What Does It Mean for Investors When a Coronavirus Vaccine Is "Fast-Tracked"?

With the ongoing race to develop a coronavirus vaccine, a small handful of vaccine developers like Pfizer, (NYSE: PFE), BioNTech (NASDAQ: BNTX), and Moderna (NASDAQ: MRNA) have successfully sought fast-track status from the U.S. Food and Drug Administration (FDA), making headlines and prompting frenetic trading.

Few would dispute that fast-track designations are significant signals for investors. But, to appreciate the impact of fast-tracking on coronavirus vaccine stocks, it's prudent to take a closer look at the process and compare a couple of relevant examples.

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Source Fool.com