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Desmondsim
2021-12-01

Pfizer Has Best Month in 30 Years After Leading Vaccine Race

Pfizer Inc. closed out November trading with its best monthly advance in 30 years, as renewed virus

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%.\nThe 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.\nThe 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.\nThe 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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Pfizer Has Best Month in 30 Years After Leading Vaccine Race

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