Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Pfizer/BioNTech, Moderna expect data on shot's protection against new COVID-19 variant soon

Stock MarketsNov 27, 2021 02:40AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. FILE PHOTO: Empty vials of the "Comirnaty" Pfizer-BioNTech COVID-19 vaccine are seen inside a waste package at a coronavirus disease (COVID-19) vaccination center in Madrid, Spain, November 24, 2021. REUTERS/Sergio Perez/File Photo

By Ludwig Burger

FRANKFURT (Reuters) - BioNTech SE (NASDAQ:BNTX) said on Friday it expects more data on a worrying new coronavirus variant detected in South Africa within two weeks to help determine whether its vaccine produced with partner Pfizer Inc (NYSE:PFE) would have to be reworked.

Pfizer and BioNTech said that if necessary they expect to be able to ship a new vaccine tailored to the emerging variant in approximately 100 days.

"We understand the concern of experts and have immediately initiated investigations on variant B.1.1.529," BioNTech said in a statement when asked to comment.

"We expect more data from the laboratory tests in two weeks at the latest. These data will provide more information about whether B.1.1.529 could be an escape variant that may require an adjustment of our vaccine if the variant spreads globally," it added.

Moderna (NASDAQ:MRNA) Inc said in a statement it is working to advance a booster candidate tailored to the new variant and has also been testing a higher dose of its existing booster and to study other booster candidates designed to protect against multiple variants.

"A booster dose of an authorized vaccine represents the only currently available strategy for boosting waning immunity," Moderna said in the statement.

Escape variants are those that elude the targeted immune response brought about by vaccination. Pfizer and BioNTech would be able to redesign their shot within six weeks and ship initial batches within 100 days, BioNTech added.

BioNTech ADRs gained 14.2% to close at $348 on Friday and Pfizer shares rose 6.1% to end at $54. Moderna gained 20.6% to close at $329.63.

Global authorities reacted with alarm on Friday to the new variant, with the EU and Britain among those tightening border controls as scientists sought to find out if the mutation was vaccine-resistant.

Pfizer and BioNTech have already created versions of their established mRNA-based vaccine - based on the original virus found in the Chinese city of Wuhan - to target the so-called Alpha and Delta variants, with clinical trials ongoing.

Those efforts are not meant to yield commercial products; the exercise is carried out to establish a routine with regulators that will help speed up any future vaccine relaunch.

Analysts at Evercore ISI said data from Qatar on another recent variant showed a high level of initial efficacy by current vaccines that faded significantly four months after dosing.

Johnson and Johnson said it is also closely monitoring emerging strains of COVID-19 and is testing the effectiveness of its shot against the new variant.

Pfizer/BioNTech, Moderna expect data on shot's protection against new COVID-19 variant soon
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (11)
Gershom Zvi
Gershom Zvi Nov 28, 2021 3:49AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Who gonna really control big farmas redesigning
Gershom Zvi
Gershom Zvi Nov 28, 2021 3:46AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Who gonna really control bog farms redesigning
Mox Mox
Mox Mox Nov 27, 2021 10:39AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
all big companies that n history have created their own demand. Last one is big Tech creating millions of gadgets and 'cloud' whatever you don't really need. Big oil and big tobacco did the same. Big Pharma has also been doing it for decades. Create your own demand. convince the world we need them. like apple zombies or addicted smokers
Tyler Phillis
Tyler Phillis Nov 27, 2021 10:39AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Cynical nonesense.
Gideon Koolen
Gideon Koolen Nov 27, 2021 10:35AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
big pharma laughing big time, another tens of billions of dollars coming their way
Al Ose
Al Ose Nov 27, 2021 7:07AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
I glass half full on this. Compsnies in main index funds have done well during covid. This wont change. Especially tech. There is a wall of money waiting to buy the bottom of this dip, which means the dip will be shallow.If a current vaccine turns out to be modestly successful against omnivron, that is a Santa Claus rally for the ages.
James Pattison
James Pattison Nov 27, 2021 7:07AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Just buy what nancy pelosi buys and youll do great
Mox Mox
Mox Mox Nov 27, 2021 7:07AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
what is she buying? besides female nappies
Puk Pups
Puk Pups Nov 27, 2021 6:16AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Panic in the markets was created artificially in order to get a discount on oil from OPEC! On Monday, IRAN will say that it is ready to be friends with the Americans and oil will be even cheaper! We sold our stocks at a high price and got a good discount due to false information about a new type of virus. China, the USA, Japan, .... today have problems due to high prices for oil, gas, fossil fuels, this all causes a high rise in inflation. That is how they decided to get a discount and stop the rise in prices, so that by the December meeting of the FRS did not take tough measures to curtail support measures for the US economy. The market and bankers want more money, and everyone is demanding the continuation of the banquet.
Roberta Garrett
Roberta Garrett Nov 27, 2021 6:16AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
what is false about data on new varient and will you cite your sources? And can other fact check your sources with going down rabbit holes? Honest question.
Tyler Phillis
Tyler Phillis Nov 27, 2021 6:16AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Roberta Garrett you’re reading his unsupported claim on a message forum frequented by the least qualified. Are you serious?
Aleksandr Radchenko
Aleksandr Radchenko Nov 27, 2021 4:48AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
there is still no information about this mutation. maybe this mutation will make the virus less dangerous. if the virus looks like a common cold, then the pandemic is over. no one gets vaccinated against the common cold. in 2 weeks, many here will ****their elbows and regret that they sold in panic.
James Pattison
James Pattison Nov 27, 2021 4:48AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
The natural progression of viral mutation is to become less deadly and more transmissable… but this is a weaponized virus… who knows what the chicom government cooked up for the world
Devin Nathaniel
Devin Nathaniel Nov 27, 2021 2:53AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
once again global elite manipulation
Al Ose
Al Ose Nov 27, 2021 2:53AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
How so?
Roger Miller
Roger Miller Nov 26, 2021 8:37PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
So much panic when so little is known about it yet. Remember, new variants will keep popping up, it will never be erradicated. If they follow the evolutionary science they will become more transmissable but less deadly, with most people eventually developing natural antibodies to it, no different than a common cold virus. We are only slowing that process.
S S Shet
pingo_0070 Nov 26, 2021 8:37PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
bang on ... looks like these new covid strains are the new market manipulators..
Michael Angelo
Michael Angelo Nov 26, 2021 5:31PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Any doubt that this thing is serious. Go and get vaccinated. NOW. 🧐
Jose Cabreja
Jose Cabreja Nov 26, 2021 4:45PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
🤡🤡🤡
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email