A glimpse into the future after the corona? This is the reason for the fall of vaccine manufacturers on Wall Street

Concerns about the spread of the corona omicron strain still exist and may remain with us for some time to come. So how did it happen that Moderna, a company that makes vaccines for Corona, and BioNTech, which also produced a vaccine together with Pfizer, fell by 25% last trading week?

In anticipation of the new trading week that will open today (Monday) around the world, Ynet is examining some of the stocks that particularly stood out in trading last week and the reasons behind their rises and falls.

Shares of Moderna (MRNA) stock completed last week a 16% decline in NASDAQ, this after results of a first human trial of the company’s seasonal flu vaccine, which is based on technology similar to its corona vaccine, indicated a similar effectiveness to the vaccine currently on the market.

To date, the company’s revenues have been based primarily on the vaccine that was approved and successfully distributed worldwide during the outbreak of the corona plague. The success of the vaccine has led to the hope that the use of mRNA technology, which is considered to be very advanced, will enable the development of effective vaccines for other diseases. Investors have reacted aggressively to the fact that the company’s current vaccine is not superior to the existing vaccine, which could harm the manufacturer’s economic future.

At the same time, the share of Biontech (BNTX) – which also produces a vaccine for the virus – fell by 25% last week on the Nasdaq. The corona omicron, which means that the company will probably not produce (and sell) a new and different vaccine than the one that exists today.

In addition, beyond the declines of modernity that may have affected the entire sector, a report by Harvard researchers claimed that the effectiveness of modernity’s vaccine is higher than that of biotech and Pfizer – which could hurt the company’s sales in the future.

Another reason that may be related to the declines of the two companies is a statement by the Vermont state senator and who previously tried to run for the presidency of the Democratic Party, Bernie Sederes, who attacked the huge profits of vaccine manufacturers in the shadow of the plague and called on them to share their vaccines with The world and “control their greed.”

This is obscene. Last week, 8 investors in Pfizer and Moderna became $ 10 billion richer as news about the Omicron variant spread. It’s time for these pharmaceutical companies to share their vaccines with the world and start controlling their greed. Enough is enough!

– Bernie Sanders (@SenSanders) December 5, 2021

By Editor

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