Moderna Stock Slips As Fauci Cautions Booster May Not Be Ready By Sept. 20 Deadline
Moderna (MRNA Get Moderna, Inc. Report shares edged lower Tuesday after White House chief medical advisor Anthony Fauci cautioned that the rollout of the drugmaker's COVID-19 booster shots could be delayed.
Fauci told CBS’ “Face the Nation” Sunday that only the Pfizer (PFE Get Pfizer Inc. Report vaccine booster may get Food & Drug Administration (FDA) and Centers for Disease Control and Prevention (CDC) approval in time for a rollout the week of Sept. 20. Moderna asked for formal authorization of its booster shot last week, but has not completed its data submissions, Facui noted.
“Looks like Pfizer has their data in, likely would meet the deadline ... We hope that Moderna would also be able to do it, so we could do it simultaneously," he said on the show," Fauci said. "But if not, we’ll do it sequentially. So the bottom line is, very likely, at least part of the plan will be implemented, but ultimately the entire plan will be."
Moderna shares were marked 1.1% lower in pre-market trading Tuesday to indicate an opening bell price of $412.00 each. Pfizer shares edged 0.45% higher to $47.05 each while Johnson & Johnson slipped 0.38% to $174.37 each.
The U.S. plans to begin distributing COVID booster shots around the third week of September, with those protected by imessenger RNA vaccines made by Moderna and Pfizer receiving a third dose, while those protected by the Johnson & Johnson (JNJ Get Johnson & Johnson (JNJ) Report vaccine receiving a second.
Coronavirus cases in the country have surpassed 40 million on Tuesday as a surge in the highly infectious delta variant races through the unvaccinated population.
A third dose of the Moderna vaccine -- given six months after the initial two doses -- significantly boosts immunity, according to data the company submitted to the FDA last Wednesday.
The FDA and the CDC have already recommended a third dose of both the Pfizer and Moderna vaccines for some immunocompromised people.
