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Moderna, BioNTech, Pfizer Fall on Merck Covid-19 Pill News

Stock Markets Oct 01, 2021 08:54AM ET
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© Reuters

By Geoffrey Smith 

Investing.com -- Shares in the makers of Covid-19 vaccines all fell sharply in premarket trading on Friday on expectations that Merck's experimental pill for treating the disease could radically undercut future demand for their drugs. 

By (8:45 AM ET 1345 GMT), Moderna (NASDAQ:MRNA) stock was down 4.9%, while BioNTech stock was down 5.3% and Pfizer (NYSE:PFE) stock was down 1.9%.  Pfizer has traditionally been the least price-sensitive to vaccine news because it has many other revenue sources, whereas the other two are, for the present at least, pure plays on Covid-19 treatments. 

Merck (NYSE:MRK) had said earlier that an early-stage trial of its experimental pill had led to clear reductions in hospitalizations among the sample group, all of whom had taken it after developing moderate symptoms of Covid-19. 

The study was stopped early, as is often the case when an experimental drug shows signs of efficacy.

Scientists have searched feverishly for a Covid-19 remedy that can be manufactured, distributed and administered at massive scale without arousing the suspicions and mistrust that often accompany new vaccines. Such a pill could transform the vaccination status of many poorer countries, where Covid-19 is still spreading more or less unimpeded due to the lack of vaccines in the developing world. 

 

 

 

 

Moderna, BioNTech, Pfizer Fall on Merck Covid-19 Pill News
 

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Comments (2)
Dickson Dantas
Nickolemus Oct 01, 2021 9:35AM ET
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Now everyone is going to stop being vaccinated because of a drug with 50% efficacy that still has no forecast to reach the market and we don't even know the price?
DJ Ryte
DJ Ryte Oct 01, 2021 9:15AM ET
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Will bigGovs mandate everyone swallow it?
Mike Edwards
Mike Edwards Oct 01, 2021 9:15AM ET
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More importantly, what color will it be? Red or blue?
Jeremy Johnson
Jeremy Johnson Oct 01, 2021 9:15AM ET
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Antonio Velardo  Will bigGovs mandate everyone get vaccinated via the needle?  Oh wait, yes they have been doing that.  Not sure what part of DJ Ryte's comment is "nonsense"?
 
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