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Billionaire s bet on Pfizer vaccine for China fails to pay off

Billionaire s bet on Pfizer vaccine for China fails to pay off

As Covid-19 started spreading in Wuhan early last year, Chinese billionaire Guo Guangchang’s drugmaker appeared to have scored a big win: A partnership with Germany’s BioNTech SE, which went on to produce with Pfizer Inc. one of the world’s most successful vaccines against the coronavirus. 

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