The coronavirus pandemic continues to plague the world with over 500,000 cases reported globally and over 82,000 cases in the US alone. As the world grapples with the outbreak, several healthcare companies are working to develop a vaccine against COVID-19. Let’s take a look at some of them:
Sanofi and Translate Bio
The latest to announce their work on a vaccine against the coronavirus are Sanofi Pasteur and Translate Bio (NASDAQ: TBIO). The companies today announced a partnership to develop a novel mRNA vaccine for COVID-19. The duo will work together to assess multiple SARS-CoV-2 vaccine candidates to push for advanced clinical development.
Sanofi Pasteur is the vaccines business division of Sanofi ADR (NASDAQ: SNY). This is Sanofi’s second collaboration in the development of a COVID-19 vaccine. The company already has an agreement with the Biomedical Advanced Research and Development Authority (BARDA) to develop a protein-based vaccine candidate against the coronavirus.
Altimmune (NASDAQ: ALT), which announced its FY19 earnings results today, disclosed that it has begun the development of AdCOVID, an intranasal vaccine candidate against COVID-19. The company is working towards a Phase 1 clinical trial as early as the third quarter of this year.
Last week, Regeneron Pharmaceuticals (NASDAQ: REGN) said it has identified virus-neutralizing antibodies, which can be used in a cocktail therapy to prevent or treat the SARS-CoV-2 virus. In addition to this, Regeneron, along with Sanofi, announced the start of a Phase 2/3 clinical trial in order to evaluate Kevzara for the treatment of patients with severe COVID-19.
In February, Gilead Sciences (NASDAQ: GILD) announced the start of two Phase 3 clinical studies to assess the efficiency of remdesivir in the treatment of the novel coronavirus.
Last month, Moderna Inc. (NASDAQ: MRNA) said it released the first batch of its coronavirus vaccine, mRNA-1273, for human use. Vials of mRNA-1273 were shipped to the National Institute of Allergy and Infectious Diseases to be used in the Phase 1 study in the US.
Last week, the company announced that the first participant has been dosed in the Phase 1 study of the mRNA vaccine against COVID-19. The study will have two doses of vaccinations and the participants will be followed through 12 months after the second vaccination.
Shares of KB Home (NYSE: KBH) were up slightly on Friday. The stock has dropped 40% year-to-date and 35% over the past 12 months. The company delivered mixed results for
Warehouse behemoth Costco Wholesale Corporation (NASDAQ: COST) has reported a 15% increase in fourth-quarter 2022 revenues, which translated into double-digit growth in net income. Fourth-quarter revenues increased sharply to $72.09 billion.
Cargo giant FedEx Corporation (NYSE: FDX) Thursday reported a decline in first-quarter adjusted earnings, despite an increase in revenues. The company also provided guidance for fiscal 2023. Net income, adjusted