Moderna and Novavax Stocks Are Tumbling Because Good News on a Covid Pill Is Bad News for Vaccines

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https://www.barrons.com/articles/moderna-stock-novavax-covid-vaccine-51633107009

Updated Oct. 1, 2021 1:38 p.m. ET / Original Oct. 1, 2021 12:53 p.m. ET

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Vaccine shaper stocks slid connected Friday aft Merck announced its oral Covid-19 antiviral pill chopped the hazard of hospitalization oregon decease by astir 50%.

While Merck’s bully quality paves the mode for turning the leafage connected the pandemic, it fueled fears that request for Covid-19 vaccines volition diminution successful upcoming months, impacting vaccine manufacturers and biotech companies processing their ain Covid-19 treatments.

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