and a high range of $36.92. In the past 52-weeks of trading, this firm’s share went from the low point of around $26.42 to briefly over $43.08. Its shares surged 39.32% from its 52-weeks low and plummeted to -14.55% from its 52-weeks high.

Looking at its profitability, it as return on investment, equity, and assets is 14.70%, 13.50%, and 5.00%. Its Gross Margin is 80.10%, and Operating Margin is 13.30%. Turing our focus on its liquidity, it has a current ratio of 1.40 and a quick ratio of 1.10. This company’s market cap has remained high, hitting $205.60 billion at the time of writing.

Shares of BioNTech SE (NASDAQ: BNTX) soared 0.19% as it gained +0.07 during the trading session of Thursday. It has a day low range of $36.29 and a high range of $36.92. In the past 52-weeks of trading, this company’s share went from the low point around $26.42 to briefly over $43.08. Its shares surged 39.32% from its 52-weeks low and plummeted to -14.55% from its 52-weeks high.

Pfizer and its partner revealed that how they will exercise this Vaccine Transition Option. 16-years and older applicants who got the placebo got two doses of the investigational vaccine retained for them within the study. As per the guidelines of the U.S. CDC and their local health authorities, the study doctors will provide the Vaccine Transition option to applicants.

If the applicants will choose the transition option, they will be given the option to be unblinded and know whether you were in the investigational vaccine or placebo group. When they get to know that they were in the placebo group and want to get the investigational vaccine, the helper will have an in-person visit where they will be equipped with a new apprised consent document that the research doctor will examine with them before they sign it.

Then, they will get the first dose of the investigational vaccine. And after 21 days the helpers will receive the second dose of the experimental drug. Undertakes are not bound to get the switch-over option. They are free to choose whether they want to continue their current study or wished to opt for the new option.