Sanofi to provide support to BioNTech in manufacturing Covid vaccine

Sanofi (SNY) and BioNTech (BNTX) have entered into an agreement under which Sanofi will support manufacturing and supply of BioNTech's COVID-19 vaccine which is being co-developed with Pfizer (PFE). Sanofi will provide BioNTech access to its established infrastructure and expertise to produce over 125 million doses of COVID-19 vaccine in Europe. Initial supplies will originate from Sanofi's production facilities in Frankfurt from summer of 2021. "We are very conscious that the earlier vaccine doses are available, the more lives can potentially be saved. Today's announcement is a pivotal step towards our industry's collective goal of putting all the effort in to curb this pandemic," said Paul Hudson, Chief Executive Officer, Sanofi. "Although vaccination campaigns have started around the world, the ability to get shots into arms is being limited by lower than expected supplies and delayed approval timelines owing to production shortages. We have made the decision to support BioNTech and Pfizer in manufacturing their COVID-19 vaccine in order to help address global needs, given that we have the technology and facilities to do so. As always, our top priority is to focus our efforts and capabilities on fighting this global pandemic. First and foremost, we will do this by continuing to develop our own COVID-19 vaccines candidates, in parallel with this industrial cooperation."