EMA to consider Omicron-directed vaccine as virus keeps mutating
Comirnaty developers Pfizer (NYSE: PFE) and BioNTech (Nasdaq: BNTX) have submitted to the European Medicines Agency for their Omicron-adapted variant.
Typically around two-thirds of coronavirus vaccines administered in European countries are from the US pharma giant and its German partner.
As countries prepare for colder weather, the ability of Pfizer and its rivals to produce effective Omicron-adapted variants will be crucial to sustaining market share.
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