The long-awaited review of the Pfizer Inc. (PFE) and BioNTech SE (BNTX) COVID-19 vaccine for possible use in children under the age of 5 was published by the U.S. Food and Drug Administration (FDA) on June 12, 2022. According to the study results, COVID-19 vaccine receives FDA approval. the vaccination seems safe and efficient in avoiding sickness in children of that age.
The investigation uncovered no new safety issues.
After making a similar announcement concerning Moderna’s vaccination for kids under 6, the FDA has issued a similar statement about Pfizer’s vaccine.
On June 15, the FDA will hold a meeting to decide which company’s injection will get approval. Many of the 18 million children in the United States who are less than five years old (including infants, toddlers, and preschoolers) would get the vaccinations.
Alteration to the Pfizer EUA
Pfizer requested on May 27, 2022, that the FDA update its existing EUA for the company’s COVID-19 vaccine, prompting the FDA to conduct the current analysis. Pfizer has push to get its vaccine used in a 3-dose regimen for kids between 6 months and four years.
Consequences for Businesses:
Eighteen million kids, as previously note, might be affect by this change. Pfizer’s EVID-19 vaccine is unavailable to those under 5 in the United States. If the Food and Drug Administration were to expand the EUA to cover children, the CDC of the United States would be task with deciding which children should be vaccinate.
Pfizer may not know how much its sales would change if a revised EUA allowed vaccine administration to children younger than 5. Vaccination rates have decreased marginally among kindergarten-aged children since the pandemic, even though parents of young children have pressured federal authorities to approve a COVID-19 vaccine.
Pfizer may theoretically make up to 54 million doses of the COVID-19 vaccine with a three-dose schedule for 18 million prospective young children.
Pfizer’s dosages may be significantly reduced if the Moderna vaccine is authorized simultaneously. Pandemic safety procedure weariness is also a concern; schools in New York City, Boston, and other cities have stopped requiring young students to wear masks.
It’s unclear whether this uptick in interest will prompt more cautious parents to seek immunization for their kids.
After receiving limited approval for use in adults, Pfizer’s COVID-19 vaccination has been a financial bonanza. Pfizer’s fiscal year 2021 net income increased by $2.0 billion to $22.0 billion on revenue growth of 95% to $81.3 billion because of the success of the company’s COVID-19 vaccine.
A Convenient Web3 Digital Wallet:
There were $3.5 billion vaccine sales in the first quarter of 2021
This figure may decrease significantly if immunization rates continue to decline.
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