😷 Covid-19 Vaccine – We’re There, Aren’t We?

Hope is a dangerous thing

Hey Global Investor, here’s what you need to know before the US markets open.

Market Snapshot 📈

S&P 500 (Tuesday Close) 3,545.53 −4.97 (0.14%)

NASDAQ (Tuesday Close) 11,553.86 −159.93 (1.37%)

FTSE 100 (5 PM IST) 6333.73 +36.88 (0.58%)

NIFTY 50 (Today’s Close) 12,749.15 +118.05 (0.93%)

USDINR (5 PM IST) 74.24 (1 Year +3.8%)

Covid-19 Vaccine – We’re There, Aren’t We?

Pfizer and BioNTech claim their COVID-19 vaccine, a two-dose schedule, is 90% effective.

Background: The world first heard of a deadly virus in Wuhan about eleven months back. Since then, the world has seen a lockdown, a first wave, entire economies beaten down, as well as a second wave that’s currently doing rounds. At long last, there was some good news this week, when pharmaceutical giant Pfizer and its German partner, BioNTech, announced preliminary results that showed their vaccine candidate was over 90% effective.

Hope sprang and lifted stock markets and public spirits alike. As Red says in The Shawshank Redemption, “Hope is a dangerous thing.” The vaccine news is still early and much remains unknown about how well it works. Let’s take stock of what we know and don’t know about the vaccine.

What Happened?  In the late-stage clinical trial involving 44,000  participants, 50% received the vaccine, and the remaining received saltwater placebo. 94 participants reported Covid-19 infection. Initial analysis from an independent board of experts suggests 90% effectiveness for the vaccine. The FDA has set a 50% efficiency for vaccine makers wanting emergency authorization. If the trial results hold in the real world, it is a good result.

Is the Pfizer vaccine safe?

The million-dollar question. So far, there are no reported serious concerns for this vaccine. If the vaccine receives emergency authorization, the FDA and CDC will closely monitor people for the smallest safety issues.

When will we get the vaccine?.

Pfizer expects to produce 30M to 40M doses before the year-end, and can ramp up production to 1.3B doses a year.

When will we “really” get it?

Once Pfizer requests emergency authorization later this month, it might be ready for administering to front-line Covid warriors by the year-end. That too only if there are no unforeseen delays.

What are the challenges?

Pfizer’s vaccine, which uses the messenger-RNA technology, has a short shelf life (~5 days) at normal refrigeration temperatures. It needs to be stored at -70°C to transport around the world, which is a huge logistical and distribution challenge. Building these super-cooled warehouses is cost-prohibitive. What that means for poorer economies and rural parts of the world is anyone’s guess.

Are there other vaccines in the pipeline?

There are ten other vaccines in late-stage trials around the world using different technologies.

Should we stop wearing masks now?

Please don’t. Public health experts believe an effective vaccine will only be accessible to the general public late next year. So, even if the news is encouraging, it doesn’t replace hygienic measures.

Market Reaction: Pfizer closed at $38.68, down 1.33%. On the other hand, BioNTech closed at $112.76, up 7.60%.

Company Snapshot 📈

PFE $38.68 -0.52 (1.33%)

BNTX $112.76 +7.96 (+7.60%)

Newsworthy 📰

  • Self-sufficient: Apple launches MacBook laptops powered by its own computing chips (AAPL -0.28%)
  • First Ones: Honda says will be first to mass produce level 3 autonomous cars (HMC +1.85%)
  • Coming Back Strong: Alibaba boasts $56 billion sales as post-virus Singles’ Day gets into full swing (BABA -8.26%)

Later Today 🕒

  • After Market Close: Reynolds Consumer Products Inc Earnings (REYN)

Fun Fact of The Day 🌞

Saudi Arabia has no rivers.

Disclaimer: The content of this article has been created and published by Winvesta India Technologies Pvt. Ltd., in order to ease the reader’s understanding of the subject matter. The information and/or content (collectively “Information”) provided herein is general information sourced through various news reports and does not constitute a research report or a research analysis. The Information is not intended to offer advice, target or solicit any particular customer or group of customers to buy or sell securities. 

Winvesta does not render any research or advisory services and provides a more detailed description of its services on its website and mobile application along with the terms and conditions published therein from time to time. While reasonable care has been exercised to ensure that the Information is adequate and reliable, no representation is made by Winvesta as to its accuracy or completeness and Winvesta, its affiliates, subsidiaries and employees accept no liability of whatsoever nature for any direct or consequential loss, including without limitation any loss of profits, arising from reliance on this Information. Neither Winvesta nor any of its affiliates are acting as an investment adviser, research analyst or in any other fiduciary capacity. Accordingly, reader’s are expected to undertake their own due diligence in consultation with their own advisors and are advised not to solely rely on the Information. Any such reliance shall be at the reader’s own risk. 

All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. There is always the potential of losing money when you invest in securities, or other financial products. Investors should consider their investment objectives and risks carefully before investing.

Start Building Your Global Portfolio Today

Download Winvesta App now to Get Started