Durable Revenue Streams From Vaccine SalesDirect sales to governments, healthcare organizations and private clients, plus R&D collaborations and grants, create multiple, structurally recurring revenue channels. That diversity supports steadier demand and funding for vaccine development across funding cycles and geographies.
Focused Vaccine R&D And PipelineA concentrated business model on vaccine R&D and manufacturing (including lead Ad5-nCoV and candidates for TB and influenza) aligns with persistent global public health needs. This specialization builds technical know‑how and manufacturing scale that underpin long-term competitive positioning.
Moderate Leverage And Stable Asset BaseRelatively low debt (D/E ~0.29) and a stable equity ratio suggest financial flexibility to support ongoing R&D and production investments. Lower leverage reduces near-term solvency risk and preserves capacity to raise or allocate capital for strategic programs over the medium term.