Coronavirus: UK expected to approve Pfizer/BioNTech vaccine this week, acquires 2mln extra doses of Moderna jab

London is speeding up the processes to distribute the jabs, including bypassing EU authorities to issue an emergency authorisation

Pfizer - Coronavirus: UK expected to approve Pfizer/BioNTech vaccine this week, acquires 2mln extra doses of Moderna jab

The UK is expected to authorise the COVID-19 vaccine candidate developed by Pfizer Inc. (NYSE:PFE) and BioNTech this week.

Deliveries would begin within hours from the approval, with the first injections starting as early as December 7, the Financial Times reported.

Normally, the UK is subject to the decisions of the European Medicines Agency until Brexit takes place, however the country's Medicines and Healthcare Products Regulatory Agency can issue emergency approvals.

London has already booked 40mln doses of the jab, which was the first to announce the results of late-stage studies, with 95% efficacy proven.

Plumping the stock

On Sunday, the Department of Health and Social Care announced it has acquired another 2mln doses of the inoculation developed by Moderna Inc. (NASDAQ:MRNA), which also showed 95% efficacy in the final phase of clinical trials.

The UK now has secured 7mln doses of the vaccine, which is expected to be available in Europe in spring 2021, and now has a total of 357mln doses of vaccines from seven different developers.

They include 100mln of the Oxford jab produced by AstraZeneca PLC (LON:AZN), 60mln of the two jabs developed by Novavax, Valneva and Sanofi/GlaxoSmithKline PLC (LON:GSK) and 30mln for Johnson & Johnson's (NYSE:JNJ).

Westminster also appointed Nadhim Zahawi, a junior minister for Business and Industry, as the person responsible for the rollout.

Quick facts: Pfizer

Price: 36.64 USD

Market: NYSE
Market Cap: $203.77 billion

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...


Alpha Growth's BlackOak Alpha Growth Fund generates positive returns despite...

Alpha Growth PLC (LON:ALGW) (OTCQB: ALPGF) CEO Gobind Sahney tells Proactive the financial services specialist's BlackOak Alpha Growth Fund produced a 2020 calendar year return of 10.63% and a 13.71% total return since inception in September 2019. Sahney says given the challenges of 2020, its...

3 hours, 3 minutes ago

2 min read