Daily Trade News

Pfizer-BioNTech COVID-19 vaccine wins full U.S. FDA approval By



© Reuters. FILE PHOTO: A vial labelled with the Pfizer-BioNTech coronavirus disease (COVID-19) vaccine is seen in this illustration picture taken March 19, 2021. REUTERS/Dado Ruvic/Illustration

By Carl O’Donnell and Manas Mishra

(Reuters) -The U.S. drug regulator on Monday granted full approval to the Pfizer (NYSE:) Inc/BioNTech SE COVID-19 vaccine – the first to secure such Food and Drug Administration validation – prompting President Joe Biden to made a fresh pitch to vaccine skeptics to get the shot to fight the relentless pandemic.

The FDA, which gave the two-dose vaccine emergency-use authorization in December, gave its full approval for use in people age 16 and older based on updated data from the companies’ clinical trial and manufacturing review. Public health officials hope the action will convince unvaccinated Americans that Pfizer’s shot is safe and effective.

There is entrenched vaccine skepticism among some Americans, particularly conservatives. COVID-19 cases, driven by the highly infectious Delta variant, have surged in parts of the United States with lower vaccination levels.

Speaking at the White House, Biden called the FDA approval “an important moment in our fight against the pandemic” and urged more private businesses to require employees to be vaccinated.

“If you’re one of the millions of Americans who said that they will not get the shot until it has full and final approval of the FDA, it has now happened,” Biden said.

“It’s time for you to go get your vaccination. Get it today,” Biden added. “… There is no time to waste.”

The Pentagon said it is preparing to make the vaccine mandatory for U.S. military personnel. U.S. health officials expect that the FDA’s full approval also will prompt more state and local governments, as well as private employers, to impose vaccine mandates.

“While millions of people have already safely received COVID-19 vaccines, we recognize that for some, the FDA approval of a vaccine may now instill additional confidence to get vaccinated,” said Janet Woodcock, the FDA’s acting commissioner.

More than 204 million people in the United States have received the Pfizer vaccine. The FDA’s approval extends the shelf life of Pfizer shots from six months to nine months. It also confirms that the vaccine increases risk of heart inflammation, particularly among young men in the week following their second shot.

The approval makes it easier for physicians to prescribe a third dose of Pfizer’s vaccine off-label for people who may benefit from additional protection against COVID-19.

Pfizer shares were up around 2.5% and BioNTech shares were up more than 10%.

The two other COVID-19 vaccines given emergency-use authorization – made by Moderna (NASDAQ:) Inc and Johnson & Johnson (NYSE:) – have not yet received full FDA approval.

The FDA gave emergency-use authorization to Pfizer’s vaccine for people age 16 and older in December – making it the first shot to gain such backing in the United States…



Read More: Pfizer-BioNTech COVID-19 vaccine wins full U.S. FDA approval By