financetom
Business
financetom
/
Business
/
COVID shots should target variants with JN.1 lineage in 2024-25 campaign, US FDA advisers say
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
COVID shots should target variants with JN.1 lineage in 2024-25 campaign, US FDA advisers say
Jun 5, 2024 12:51 PM

June 5 (Reuters) -

Advisers to the U.S. Food and Drug Administration on

Wednesday unanimously voted in favor of recommending that

COVID-19 vaccines for 2024-25 should target a strain within the

lineage of the JN.1 variant that have been dominant this year.

All 16 voting members of the panel recommended that FDA

ask companies target the JN.1 variant or a strain within its

lineage when the companies update their vaccines for fall

campaign.

Shares of Novavax ( NVAX ) were up 20% in afternoon

trade on Wednesday, while Moderna ( MRNA ) was up 4%. Pfizer ( PFE )

was marginally down.

COVID-19 vaccine makers earlier in the day said data

from animals studies showed their 2024-25 shots targeting the

JN.1 variant that was dominant earlier this year could

neutralize newer subvariants such as KP.2 much better than the

older shots.

Pfizer ( PFE ) and partner BioNTech will be ready to

supply their updated vaccines immediately upon approval, while

Moderna ( MRNA ) and Novavax ( NVAX ) forecast a timeline for August, the

companies said.

Pfizer ( PFE ) and Moderna ( MRNA ) said they are ready to supply vaccines

that target either JN.1 or KP.2. Novavax ( NVAX ) has said it would be

able to offer a vaccine in the United States this autumn if

regulators accept the shot it started manufacturing to target

the JN.1 variant.

Novavax ( NVAX ) makes a more traditional protein-based shot that

takes longer to manufacture, while vaccines based on messenger

RNA (mRNA) from Moderna ( MRNA ) and Pfizer ( PFE )/BioNTech can be developed

more quickly.

Pfizer ( PFE ) had earlier said it could make the shots in 100 days,

while Novavax ( NVAX ) on Wednesday said its vaccine generally requires

six months.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Domino's Pizza misses quarterly same-store sales estimates
Domino's Pizza misses quarterly same-store sales estimates
Feb 24, 2025
Feb 24 (Reuters) - Domino's Pizza on Monday missed market expectations for fourth-quarter same-store sales, hurt by stiff competition in the fast-food industry as consumers in the U.S. are wooed by value meals. The company reported a quarterly same-store sales rise of 0.4% in the U.S., compared with analysts' average estimate of a 1.63% rise, according to data compiled by...
Market Chatter: National Grid Sells US$1.7 Billion US Renewables Arm to Brookfield
Market Chatter: National Grid Sells US$1.7 Billion US Renewables Arm to Brookfield
Feb 24, 2025
06:10 AM EST, 02/24/2025 (MT Newswires) -- Britain's National Grid has reached a deal to sell its U.S. onshore renewables business to Canadian investment firm Brookfield Asset Management ( BAM ) for $1.74 billion including debt, it said on Monday, Reuters reported. (Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources. This information...
US manufacturers see higher metal prices as tariffs near
US manufacturers see higher metal prices as tariffs near
Feb 24, 2025
* Business activity index fell to 17-month low in February * Manufacturers that rely on steel revise financial forecasts due to tariffs * White House says tariffs give US metal producers breathing room, higher prices a 'natural result' By Timothy Aeppel Feb 24 (Reuters) - The price of the steel Glen Calder buys for his small machinery factory in South...
Stellantis Recalling 27,354 Maserati Vehicles in US Over Rearview Camera Issue
Stellantis Recalling 27,354 Maserati Vehicles in US Over Rearview Camera Issue
Feb 24, 2025
06:11 AM EST, 02/24/2025 (MT Newswires) -- Stellantis ( STLA ) is recalling 27,354 Maserati vehicles in the US amid concerns over a rearview camera image that doesn't display, which raises the risk of a crash, the National Highway Traffic Safety Administration said. The recall includes certain 2023-2024 Grecale, 2023-2025 MC20 Cielo, 2024 GranTurismo, GranCabrio, 2021-2024 Levante, Ghibli, Quattroporte, and...
Copyright 2023-2026 - www.financetom.com All Rights Reserved