Thursday, June 17, 2021

CureVac On Life Support -- June 17, 2021

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Link here.  From early August, 2020, last year:

  • CureVac doesn't rule out accelerated approval for Covid-19 vaccine; interesting, interesting story; connecting the dots;
    • German biotechnology firm
    • expects to put its vaccine on the market in mid-2021
    • CureVac: backed by Bill Gates
    • CureVac: listed ont eh NASDAQ three days ago, Friday, August 14, 2020, raising $213 million;
    • ticker symbol: CVAC
    • closing price on first day of trading: $55.90; up 250%)

First day of trading, back in early August, 2020:

From August 8, 2020:

CureVac: of the thousands of sticker symbols I could have chosen, back on August 14, 2020, I chose CureVac (CVAC) trading up 250% on its first day of trading; closed at $56. Today, I see CVAC is up another $15, up almost 14% today; and closed at $130. Moderna had a great day. This is clearly not rocket science. PFE. JNJ.

Fast forward, today, June 17, 2021: CureVac plummeting. Over at The WSJ, "CureVac sharees plunge premarket on disappointing Covid-19 vaccine trial. Vaccine was 47% effective in an analysis of a trials, says the company, which attributed the poor performance to variants. 

Not even mentioned on CNBC this morning. Makes sense: Bill Gates and MSNBC --> CNBC joined at the hips.

For its main listing in the U.S., shares were down 45% in off-hours trading. Shares in the company listed in Frankfurt traded 43% lower Thursday.

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