Ginkgo Bioworks shares are trading higher after the company announced a collaboration with Pfizer focused on the discovery of RNA-based drug candidates.
Portfolio Pulse from Benzinga Newsdesk
Ginkgo Bioworks has announced a collaboration with Pfizer to discover RNA-based drug candidates, leading to a rise in Ginkgo's share prices.
September 27, 2023 | 12:25 pm
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POSITIVE IMPACT
Ginkgo Bioworks' shares are trading higher after announcing a collaboration with Pfizer. The partnership is focused on the discovery of RNA-based drug candidates.
The announcement of the collaboration with Pfizer, a major pharmaceutical company, is a positive development for Ginkgo Bioworks. This partnership could potentially lead to the discovery of new RNA-based drugs, which would be beneficial for Ginkgo's business. As a result, investors are reacting positively, leading to a rise in Ginkgo's share prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Pfizer has entered into a collaboration with Ginkgo Bioworks to discover RNA-based drug candidates.
The collaboration with Ginkgo Bioworks could potentially lead to the discovery of new RNA-based drugs, which would be beneficial for Pfizer's drug portfolio. This positive development could potentially have a positive impact on Pfizer's stock in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80