The cancer drug BioNTech is developing with a China-based peer did well in a late-stage, head-to-head trial.
The drug met its primary endpoint in the study.
BioNTech (NASDAQ: BNTX), the Germany-based biotech that scored big early in the pandemic era with the Comirnaty vaccine it developed with Pfizer, had some fresh news from the lab to report on Friday. Investors clearly liked what they heard, as they traded up the German biotech's American depositary receipts (ADRs) by 10% that day.
BioNTech and Chinese peer Duality Biologics announced before market open that a phase 3 clinical trial of their cancer drug trastuzumab pamirtecan met its primary endpoint of progression-free survival. The medication was administered to patients with unresectable or metastatic breast cancer who had previously received certain types of chemotherapy.
Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue »
Image source: Getty Images.
The antibody-drug conjugate (ADC) treatment targets a surface protein on cancer cells. It was put through its paces in a head-to-head study with a related medicine, trastuzumab emtansine. The trial was conducted by Duality in its native China.
The two healthcare companies said that Duality aims to discuss potential next steps with that country's Center for Drug Evaluation to file a biologics license application (BLA) for trastuzumab pamirtecan. The pair also aim to submit applications in other jurisdictions, including the European Union and the United States.
BioNTech said that the treatment is its first late-stage oncology drug to meet its primary endpoint in a phase 3 study. Its press release quoted co-founder and chief medical officer Özlem Türeci as saying that it has "enormous potential which makes it an important asset in our global oncology strategy including combinational approaches."
In the press release touting the results, BioNTech and Duality pointed out that China alone has more than 350,000 new cases of breast cancer every year. The disease also has significant numbers in the U.S., so the addressable market is large. It isn't surprising that investors were so encouraged by the news.
Before you buy stock in BioNTech Se, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and BioNTech Se wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $678,148!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,052,193!*
Now, it’s worth noting Stock Advisor’s total average return is 1,065% — a market-crushing outperformance compared to 186% for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor.
See the 10 stocks »
*Stock Advisor returns as of August 25, 2025
Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Pfizer. The Motley Fool recommends BioNTech Se. The Motley Fool has a disclosure policy.