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Moody's says Pfizer's U.S. COVID-19 vaccine authorization is credit positive - Metro US

Moody’s says Pfizer’s U.S. COVID-19 vaccine authorization is credit positive

FILE PHOTO: A vial of the Pfizer/BioNTech COVID-19 vaccine is seen at the Royal Victoria Hospital in Belfast

(Reuters) – Rating agency Moody’s Investors Service said on Sunday that Pfizer Inc’s U.S. COVID-19 vaccine authorization is credit positive.

“The approval is credit positive because of incremental profit and cash flow from sales of the vaccine,” Moody’s said https://bit.ly/2Lx7CeW. “The revenue and profit opportunities for Pfizer are significant because it has priced the vaccine at a profit.”

The Pfizer/BioNTech vaccine in a large clinical trial was 95% effective in preventing illness. U.S. regulators late on Friday authorized emergency use of the vaccine, following similar moves by the UK and Canada.

(Reporting by Kanishka Singh in Bengaluru; Editing by Daniel Wallis)

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