The U.K. government will buy more COVID-19 antiviral pills from Pfizer Inc PFE and Merck & Co Inc MRK as it seeks to combat the surge in omicron infections.
- Britain has secured an additional 1.75 million courses of Merck’s drug, molnupiravir, and another 2.5 million courses of Pfizer’s paxlovid.
- Previously the U.K. had sourced 480,000 courses of molnupiravir and 250,000 courses of paxlovid.
- In November, Britain’s health regulator became the first in the world to approve molnupiravir, describing the treatment as safe and effective following a quick review.
- The drug is authorized in people with mild to moderate Covid and at least one risk factor for developing severe illness.
- Paxlovid has yet to be authorized by the U.K. Medicines and Healthcare Products Regulatory Agency.
- Price Action: MRK shares are up 0.34% at $75.80, PFE stock is down 0.29% at $58.78 during the premarket session on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in