COVID-19 Vaccine refers to a type of vaccine specifically developed to provide immunity against the coronavirus SARS-CoV-2, which causes the disease COVID-19. These vaccines function by stimulating the body’s immune system to recognize and fight the virus, reducing the risk of severe illness, hospitalization, and death. Various COVID-19 vaccines use different technologies, including mRNA (such as Pfizer-BioNTech and Moderna), viral vector (such as Johnson & Johnson and AstraZeneca), and inactivated virus (such as Sinovac and Sinopharm). The development and distribution of COVID-19 vaccines have been critical components in controlling the pandemic, enabling public health strategies to mitigate the spread of the virus and protect vulnerable populations. Vaccination campaigns aim to achieve herd immunity and reduce the overall impact of the disease in communities worldwide.
BioNTech is shifting focus from COVID-19 vaccines to mRNA-based cancer therapies amidst declining vaccine demand. In the last quarter of 2024, BioNTech's earnings per share dropped to €1.08, with overall…