Pfizer Stock Is Trading Higher Tuesday: What's Going On?

Benzinga
2025.05.20 16:50
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Pfizer Inc (PFE) shares rose on Tuesday due to several developments. FDA advisors are set to discuss recommending COVID-19 vaccines for 2025-26 targeting the LP.8.1 strain, which is rapidly spreading. Additionally, Pfizer announced a licensing agreement with 3SBio for SSGJ-707, a bispecific antibody for cancer treatment, involving an upfront payment of $1.25 billion and potential milestone payments of up to $4.8 billion. Pfizer shares were up 1.50% at $23.35, despite being down 12% year-to-date.