11/29/2021, 5:17 PM (Source: TeleTrader)
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Chart for: Pfizer Inc

Pfizer pill likely effective against Omicron - CEO

Pfizer CEO Albert Bourla (pictured) said on Monday he believes the company's oral COVID-19 drug Paxlovid will be effective against the newly detected Omicron strain.

"The good news when it comes to our treatment, it was designed with that in mind, it was designed with the fact that most mutations are coming in the spikes," Bourla told CNBC. "So that gives me very high level of confidence that the treatment will not be affected, our oral treatment will not be affected by this virus," he added.

Earlier this month, Pfizer submitted its application for emergency use authorization of Paxlovid in the United States and the European Union.

Baha Breaking News (BBN) / NP