COVID Vaccine Makers Tackle Eris Variant with Updated Shots

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Source: Investor's Business Daily
COVID Vaccine Makers Tackle Eris Variant with Updated Shots
Photo: Investor's Business Daily
TL;DR Summary

Shares of Moderna and Pfizer experienced fluctuations after the companies announced that their updated Covid booster shots showed promise against the EG.5 and FL 1.5.1 variants. Moderna's booster generated antibodies capable of combating the FL 1.5.1 variant, which is surging in some areas. Pfizer, BioNTech, and Moderna plan to launch vaccines in September targeting the XBB.1.5 subvariant of omicron. Despite rising hospitalization rates, demand for vaccines remains crucial as sales have declined. Currently, only 17% of the U.S. population has received an updated booster shot.

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