Corona Virus
Stay Safe, FollowGuidance
Fetching Location Data…
Bob Mason
Internet Banking app in a mobile phone screen.

The Latest

On Monday, the EU’s European Medicines Agency (“EMA”) recommended the authorization of the BioNTech/Pfizer Inc. vaccine.

An assessment report, with details of the EMA’s evaluation of Comirnaty, and the full risk management plan is due out in the coming days.

According to the EMA report, the recommendation was given for the following reasons:

  • Comirnaty offers a high level of protection against COVID-19.
  • The main trial showed that the vaccine has a 95% efficacy.
  • Most side effects are mild to moderate in severity and are gone within a few days.

The EMA decided that the Comirnaty benefits outweighed the risks, allowing the recommendation for authorization.

Based on the recommendation, BioNTech/Pfizer Inc. will need to provide additional trial results. Clinical trials are to last for 2-years. One key unknown is the immunization period.

Following the EMA approval, the EU Commission approved the use of the vaccine for 16-year-olds and older.

The European Centre of Disease Prevention and Control welcomed the authorization.

The ECDC website stated that the vaccines will first reach those that are in most need of protection.

National authorities have defined and identified priority groups for vaccination. These include healthcare workers, the elderly, and the vulnerable.


What’s next?

Last week, both France and Germany had announced that vaccinations would begin before the end of the year. The news had come following the EMA’s decision to bring forward its review of the Comirnaty vaccine.

In the coming days, the markets will be looking for more details on the number of vaccine doses that will be made available to the EU. Also of interest will be how the EU Commission plans to allocate the vaccine doses.

Some EU member states are more adversely impacted by the COVID-19 vaccine than others.

Following news of the new strain of the coronavirus in the UK, there will be a greater sense of urgency to vaccinate high-risk groups sooner rather than later.

Before Monday’s authorization, the EU had pre-ordered 200 million BioNTech/Pfizer Inc. doses, with the option to purchase an additional 100 million doses in 2021.

AstraZeneca and Sputnik V

In addition, the EU also pre-ordered 400 million AstraZeneca doses.

A total of 700 million doses are sufficient to vaccinate 350 million EU citizens, That’s equivalent to 78% of the total population.

An additional 200 million doses would cover the shortfall, assuming that the EMA and EU Commission authorize the AstraZeneca vaccine.

The UK government expects independent regulator MHRA to authorize the AstraZeneca vaccine before the end of the year.

For the EU and beyond, the UK’s approval of the AstraZeneca vaccine will deliver a much-needed confidence boost.

Some of the most adversely affected countries, including India and Brazil, have only pre-ordered AstraZeneca doses.

With the number of new COVID-19 cases continuing to rise, pharmas are going to need to deliver more options. The more virulent strain identified in the UK has added more pressure on pharmas as new cases continue to spike.

Russia’s Sputnik V vaccine has become a viable alternative for some countries. This week, news hit the wires of India and Russia agreeing to jointly mass-produce the vaccine to deliver globally. Considering the spike in new COVID-19 cases across India and the delay to the AstraZeneca vaccine, the Sputnik V vaccine is critical. For poorer nations, both the Pfizer Inc. and Moderna Inc. vaccines are too expensive for mass vaccinations.

The Latest COVID-19 Numbers

At the time of writing, the total number of confirmed COVID-19 cases stood at 77,687,608. The total number of U.S cases has risen to 18,455,554, with the total number of related deaths rising to 326,679.

Behind the U.S, India saw the total number of cases break through the 10m level this week. Brazil has reported 7,264,221 cases in total.

For France, Germany, Italy, and Spain, the combined number of cases stood at 7,807,431, with 206,671 related deaths.

Across the United Kingdom, the total number of cases stood at 2,073,511, with 67,616 related deaths.

Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Trade With A Regulated Broker

  • Your capital is at risk
The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.