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why pfizer stock is falling

by Dr. Riley Funk Sr. Published 2 years ago Updated 2 years ago
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What happened

Shares of several top COVID-19 vaccine makers were sinking on Tuesday. Pfizer (NYSE: PFE) stock was down 2.7% as of 11:09 a.m. EDT. Shares of Pfizer's partner, BioNTech (NASDAQ: BNTX), were falling 7%. Moderna (NASDAQ: MRNA) stock was tumbling 5.4%. Novavax (NASDAQ: NVAX) was the biggest loser with its shares declining 8.1%.

So what

It's really not all that surprising that these stocks would give up much of the gains from Monday. FDA approval for the Pfizer-BioNTech vaccine was fully expected.

Now what

Pfizer, BioNTech, and Moderna hope to win EUAs for their vaccines in younger children within the next few months. The companies also will pursue full FDA approvals in these age groups. Novavax plans to file for EUA of its COVID-19 vaccine in the fourth quarter, with submissions in the U.K. and Europe coming even sooner.

The Motley Fool

Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community.

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FDA Says Strong Safety Data A Must For COVID-19 Vaccine Approval For Kids

The FDA said that clinical trials testing COVID-19 vaccines for children are expected to include a monitoring period of at least two months after half the participants get the shots to ensure safety. The comments come as vaccine makers race to submit clinical data seeking regulatory approval for vaccines in children below 12.

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COVID-19 vaccines hold strong against Delta, protection waning in older adults

Three U.S. studies suggest COVID-19 vaccines offer strong protection against hospitalization and death, even in the face of the highly transmissible Delta variant, but vaccine protection appears to be waning among older populations, especially among those 75 and older. U.S.

UPDATE 1-U.S. FDA may authorize COVID-19 vaccine for kids based on two months of safety data

U.S. heath regulators said children in clinical trials testing COVID-19 vaccines should be monitored for at least two months for side effects, suggesting that the agency is considering a quicker path to authorize the shot for emergency use than full approval. The U.S.

Pfizer News & Analysis

Disclosure of Voting results of AGM (Regulation 44 (3) of SEBI (LODR) Regulations, 201..

About Pfizer

Pfizer Ltd., incorporated in the year 1950, is a Large Cap company (having a market cap of Rs 27,918.70 Crore) operating in Pharmaceuticals sector. Pfizer Ltd. key Products/Revenue Segments include Pharmaceuticals, Sale of services and Scrap for the year ending 31-Mar-2021.

Pfizer Share Price Update

Pfizer Ltd. share price moved down by -0.24 % from its previous close of Rs 6,102.75. Pfizer Ltd. stock last traded price is 6,088.00

Trending in Markets

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