Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Top Stories > Pfizer says antiviral pill cuts risk of severe COVID-19 by 89%
    Top Stories

    Pfizer says antiviral pill cuts risk of severe COVID-19 by 89%

    Pfizer says antiviral pill cuts risk of severe COVID-19 by 89%

    Published by Jessica Weisman-Pitts

    Posted on November 5, 2021

    Featured image for article about Top Stories

    By Deena Beasley

    (Reuters) -A trial of Pfizer Inc’s experimental antiviral pill for COVID-19 was stopped early after the drug was shown to cut by 89% the chances of hospitalization or death for adults at risk of developing severe disease, the company said on Friday.

    The results appear to surpass those seen with Merck & Co Inc’s pill, molnupiravir, which was shown last month to halve the likelihood of dying or being hospitalized for COVID-19 patients also at high risk of serious illness.

    Full trial data is not yet available from either company.

    “Just stunning results,” Ashish Jha, dean of the Brown University School of Public Health, said in a Twitter post https://twitter.com/ashishkjha/status/1456598629599354886?s=20 of Pfizer’s results. “Implications of effective therapeutics for ending the pandemic are very, very large.”

    Shares in Pfizer, which also makes one of the mostly widely used COVID-19 vaccines, surged 11% to $48.55, while those of Merck fell 8.5% to $82.80. Shares of other vaccine makers also took a hit, with Moderna Inc, Pfizer’s German partner BioNTech SE and Novavax all down 10-15%.

    Meanwhile, travel stocks rose, with American Airlines, United Airlines, Delta Air Lines, cruise operators Carnival Corp and Norwegian Cruise rising between 5.6% and 5.9%.

    Pfizer said it planned to submit interim trial results for its pill, which is given in combination with an older antiviral called ritonavir, to the U.S. Food and Drug Administration (FDA) as part of the emergency use application it opened in October.

    That filing is expected to be submitted before the U.S. Thanksgiving holiday on Nov. 25, Pfizer Chief Executive Albert Bourla said in an interview with CNBC.

    The combination treatment, which will have the brand name Paxlovid, consists of three pills given twice daily.

    The planned analysis of 1,219 patients in Pfizer’s study looked at hospitalizations or deaths among people diagnosed with mild to moderate COVID-19 with at least one risk factor for developing severe disease, such as obesity or older age.

    It found that 0.8% of those given Pfizer’s drug within three days of symptom onset were hospitalized and none had died by 28 days after treatment. That compared with a hospitalization rate of 7% for placebo patients. There were also seven deaths in the placebo group.

    Rates were similar for patients treated within five days of symptoms – 1% of the treatment group was hospitalized, compared with 6.7% for the placebo group, which included 10 deaths. Bourla said that works out to being 85% effective.

    The data compared favorably to Merck’s oral antiviral in a similar patient population, Cantor Fitzgerald analyst Louise Chen said in a note, but added that Merck was in the lead with the launch of its pill and expects an FDA decision before the end of the year.

    A panel of outside experts to the FDA is scheduled to meet Nov. 30 to discuss Merck’s pill, which was approved by British regulators in a world first on Thursday.

    With COVID-19 still circulating widely and current therapeutic options requiring access to a healthcare facility, antiviral treatments that can be taken at home to keep people out of the hospital are critically needed, Chen said.

    Antivirals need to be given as early as possible, before an infection takes hold in order to be most effective. Merck tested its drug within five days of symptom onset.

    “This means that we have time to treat people and really provide a benefit from a public health perspective,” Annaliesa Anderson, head of the Pfizer program, told Reuters.

    The company did not detail side effects of the treatment, but said adverse events happened in about 20% of both treatment and placebo patients. Ritonavir’s possible side effects include nausea and diarrhea.

    White House Chief of Staff Ronald Klain said the https://twitter.com/WHCOS prospect of an antiviral this effective along with rollout of vaccines for children between the age of 5 and 11 underway could be a turning point week in fight against COVID-19. Klain cautioned that the pill still needed to be reviewed by the FDA.

    “These data suggest that our oral antiviral candidate, if approved by regulatory authorities, has the potential to save patients’ lives, reduce the severity of COVID-19 infections, and eliminate up to nine out of ten hospitalizations,” Bourla said in a statement.

    Pfizer said it was currently expecting to produce more than 180,000 packs by the end of 2021 and at least 50 million packs by the end of 2022, of which 21 million would be produced in the first half.

    Infectious disease experts stress that preventing COVID-19 through wide use of vaccines remains the best way to control the pandemic, but only 58% of Americans are fully vaccinated and access in many parts of the world is limited.

    Pfizer’s drug, part of a class known as protease inhibitors, is designed to block an enzyme the coronavirus needs to multiply.

    Merck’s molnupiravir has a different mechanism of action designed to introduce errors into the genetic code of the virus. Merck has already sold millions of courses of the treatment to the United States, Britain and others.

    Pfizer is also studying whether its pill could be used by people without risk factors for serious COVID-19 as well as to prevent coronavirus infection in people exposed to the virus.

    (Reporting by Deena BeasleyAdditional reporting by Ankur Banerjee in BengaluruEditing by Anil D’Silva and Mark Potter)

    By Deena Beasley

    (Reuters) -A trial of Pfizer Inc’s experimental antiviral pill for COVID-19 was stopped early after the drug was shown to cut by 89% the chances of hospitalization or death for adults at risk of developing severe disease, the company said on Friday.

    The results appear to surpass those seen with Merck & Co Inc’s pill, molnupiravir, which was shown last month to halve the likelihood of dying or being hospitalized for COVID-19 patients also at high risk of serious illness.

    Full trial data is not yet available from either company.

    “Just stunning results,” Ashish Jha, dean of the Brown University School of Public Health, said in a Twitter post https://twitter.com/ashishkjha/status/1456598629599354886?s=20 of Pfizer’s results. “Implications of effective therapeutics for ending the pandemic are very, very large.”

    Shares in Pfizer, which also makes one of the mostly widely used COVID-19 vaccines, surged 11% to $48.55, while those of Merck fell 8.5% to $82.80. Shares of other vaccine makers also took a hit, with Moderna Inc, Pfizer’s German partner BioNTech SE and Novavax all down 10-15%.

    Meanwhile, travel stocks rose, with American Airlines, United Airlines, Delta Air Lines, cruise operators Carnival Corp and Norwegian Cruise rising between 5.6% and 5.9%.

    Pfizer said it planned to submit interim trial results for its pill, which is given in combination with an older antiviral called ritonavir, to the U.S. Food and Drug Administration (FDA) as part of the emergency use application it opened in October.

    That filing is expected to be submitted before the U.S. Thanksgiving holiday on Nov. 25, Pfizer Chief Executive Albert Bourla said in an interview with CNBC.

    The combination treatment, which will have the brand name Paxlovid, consists of three pills given twice daily.

    The planned analysis of 1,219 patients in Pfizer’s study looked at hospitalizations or deaths among people diagnosed with mild to moderate COVID-19 with at least one risk factor for developing severe disease, such as obesity or older age.

    It found that 0.8% of those given Pfizer’s drug within three days of symptom onset were hospitalized and none had died by 28 days after treatment. That compared with a hospitalization rate of 7% for placebo patients. There were also seven deaths in the placebo group.

    Rates were similar for patients treated within five days of symptoms – 1% of the treatment group was hospitalized, compared with 6.7% for the placebo group, which included 10 deaths. Bourla said that works out to being 85% effective.

    The data compared favorably to Merck’s oral antiviral in a similar patient population, Cantor Fitzgerald analyst Louise Chen said in a note, but added that Merck was in the lead with the launch of its pill and expects an FDA decision before the end of the year.

    A panel of outside experts to the FDA is scheduled to meet Nov. 30 to discuss Merck’s pill, which was approved by British regulators in a world first on Thursday.

    With COVID-19 still circulating widely and current therapeutic options requiring access to a healthcare facility, antiviral treatments that can be taken at home to keep people out of the hospital are critically needed, Chen said.

    Antivirals need to be given as early as possible, before an infection takes hold in order to be most effective. Merck tested its drug within five days of symptom onset.

    “This means that we have time to treat people and really provide a benefit from a public health perspective,” Annaliesa Anderson, head of the Pfizer program, told Reuters.

    The company did not detail side effects of the treatment, but said adverse events happened in about 20% of both treatment and placebo patients. Ritonavir’s possible side effects include nausea and diarrhea.

    White House Chief of Staff Ronald Klain said the https://twitter.com/WHCOS prospect of an antiviral this effective along with rollout of vaccines for children between the age of 5 and 11 underway could be a turning point week in fight against COVID-19. Klain cautioned that the pill still needed to be reviewed by the FDA.

    “These data suggest that our oral antiviral candidate, if approved by regulatory authorities, has the potential to save patients’ lives, reduce the severity of COVID-19 infections, and eliminate up to nine out of ten hospitalizations,” Bourla said in a statement.

    Pfizer said it was currently expecting to produce more than 180,000 packs by the end of 2021 and at least 50 million packs by the end of 2022, of which 21 million would be produced in the first half.

    Infectious disease experts stress that preventing COVID-19 through wide use of vaccines remains the best way to control the pandemic, but only 58% of Americans are fully vaccinated and access in many parts of the world is limited.

    Pfizer’s drug, part of a class known as protease inhibitors, is designed to block an enzyme the coronavirus needs to multiply.

    Merck’s molnupiravir has a different mechanism of action designed to introduce errors into the genetic code of the virus. Merck has already sold millions of courses of the treatment to the United States, Britain and others.

    Pfizer is also studying whether its pill could be used by people without risk factors for serious COVID-19 as well as to prevent coronavirus infection in people exposed to the virus.

    (Reporting by Deena BeasleyAdditional reporting by Ankur Banerjee in BengaluruEditing by Anil D’Silva and Mark Potter)

    Related Posts
    Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    A Notable Update for Employee Health Benefits:
    A Notable Update for Employee Health Benefits:
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    Hebbia Processes One Billion Pages as Financial Institutions Deploy AI Infrastructure at Unprecedented Scale
    Hebbia Processes One Billion Pages as Financial Institutions Deploy AI Infrastructure at Unprecedented Scale
    Beyond Governance Fatigue: Making ESG Integration Work in Financial Markets
    Beyond Governance Fatigue: Making ESG Integration Work in Financial Markets
    Why I-9 Verification Matters for Financial Institutions: Building a Culture of Compliance and Trust
    Why I-9 Verification Matters for Financial Institutions: Building a Culture of Compliance and Trust
    Curvestone AI partners with The White Rose Finance Group to enhance compliance file reviews
    Curvestone AI partners with The White Rose Finance Group to enhance compliance file reviews
    LinkedIn Influence in 2025: Insights from Stevo Jokic on Building Authority and Trust
    LinkedIn Influence in 2025: Insights from Stevo Jokic on Building Authority and Trust

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    More from Top Stories

    Explore more articles in the Top Stories category

    Should You Take the Dealer’s Bike Insurance or Buy Online Yourself? Here’s the Real Difference

    Should You Take the Dealer’s Bike Insurance or Buy Online Yourself? Here’s the Real Difference

    ID-Pal Unveils ID-Detect Enhancements to Counter Surge in Digital Manipulation and Deepfakes

    ID-Pal Unveils ID-Detect Enhancements to Counter Surge in Digital Manipulation and Deepfakes

    TRUST TAKES THE LEAD: HALF OF UK SHOPPERS HAVE ABANDONED ONLINE PURCHASES OVER SECURITY CONCERNS

    TRUST TAKES THE LEAD: HALF OF UK SHOPPERS HAVE ABANDONED ONLINE PURCHASES OVER SECURITY CONCERNS

    Why Choose Premium Driver Service in Miami Over Rideshare Apps for Business Travel and Special Events?

    Why Choose Premium Driver Service in Miami Over Rideshare Apps for Business Travel and Special Events?

    Over 30 Million Users Benefit From Ant International’s Bettr Credit Tech Solutions

    Over 30 Million Users Benefit From Ant International’s Bettr Credit Tech Solutions

    Side-Hustle Economics: How Part-Time Service Work Can Strengthen Your Financial Plan

    Side-Hustle Economics: How Part-Time Service Work Can Strengthen Your Financial Plan

    London to Host Major Summit on “New Horizons” for Islamic Economy in the UK

    London to Host Major Summit on “New Horizons” for Islamic Economy in the UK

    BLOXX Launches World’s First Home Equity Subscription, Creating a New Residential Asset Class

    BLOXX Launches World’s First Home Equity Subscription, Creating a New Residential Asset Class

    LiaFi Addresses Gap Between Business Transaction and Savings Accounts

    LiaFi Addresses Gap Between Business Transaction and Savings Accounts

    Ant Group Chairman Eric Jing Outlines Strategy for Inclusive AI, Collaboration on Tokenised Settlement

    Ant Group Chairman Eric Jing Outlines Strategy for Inclusive AI, Collaboration on Tokenised Settlement

    Deeply Cultivating the Syndicated Loan and Cross-Border Financing Fields: Empowering Chinese Banks’ Global Expansion with Professional Excellence

    Deeply Cultivating the Syndicated Loan and Cross-Border Financing Fields: Empowering Chinese Banks’ Global Expansion with Professional Excellence

    Ant International’s Antom Launches AI‑Powered MSME App for Finance and Business Operations

    Ant International’s Antom Launches AI‑Powered MSME App for Finance and Business Operations

    View All Top Stories Posts
    Previous Top Stories PostBiden’s sweeping infrastructure, social spending bills finally get a vote
    Next Top Stories PostJapan household spending falls, but year-end outlook less gloomy