UBS: CureVac has a ‘potentially competitive mRNA platform’

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UBS: CureVac has a ‘potentially competitive mRNA platform’
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CureVac’s promising Phase 1 data for flu and COVID-19 vaccine candidates is a signal to investors that its messenger RNA technology is, in fact, competitive,...

CureVac’s CVAC promising Phase 1 data for flu and COVID-19 vaccine candidates is a signal to investors that its messenger RNA technology is, in fact, competitive, according to UBS Securities analysts, who upgraded the company’s stock to Buy from Neutral on Thursday. They also more than doubled the price target, to $18 from $8. CureVac attempted to develop a first-generation COVID vaccine but failed.

CureVac’s CVAC promising Phase 1 data for flu and COVID-19 vaccine candidates is a signal to investors that its messenger RNA technology is, in fact, competitive, according to UBS Securities analysts, who upgraded the company’s stock to Buy from Neutral on Thursday. They also more than doubled the price target, to $18 from $8. CureVac attempted to develop a first-generation COVID vaccine but failed.

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