Covid-19 vaccine – the finish line in sight?
04 November 2020
As one of the most historically-crucial scientific races approaches its clinical-stage finish line, we believe the outcome could have a resounding impact on race participants, but even more importantly, on global financial markets. A failure, especially from the least controversial players such as Moderna and BioNtech could send stocks on a bearish spiral, while a success, as is often the case, would be more detail-sensitive. With the totality of biological and clinical data we have to date, we believe readouts could exceed regulatory hurdles, and be clinically meaningful. We believe the probability of success is high, given the impressive efficacy at an earlier timepoint. Consequently, ahead of the upcoming clinical data readouts, we have increased our portfolios’ exposure to the mRNA space.
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