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Pfizer’s vaccine news buoyed the American stock market. The United States is the world’s largest epidemic area with more than 10.2 million cases – Photo: REUTERS
In a statement issued on September 11, the pharmaceutical company Pfizer (US) and BioNTech (based in Germany) said that the COVID-19 vaccine jointly developed by these two companies was up to 90% effective in the period. 3 human trials.
This is also the last stage of testing before obtaining the license and putting it into mass production.
CNN cited preliminary test results that said the vaccine was effective 7 days after the volunteers received a second dose and 28 days after the first dose.
A total of 43,000 volunteers participated in the trial and received 2 doses, either an experimental vaccine or a placebo for the control.
Pfizer and BioNTech await the vaccine will be cleared by U.S. officials emergency use Large scale for people from 16 to 85 years old. To do that, these companies must provide data showing that vaccines are safe with at least 50% of the 43,000 volunteers participating.
If licensed, the two companies claim they can produce 50 million doses of vaccines by the end of this year and 1.3 billion doses by 2021.
However, there are some transportation challenges as the COVID-19 vaccine must be stored in freezing temperatures below -80 degrees Celsius.
The stock market reacts positively
Immediately following the above information, Pfizer’s shares on the New York Stock Exchange were up 6%, while BioNTech’s shares were also up 18% in the US market.
Other major US market indices also received positive feedback and responded. The Dow Jones Industrial Average was up 5.6%, or 1,500 points, The S&P 500 also increased 4.5%, Nasdaq increased slightly 0.7%.
Asian and European stock markets also reacted positively in the first trading session of the week of September 11, but for other reasons. All of the major indices rose 1.5-2% before the US media identified Joe Biden as president-elect.
At the close of the first session of the week, the Nikkei 225 on the Tokyo Stock Exchange (Japan) rose by more than 2%, marking a record in 29 years. The Topix index rose 23.41 points, or 1.41%, to close at 1,681.90 points.
The rally was recorded in most of the major Asian exchanges, from Hong Kong, Shanghai (China) to Sydney (Australia) and Singapore.
Biden announced the specialized team in fighting the epidemic
In response to the positive news from Pfizer and BioNTech, President-elect Joe Biden expressed his appreciation to the volunteers who participated in the vaccine trial. However, he cautions that while the vaccine gives the United States more hope, there is still a long battle ahead.
In other related developments on the same day, Biden also announced the identities of three scientists who will lead the COVID-19 anti-epidemic team when it enters the White House.
