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Pfizer Surges on Encouraging Trial Results for Antiviral Covid-19 Pill

Published 11/05/2021, 07:48 AM
Updated 11/05/2021, 07:50 AM
© Reuters.

© Reuters.

By Dhirendra Tripathi

Investing.com – Pfizer stock (NYSE:PFE) climbed 11% in Friday’s premarket trading after the pharma giant reported encouraging trial results for its antiviral pill against Covid-19.

Pfizer said that its drug, still under development, cuts the risk of severe disease by as much as 89%. There were no deaths reported in the trial group which received the drug rather than the placebo.

Pfizer’s results suggest it may be more effective than that of rival Merck (NYSE:MRK). Merck's oral antiviral medicine molnupiravir indicated it reduced the risk of hospitalization or death by half.

Molnupravir was approved for emergency use in the U.K. this week, its first authorization to date.

Pfizer said it will approach the Food and Drug Administration soonest for approval for emergency use.

The drug is given in combination with an older antiviral called ritonavir. The combination treatment, branded Paxlovid, consists of three pills given twice daily.

The company said adverse events happened in about 20% of both treatment and placebo patients and said most of them were mild in intensity.

Latest comments

🤣🤣🤡🤡🤡
Great! More profit! This is the world we live in. Big corporations rule. They can "persuade" FDA and create any supporting "scientific experiment" that promote their products.
Immediate consequences and risks talked about. Long term consequences and risks not talked about.
Lol so whats the vax for?
prevention, as it has always been
so why doesnt it prevent then?
I was thinking the same thing
As if anyone that shops at Krogers has a Bitcoin investment or the money to make one.
lmao more garbage to poison the masses
Most likely put out by Bitcoin fools to pump demand.
rather this garbage that the Wuhan bat garbage virus
Ill welcome the corona virus so my immune system is up to date to deal with all the evil communists that have to impose on others.
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