“Pfizer Vaccine Prevents Over 90% of Corona” … Dizzying Exit from New York Stock Market



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On the 9th (local time), a large American pharmaceutical company, Pfizer, announced that the new vaccine against coronavirus infection (Corona 19) being developed by a German pharmaceutical company Bio & Tech showed an effectiveness of more than 90% in the prevention of Corona 19. Pfizer decided to apply for emergency use approval with the Food and Drug Administration (FDA) later this month.

Thanks to the anticipation of this vaccine, the Dow index of the New York Stock Exchange was 4.36% compared to the previous trading day and the Standard & Poor’s (S & P500) index was 3.22% at 10:30 a.m. EDT the same day (0: 3 a.m. KST). , The NASDAQ index soared 1.65%. Pfizer’s stock price also rose to 8% during the day. Major European equity markets such as the UK, France and Germany also show a 4-6% increase during the week.

Pfizer and Bio & Tech have been conducting phase 3 clinical trials since July this year and have been vaccinated twice with 44,000 people in 6 countries, including the United States. About half of them, 22,000 people, received a sham vaccine (placebo).

As a result of the interim analysis, 94 of all subjects were infected with Corona 19. More than 90% of these people received placebo. That means that less than 10% of the actual vaccinated people are infected. Although it is an interim analysis, it exceeds the 50-75% level that experts expected of the effectiveness of the Corona 19 vaccine. The preventive effect of more than 90% is similar to the measles vaccine for children widely used throughout the world. world, according to the New York Times (NYT). Currently, the FDA requires clinical trials in at least 30,000 people and more than 50% preventive effect for approval of the vaccine. Since Pfizer’s vaccine meets these criteria, it is likely that it can be licensed. The two companies hope to be able to manufacture between 15 and 20 million vaccines by the end of this year if the approval process goes well. Bill Gruber, senior vice president of Pfizer, told The Associated Press: “We are in a position to offer hope. It is very encouraging.” “Corona 19 can be controlled,” said Ugur Sahin, CEO of Bio & Tech. “Initially we expected the vaccine to be 60-70% effective, but it is surprising that more than 90% has been shown.” “The victory of science”. So far, Russia and China have claimed to have developed their own vaccines. Western medical experts did not make much of a contribution to the fight against Corona 19 by questioning safety and efficacy. However, as renowned pharmaceutical companies from the United States and Germany, which are world-class medical powers, participated, there is great hope that this vaccine will act as a breakthrough in the situation where the cumulative number of confirmed cases in the world exceeds 50 million.

US President-elect Joe Biden said in a statement that day, “Congratulations to the wonderful women and men (who have participated in the development of the vaccine) for helping this advance and giving us a basis for hope.” However, the reality in the United States, where the cumulative number of confirmed cases exceeded 10 million with just vaccines, has not changed. “Even if some Americans get the vaccine later this year, all Americans must comply with quarantine measures, such as wearing a mask for their own safety, distancing themselves, and washing their hands for next year.” US President Donald Trump wrote on Twitter that “ stock market surge, vaccine coming, 90% effective report, really great news. ”

Journalist Jo Yu-ra [email protected]

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