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Covid Vaccine Stocks

All articles tagged with #covid vaccine stocks

business2 years ago

Vaccine Stocks Tumble as Pfizer Slashes Outlook

Stocks of Pfizer, BioNTech, Moderna, and Novavax fell in premarket trading as demand for Covid vaccines plummeted, leading to a change in fortune for the sector. Pfizer slashed its revenue forecasts due to sliding demand for its Covid-19 products, including its mRNA shot and antiviral drug Paxlovid. The company also announced a $3.5 billion cost-cutting program. Moderna, which heavily relies on its Covid-19 vaccines, will report its quarterly earnings soon and is vulnerable to sliding demand.

via Forbes|
#biontech#business#covid-vaccine-stocks
health2 years ago

"Rising Covid Variant Concerns Drive Surge in Vaccine Stocks Ahead of Fall Rollout"

Shares of Covid vaccine makers, including Novavax, Moderna, BioNTech (in partnership with Pfizer), and Pfizer, rose as new variants of the virus, such as EG.5 and BA.2.86, emerge in the U.S. ahead of the rollout of updated shots this fall. While these variants may have some ability to evade immunity from previous vaccinations and infections, the new shots are expected to provide protection. However, it remains unclear how well the new shots will protect against the BA.2.86 variant, which has 36 mutations distinguishing it from the currently dominant XBB.1.5 variant. The emergence of BA.2.86 could potentially increase demand for vaccines and treatments that offer some degree of protection against the highly mutated variant.

via CNBC|
#covid-vaccine-stocks#fall-shot-rollout#health