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	156,180.94 423.57M	0.51% 796.43
ALLSHR	95,690.82 1,354.89M	0.59% 557.25
KSE30	47,714.39 199.12M	0.52% 247.40
KMI30	229,722.09 134.66M	0.91% 2076.87
KMIALLSHR	64,420.07 581.33M	0.83% 532.01
BKTi	41,969.52 122.61M	0.50% 207.74
OGTi	31,991.76 10.82M	1.18% 372.62

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	116,920.00	117,335.00 114,960.00	1345.00 1.16%
BRENT CRUDE	68.41	68.69 67.01	0.97 1.44%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-0.40 -0.47%
ROTTERDAM COAL MONTHLY	93.35	93.50 93.15	0.50 0.54%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	64.48	64.76 62.89	1.18 1.86%
SUGAR #11 WORLD	15.88	16.10 15.82	-0.12 -0.75%