- Scientific outlet Stat explains that Pfizer's vaccine success is promising for three other efforts.
- Approval of other vaccines would hasten the distribution of immunization.
- The stock market rally may have considerable room to run.
A COVID-19 vaccine is at hand – the earth-shattering news from Pfizer and BioNTech has sent markets surging. Immunization efforts have been in the works for many months and the world was hopeful for a breakthrough before the end of the year. Nevertheless, the announcement is a massive development.
The pharma firms say that the vaccine is 90% effective in preventing infections and has no safety issues after conducting a 43,500-strong Phase 3 trial. Pfizer has not been waiting for the results to begin producing doses, with some countries are already pre-ordering them. However, production bottlenecks and freezing storage temperatures may have
Investors may ask themselves – is everything already priced in? Probably not.
Scientific publication STAT has provided details on the groundbreaking development which consists of a critical factor. They say that the efforts by AstraZeneca, Modena Johnson use a similar approach – a pre-fusion spike as their immunogen – which means a high probability of success for their efforts as well.
Here is a tweet by Helen Branswell, senior writer and expert on infectious diseases with Stat:
2. It is also a really promising sign for the multiple other #Covid19 vaccines coming up behind Pfizer, as this statement from @CEPIvaccines points out. They all target the same protein on the #SARSCoV2 virus. Looks like it is a solid approach. pic.twitter.com/AoSVK9KBHm
— Helen Branswell (@HelenBranswell) November 9, 2020
If all four covid vaccines receive emergency approvals, they could all begin distributing their solutions to the world rapidly. Shortening the time-to-market would allow economies a quicker return to the old, pre-pandemic, normal.
For investors, that means the market rally has more room to run with every such approval. Pfizer is the winner in the race, but the others may be winners as well – and so could humanity and stock bulls.
Update: Dr. Anthony Fauci, the NIH Director, has said that Moderna's vaccine may yield similar results to that of Pfizer.
More Pfizer jumps after covid vaccine news, but is vulnerable to competition
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.
Latest Forex Analysis
Editors’ Picks
EUR/USD holds onto highs despite souring mood
EUR/USD is trading above 1.22 but off the highs. US Durable Goods Orders jumped by 3.4% in January, better than expected, and jobless claims surprised with a fall to 730K. Q4 GDP upgraded to 4.1%, as expected. The dollar is down despite falling stocks and rising US yields.
XAU/USD drops further to $1770 ahead of critical support
Gold dropped further during the American session and bottomed at $1769, the lowest level since last Friday. The metal erased weekly gains and is back below $1780 as US yields keep rising.
S&P 500: Day Ahead Outlook Inflation fears linger as doves hit turbulence
US equity markets look for direction on Thursday with mixed signals leading to steady and slightly lower trade. Inflation concerns haven't gone away as the US 10 year hits another year high at nearly 1.5%.
Crypto bull run on track amid surge in US inflation expectations
The crypto bull run has taken a breather after the gruesome drop in value at the beginning of this week. Bitcoin led the freefall, dropping from $58,000 to $45,000. Generally, all cryptocurrencies retraced and are now holding above key support levels to prepare for another upswing to new yearly highs.
US Dollar Index remains depressed below 90.00
The greenback manages to bounce off weekly lows near 89.70, although it keeps navigating a sea of red when gauged by the US Dollar Index (DXY).