FDA's Pfizer COVID vaccine approval means Moderna's just days away

Moderna's COVID-19 vaccine is easier to use

The Food & Drug Administration’s approval of the Pfizer-BioNTech's COVID-19 vaccine for emergency use is paving the way for Moderna, which may get the nod in a matter of days.

Continue Reading Below

“It is clear that if it had not been for Donald Trump’s personal leadership we would not be seeing a Pfizer vaccine and hopefully in the next week a Moderna approved vaccine,” said Health and Human Services Secretary Alex Azar during an interview with FOX Business’ Maria Bartiromo.

FIRST US VACCINE COULD BE GIVEN MONDAY: HHS ALEX AZAR

TickerSecurityLastChangeChange %
MRNAMODERNA INC.132.98+7.84+6.26%

Moderna shares rose on Friday, bucking the downtrend of the broader market. For the year, the stock has gained over 720%. FOX Business' inquires to the company were not immediately returned.

WALMART PREPS OVER 5,000 PHARMACIES FOR COVID-19 VACCINE

Azar also noted that while the profile of Moderna’s vaccine is similar to Pfizer’s it is more “flexible” on many fronts.

PFIZER'S CORONAVIRUS VACCINE: WHAT TO KNOW

TickerSecurityLastChangeChange %
PFEPFIZER INC.36.49+0.01+0.01%
BNTXBIONTECH SE105.43+2.20+2.13%

“The Pfizer and Moderna vaccine are both what are called messenger R&A vaccine, that is the vehicle used to create the immunogenicity. So very similar technological platforms but the Moderna vaccine doesn’t have the same cold chain storage requirements that the Pfizer one does and it also comes in a more flexible packaging size. We have a smaller number of doses. Everything about the Moderna one is more flexible and easier for us to administer than the Pfizer,” he explained.

CLICK HERE TO READ MORE ON FOX BUSINESS

As for the other vaccine players, HHS is monitoring their progress.

TickerSecurityLastChangeChange %
AZNASTRAZENECA PLC52.55+0.31+0.59%
JNJJOHNSON & JOHNSON161.78-0.59-0.36%

“We’re talking to AstraZeneca and J&J as they look forward to possible approval and get their phase 3 data hopefully in the near term.”

GET FOX BUSINESS ON THE GO BY CLICKING HERE