Pharmaceutical stocks rallied in morning trading.Pfizer,BioNTech SE,Eli Lilly,Merck,Moderna,AstraZeneca and Sanofi climbed between 0.5% and 3%.
Pfizer’s covid-19 vaccine for kids may not be FDA authorized before november.
Citi analyst Andrew Baum upgraded shares of Ely Lilly and Co to Buy and raised the price target.
Merck says its covid-19 antiviral pill is cctive against variants.
AstraZeneca buys rare disease drugmaker Caelum in potential $500 mln deal.
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