Its combination COVID-19/influenza vaccine fell short of one of its endpoints in a late-stage clinical trial. The U.S. pharmaceutical giant is developing the jab with its European partner BioNTech.
In trading on Friday, shares of Pfizer were yielding above the 6% mark based on its quarterly dividend (annualized to $1.68), with the stock changing hands as low as $27.85 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return.
Shares of Pfizer (PFE) and American depositary receipts (ADRs) of BioNTech (BNTX) dropped in intraday trading Friday following disappointing results from a late-stage study of the drugmakers' combined COVID-19 and flu vaccine in adults.
Pfizer Inc. PFE, -0.59% and BioNTech SE BNTX, +2.83% said Friday a Phase 3 trial of their COVID-19-influenza vaccine candidate met one of its two objectives. The companies said the candidate showed “comparable” responses against the SARS-CoV-2 virus when compared with their licensed COVID-19 vaccine, which was one objective.
With Pfizer's sales rising in Q2, despite falling sales of Covid-19 products, we think that it may well be the turning point for Pfizer stock. It has seen a decline of 15% from levels of $35 in early January 2021 to around $30 now, vs.
Pfizer and BioNTech said a late-stage trial of their experimental mRNA vaccine to protect against influenza and COVID-19 found the combination shot failed to meet one of the study's two main goals and they are evaluating next steps.
Novo Nordisk and Eli Lilly currently dominate the weight loss market thanks to their leading glucagon-like peptide-1 (GLP-1) receptor agonists. Their diabetes and obesity care medications are administered via injection.
Results from a late-stage study show that Pfizer's (PFE) RSV vaccine generated strong neutralizing responses in immunocompromised adults after receiving a single dose.
Pfizer continues to transition to a strong future with reduced Covid drug sales. The biopharma has a strong lineup of new drugs whether via FDA approval or acquisition. The stock has a large dividend yield of 5.9%.
Pfizer Inc (NYSE:PFE, ETR:PFE) looks set to open higher Monday after it revealed that its late-stage trial for a Respiratory Syncytial Virus (RSV) vaccine showed strong neutralizing responses after a single dose in adults. The Phase 3 study tested Abrysvo against a placebo in people with immunocompromising conditions at risk for severe RSV-related lower respiratory tract disease.
Pfizer Inc. PFE, -0.73% said Monday a substudy of a Phase 3 trial of a treatment for immunocompromised adults aged 18 and older at risk of developing severe respiratory syncytial virus-associated lower respiratory track disease achieved positive safety and immunogenicity results. The trial is evaluating two doses of the drug company's Abrysvo vaccine in treatment adults at increased risk of developing RSV-LTRD, Pfizer said in a statement.
Pfizer said on Monday its respiratory syncytial virus (RSV) vaccine Abrysvo generated a strong immune response in a late-stage study of four groups of adults aged 18 and older with a compromised immune system.