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Why BioNTech Stock Is Jumping Again Today

TheMotleyFool

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Shares of BioNTech (NASDAQ: BNTX) were jumping 9.2% higher as of 12:30 p.m. EDT on Wednesday. The gain came after Health Canada authorized the COVID-19 vaccine developed by BioNTech and Pfizer (NYSE: PFE) for children as young as 12 years old.

The Pfizer-BioNTech COVID-19 vaccine was already available in Canada for individuals ages 16 and up. The new authorization for adolescents should help the country fight COVID-19 more effectively. Around one-fifth of all Canadian cases of COVID-19 have affected children and teens.

Image source: Getty Images.

Source Fool.com

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