CureVac in talks with pharma companies about partnership: Sueddeutsche

Industry:    2020-08-17

German biotechnology firm CureVac CVAC.O is in talks with large drugmakers about a partnership to help market and distribute its prospective vaccine against the COVID-19 virus, its chief executive told Sueddeutsche Zeitung.

CureVac, backed by Microsoft founder and billionaire Bill Gates, listed on the Nasdaq stock market on Friday, raising $213 million.

Asked whether CureVac was in talks with larger pharmaceutical partners, CEO Franz-Werner Haas told the paper: “Yes. We are in talks. We cannot go it alone.”

CureVac which raised funds at the top end of its indicated price range of between $14 and $16 per share, will have further financing rounds going forward, Haas told the paper.

On the cost of a future CureVac vaccine, Haas said 10 euros ($11.8) to 15 euros should be realistic. He did not specify whether that was per dose or per treatment course.

The United States has struck a deal for an experimental vaccine developed by Pfizer and partner BioNTech for about $40 per treatment course. Moderna’s prospective two-dose regimen would cost between $64 and $74 per person.

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