What happened Shares of BioNTech (NASDAQ: BNTX) were jumping 5.9% higher as of 2:50 p.m. EDT on Wednesday. The solid gain came after BioNTech and Pfizer (NYSE: PFE) announced that they had signed a letter of intent with South African biopharmaceutical company The Biovac Institute Ltd to manufacture their COVID-19 vaccine for distribution within the African Union.
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