CureVac stock drops more than 50% on news trial COVID vaccine 47% effective

Dow Jones2021-06-17

MW CureVac stock drops more than 50% on news trial COVID vaccine 47% effective

Claudia Assis

Shares of Curevac NV tanked more than 50% in the extended session Wednesday after the pharma company said its trial COVID-19 vaccine showed an efficacy of 47% against the illness.

Curevac's $(CVAC)$ messenger RNA-based vaccine would compete with similar vaccines from Pfizer and BioNTech as well as Moderna, which have shown efficacy above 90% and have already been distributed to millions of people across the globe.

-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com

$(END)$ Dow Jones Newswires

June 16, 2021 17:11 ET (21:11 GMT)

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VincentYeo
2021-06-17
VincentYeo
Good luck have fun

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