Pfizer ends Covid-19 trial with 95% efficacy

MG News | November 18, 2020 at 06:10 PM GMT+05:00

0:00

November 18, 2020: Pfizer Inc said on Wednesday that final results from the late-stage trial of its COVID-19 vaccine showed it was 95% effective, adding it had the required two-months of safety data and would apply for emergency U.S. authorization within days.

The final analysis comes just one week after initial results from the trial showed the vaccine was more than 90% effective. Moderna Inc on Monday released preliminary data for its vaccine, showing similar effectiveness.

MARKET REACTION: Equity markets strengthened slightly on the news. Europe's STOXX 600 and U.S. S&P 500 e-mini futures both hit session highs. However, the moves were small compared to the jump after Pfizer's previous announcement. The reaction in European government bonds and in currencies was muted.

Pfizer shares rose 3% to $37.19 and U.S.-listed shares of partner BioNTech SE were up 8% at $94.80 in premarket trading.

Reuters

Related News

Name	Price/Vol	%Chg/NChg
KSE100	184,129.58 798.69M	-1.97% -3702.50
ALLSHR	110,763.73 1,266.28M	-1.85% -2087.96
KSE30	56,278.51 173.32M	-2.19% -1261.46
KMI30	259,907.89 102.57M	-2.03% -5380.16
KMIALLSHR	71,198.64 822.49M	-1.72% -1247.03
BKTi	53,693.69 102.25M	-2.59% -1425.61
OGTi	37,589.24 28.20M	-2.72% -1052.27

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	70,580.00	71,690.00 60,005.00	6785.00 10.64%
BRENT CRUDE	68.10	68.83 66.56	0.55 0.81%
RICHARDS BAY COAL MONTHLY	96.00	96.00 96.00	1.50 1.59%
ROTTERDAM COAL MONTHLY	102.75	103.25 101.30	2.25 2.24%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	63.50	64.58 62.20	0.21 0.33%
SUGAR #11 WORLD	14.14	14.30 14.07	-0.13 -0.91%