Pfizer Inc. (PFE stock) vaccine price gives it an edge over other pharmaceutical stocks

  • NYSE: PFE is falling again, responding to coronavirus vaccine competition.
  • Pfizer Inc's cheaper immunization cost may help it get an edge. 
  • A COVID-19 vaccine distribution pilot in four states could also help the firm gain traction. 

Being first does not mean staying on top – Pfizer Inc (NYSE: PFE) and BioNTech SE (BNTX)  stunned the world by announcing 90% efficacy in their COVID-19 vaccine candidate. However, as discussed at the time, other initiatives were breathing down its neck – and using the same Messenger RNA technology.

Pfizer CEO Abert Bourla and BioNTech CEO  Uğur Şahin had little time to celebrate. Exactly a week after the big news, Moderna Inc (NASDAQ: MRNA) released its own preliminary results showing an efficacy rate of 94.5%, beating Pfizer. That is only one advantage that Moderna CEO Stephane Stéphane Bancel has over his rivals.

See MRNA Stock News: Moderna has room to rally as coronavirus vaccine has five advantages over Pfizer's

Other coronavirus stocks may also outshine NYSE: PFE when the pharmaceutical firms behind them publish results from their Phase 3 immunization trials. AstraZeneca (LON: AZN) and Johnson & Johnson (NYSE: JNJ) also use mRNA technology to teach the body how to fight covid. 

Nevertheless, the Pfizer/BioNTech solution has one significant advantage over Moderna and perhaps other coronavirus contenders – cost. According to the Guardian, Pfizer's price tag is around £30 for two doses, while Moderna's solution is set to cost up to £45 for the same treatment. That could mark a difference for governments aiming to vaccinate large populations. 

Another edge that the New York-based pharma giant could have is an early distribution pilot. It will begin shipping doses to four distinct American states – Rhode Island, Tennessee, Texas, and New Mexico. Working with different types and densities of the population will help the firm down the road.


NYSE: PFE is down around 2.8% on Tuesday, extending its falls from Monday, when Moderna came out with its news. At the time of writing, shares are changing hands at just above $36. It has pared its gains triggered by its own covid vaccine announcement. Support awaits at $35 and resistance at around $40.

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.

Feed news

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD rises above 1.21 amid better market mood

EUR/USD has been extending its gains, recapturing 1.21 as the market mood improves. The German ZEW Economic Sentiment beat estimates with 61.8 points. Treasury Secretary nominee Janet Yellen's testimony is awaited.


GBP/USD clings to 1.36 ahead of Yellen's testimony

GBP/USD is edging above 1.36 as markets eagerly Treasury Secretary nominee Janet Yellen's testimony. The UK parliament is set to process the Brexit deal as Britain ramps up its vaccination campaign.


Gold recovers further from multi-week lows, climbs to $1845 region

Gold gained positive traction for the second consecutive session on Tuesday. A modest USD pullback was seen as a key factor that benefitted the metal. The risk-on mood, rallying US bond yields might cap gains for the commodity.

Gold news

Breaking: Ethereum explodes to new yearly high, validating upward price action

Ethereum has ascended to new yearly highs after breaking the recent peak achieved in January. The flagship altcoin is trading at $1,372 amid the push for gains eyeing $1,400. 

Read more

US Dollar Index: Downside pressure alleviated above 91.00

DXY met sellers in the 91.00 neighbourhood on Monday and now retreats to the 90.50 region on turnaround Tuesday.

US Dollar Index News