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Can Pfizer and Moderna return to their pandemic highs?

Can Pfizer and Moderna return to their pandemic highs?
September 22, 2023
Can Pfizer and Moderna return to their pandemic highs?

Novak Djokovic may well have already surpassed his recent record-equalling 24th grand slam singles title if he had opted to take a Covid-19 jab and avoided bans at earlier tournaments due to his vaccination status. But the tennis gods clearly have a sense of mischief. Irony doesn’t begin to describe the fact that Moderna (US:MRNA) – one of the 'official corporate supporters' of the championship – sponsored ESPN's 'Shot of the Day' segment at the US Open.

The pharmaceutical and biotechnology group took its original decision to back the tournament as a means of raising awareness over the benefits of messenger RNA (mRNA) therapies beyond treating the coronavirus. The group’s evangelism on this front seems justified given a recent late-stage trial which showed that its influenza vaccine elicited a better immune antibody response than existing products on the market, and Moderna isn’t the only entity looking to exploit the seasonal nature of the illness.

It was well before Covid-19 was beginning to take hold, back in August 2018 that Pfizer (US:PFE) signed a collaboration agreement with Germany’s BioNTech (US:BNTX) to develop mRNA-based flu vaccines. One candidate is now at the phase three trial stage, the point at which an earlier version of Moderna’s alternative vaccine, dubbed mRNA-1010, failed to meet the clinical threshold necessary to declare interim success – as we all know, clinical trials tend to be convoluted affairs.

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