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Moderna stock slid 1.5% in premarket trading

Tiger Newspress2021-11-30

Moderna stock slid 1.5% in premarket trading as Moderna CEO said vaccines likely less effective against Omicron.

The head of drugmaker Moderna said COVID-19 vaccines are unlikely to be as effective against the Omicron variant of the coronavirus as they have been previously, sparking fresh worry in financial markets about the trajectory of the pandemic.

"There is no world, I think, where (the effectiveness) is the same level . . . we had with Delta," Moderna Chief Executive Stéphane Bancel told the Financial Times in an interview.

"I think it's going to be a material drop. I just don't know how much because we need to wait for the data. But all the scientists I've talked to . . . are like 'this is not going to be good.'"

Vaccine resistance could lead to more sickness and hospitalisations and prolong the pandemic, and his comments triggered selling in growth-exposed assets like oil, stocks and the Australian dollar.

Bancel added that the high number of mutations on the protein spike the virus uses to infect human cells meant it was likely the current crop of vaccines would need to be modified.

He had earlier said on CNBC that it could take months to begin shipping a vaccine that does work against Omicron.

Fear of the new variant, despite a lack of information about its severity, has already triggered delays to some economic reopening plans and the reimposition of some travel and movement restrictions.

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评论12

  • Geee
    ·2021-12-01
    This is expected in a way but see how things go 
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  • ahoon
    ·2021-12-01
    Hopefully both vaccine can work
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  • Val準凖
    ·2021-12-01
    Aiyo..
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  • 来人
    ·2021-11-30
    No no no
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    • Gaga71
      Yes yes Yes
      2021-11-30
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  • kdcc
    ·2021-11-30
    Like pls. Thanks.. 
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  • koolgal
    ·2021-11-30
    Pfizer please keep our hopes up and come up with a good vaccine against Omicron!  Moderna please keep trying!  The Best of The Best Vaccine companies will put an all out effort to combat against Omicron! 🙏🙏🙏
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    • koolgal
      Yes I agree.
      2021-12-01
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    • koolgal
      Thanks
      2021-12-01
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    • 3f585b4d
      2021-12-01
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    查看更多 2 条评论
  • SquatMachine
    ·2021-11-30
    Didn't he say earlier it's good to go for 2022???
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    • Jinyyy
      Please check what credible source. The existing vaccine but they are working on new vaccine. Pfizer also working on new vaccine
      2021-11-30
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  • SteveGoh
    ·2021-11-30
    Like plseas 
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    • JeremyKok
      hi. please like and comment back. thank you.
      2021-12-01
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  • MartinOng
    ·2021-11-30
    Moderna drop. Pfizer up, pfizer seems can prevent Omicron. Pfizer will annouce soon?
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    • MartinOng
      Pfizerđid UP Moderna DOWN
      2021-12-02
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    • Tan123
      very suspicious
      2021-12-01
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    • PengsieX
      No one knows
      2021-11-30
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  • 財神發
    ·2021-11-30
    Like pls 
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    • JeremyKok
      hi. please like and comment back. thank you.
      2021-12-01
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    • SteveGoh
      Done
      2021-11-30
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  • Sonson89
    ·2021-11-30
    Down it goes then.. 😔
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  • AxelOng
    ·2021-11-30
    Ok then do a better dose
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