German Smallcap Becomes a Hot Trade on Vaccine Cold Storage Need
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As Covid-19 vaccinations get ever nearer, a little-known German company whose equipment helps keep doses cold during shipping and storage has become a hot stock.
Va-Q-tec AG shares soared 84% in November as firms including Pfizer Inc. and Moderna Inc. reported success in developing shots against the coronavirus. Both vaccines need to be kept cold during storage, with Pfizer’s ultra-low temperature requirement of -70 degrees celsius (-94 degrees Fahrenheit) more onerous than those of its rival, which says its vaccines can be kept in regular freezers.