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Moody's says Pfizer's U.S. COVID-19 vaccine authorization is credit positive

Published 12/13/2020, 01:06 PM
Updated 12/13/2020, 01:10 PM
© Reuters. FILE PHOTO: A vial of the Pfizer/BioNTech COVID-19 vaccine is seen at the Royal Victoria Hospital in Belfast

(Reuters) - Rating agency Moody's (NYSE:MCO) Investors Service said on Sunday that Pfizer Inc (NYSE:PFE)'s U.S. COVID-19 vaccine authorization is credit positive.

"The approval is credit positive because of incremental profit and cash flow from sales of the vaccine," Moody's said https:// "The revenue and profit opportunities for Pfizer are significant because it has priced the vaccine at a profit."

The Pfizer/BioNTech vaccine in a large clinical trial was 95% effective in preventing illness. U.S. regulators late on Friday authorized emergency use of the vaccine, following similar moves by the UK and Canada.

Latest comments

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