WeiChyi
2021-12-01
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Pfizer Has Best Month in 30 Years After Leading Vaccine Race
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Pfizer is up about 46% so far this year, with its dividend boosting the total return to more than 50%.</p>\n<p>The last time Pfizer was this hot, George H.W. Bush was the U.S. president, 10-year Treasuries yielded more than 7.8%, AIDS was the virus striking fear in the public and Pfizer’s promising new drugs were Procardia to ease angina and Diflucan to combat fungal infections.</p>\n<p>The company behind one of the world’s best-selling vaccines was spurred to new heights this week as investors contemplated an ongoing need for shots and boosters to counter the new omicron Covid-19 variant. Pfizer is racing to test its current vaccine against omicron and, if needed, could develop a new shot within 100 days, according to Chief Executive Officer Albert Bourla.</p>\n<p>The pharmaceutical company and its partner BioNTech SE were the first to secure a U.S. authorization for a Covid-19 vaccine. Pfizer is also awaiting a regulatory update on a pill to treat early cases of the disease. 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