Why BioNTech Shares Are Trading Higher Today

BioNTech SE - ADR BNTX shares are trading higher by 6% at $225 in sympathy with the overall market as it rebounds from last week's weakness following a shift in the Fed's policy. The company's COVID-19 vaccine was also approved for the 12-15 age group in New Zealand.

BioNTech is a Germany-based biotechnology company that focuses on developing cancer therapeutics, including individualized immunotherapy, as well as vaccines for infectious diseases, including COVID-19.

The company's oncology pipeline contains several classes of drugs, including mRNA-based drugs to encode antigens, neoantigens, cytokines, and antibodies; cell therapies; bispecific antibodies; and small-molecule immunomodulators. BioNTech is partnered with several large pharmaceutical companies.

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