BioNTech SE (NASDAQ:BNTX) shares are trading higher Thursday after the company and Pfizer Inc (NYSE:PFE) announced a new COVID-19 vaccine supply agreement with the U.S. government.
Under terms of the agreement, the two companies will provide the U.S. government with 105 million doses of their COVID-19 vaccine. The government will pay $3.2 billion upon receipt and also has the option to purchase up to 195 million additional doses, bringing the total number of potential doses to 300 million. Pending regulatory authorization, the agreement will also include an "Omicron-adapted vaccine."
