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Experts: Coronavirus vaccine will take more than a year to create
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Coronavirus and the economy 16 videos
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Experts: Coronavirus vaccine will take more than a year to create
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WASHINGTON, DC - DECEMBER 21: People pass a sign that reads "Face Mask Required" in a mall as COVID-19 cases surge in the city on December 21, 2021 in Washington, DC. District of Columbia Mayor Muriel Bowser reinstated the city's indoor mask mandate at 6am on Tuesday and announced a vaccination mandate for government employees after COVID-19 case numbers have surged to a new high. (Photo by Alex Wong/Getty Images)
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NORTH CHARLESTON, SC - JANUARY 14: (L-R) Neil Cavuto and Maria Bartiromo, moderators of the Fox Business Network Republican presidential debate speak to the audience on stage at the North Charleston Coliseum and Performing Arts Center prior to the debate on January 14, 2016 in North Charleston, South Carolina. The sixth Republican debate is held in two parts, one main debate for the top seven candidates, and another for three other candidates lower in the current polls. (Photo by Scott Olson/Getty Images)
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WASHINGTON, DC - JANUARY 22: National Economic Council Director Brian Deese speaks during a White House news briefing, conducted by White House Press Secretary Jen Psaki, at the James Brady Press Briefing Room of the White House January 22, 2021 in Washington, DC. Psaki and Deese discussed various topics including the economic crisis that was caused by the COVID-19 pandemic. (Photo by Alex Wong/Getty Images)
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New York CNN Business  — 

CureVac, a German biotech working on a Covid-19 vaccine that is backed by the Bill & Melinda Gates Foundation and has a manufacturing agreement with Elon Musk’s Tesla (TSLA), soared again Monday after more than tripling in its Wall Street debut Friday.

Shares of CureVac were up about 40% Monday after its CEO Franz-Werner Haas said in an interview with the German financial news site Boerse Online over the weekend that he was hopeful its vaccine will be approved by regulators early next year. Haas added that an “accelerated approval was possible” as well.

CureVac recently received approval from the governments of Germany and Belgium to start clinical trials for one of its vaccines for Covid-19.

CureVac is also backed by billionaire Dietmar Hopp, the co-founder of German software giant SAP (SAP).

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JEFF PACHOUD/AFP via Getty Images

Related article In quest for vaccine, US makes 'big bet' on company with unproven technology

Hopp owns nearly half of CureVac. The German government and Big Pharma leader GlaxoSmithKline (GSK) also have big stakes in the company. The Bill & Melinda Gates Foundation invested $40 million in CureVac in 2015.

CureVac has a development and intellectual property agreement with Tesla since November 2015, according to regulatory filings with the Securities and Exchange Commission.

Musk tweeted last month that Tesla’s German Grohmann division is helping build molecule printers for CureVac — a “side project” that Tesla may expand to include other drug companies.