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BioNTech, Moderna Gain on Report of FDA’s Likely Nod for Booster

Tiger Newspress2021-08-12

BioNTech and Moderna stock rose in early trading on Thursday, on track to recover some of the previous session’s losses, following a report in the Wall Street Journal that the FDA could authorize Covid-19 booster shots for immunocompromised people.

BioNTech and Moderna were up 3.96% and 2% after plunging 14% and 15.6% in the previous session, respectively. Pfizer (NYSE:PFE), which shed 4% on Wednesday, was up 1%.

The WSJ reported that the Food and Drug Administration is nearing a decision to authorize booster shots for people with weak immunity amid a surge in new COVID cases because of the rapid spread of the delta variant.

There is growing evidence that two shots of the vaccines are inadequate for people with low immunity. Vaccine makers plan to approach the FDA this month or next for approval to their booster shots.

BioNTech, Moderna and Pfizer all closed lower Wednesday following news that Europe’s drug regulator is studying three new conditions reported by a small number of people after getting Covid-19 shots to assess if they may be possible side-effects.

The conditions were reported in patients who took the mRNA vaccines made by either Moderna or BioNTech-Pfizer.

Pfizer and BioNTech are collaborating on the research and marketing of their COVID-19 vaccine. Expenses and profit from the vaccine are split equally between Pfizer and BioNTech.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment63

  • Hkh
    ·2021-08-15
    Nice
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  • wallstreaks
    ·2021-08-13
    Yeah
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  • JasminC
    ·2021-08-13
    加油了!!
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  • YauDK
    ·2021-08-13
    Oh ye ye pls like and comment 
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    • Nez
      Done pls like and comment too
      2021-08-13
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  • sunshine138
    ·2021-08-13
    Why PFE not charge like a bull.Becoz.... Up 0.01 cents each time.... So freaking slow
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    • YauDK
      Oh ye Ye
      2021-08-13
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  • Cyn198
    ·2021-08-13
    Good news ! 
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    • Cyn198
      Hope can rise next week
      2021-08-15
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  • ahoon
    ·2021-08-13
    Ok
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  • Boo2020
    ·2021-08-13
    Pls like
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    • Nez
      Done pls like and comment too
      2021-08-13
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  • ArcherWG
    ·2021-08-13
    ?? 
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  • Cmtan
    ·2021-08-13
    Ok
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  • lewisleeks
    ·2021-08-13
    [Miser] [Miser] [Miser] 
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  • SP1980
    ·2021-08-13
    Gogogo
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  • 丰人
    ·2021-08-13
    Like.
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    • 丰人
      like
      2021-08-13
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    • SP1980
      gogogo
      2021-08-13
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  • HENRYCSC
    ·2021-08-13
    Good 
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  • MacB
    ·2021-08-13
    For the win!
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  • PorkChopRice
    ·2021-08-12
    Buy buy buy! [得意] [得意] [得意] 
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  • HOOI
    ·2021-08-12
    Overvalue
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  • WilliamTeo
    ·2021-08-12
    All the way
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    • Tenten
      Yeah
      2021-08-12
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