Vaccine manufacturers report readiness to fight new COVID strain Omicron
Vaccine manufacturers report...
Subscribe to Newsletter

Vaccine manufacturers report readiness to fight new COVID strain Omicron

29 November 2021
2 min.
Vaccine manufacturers report readiness to fight new COVID strain Omicron

Fighting a new strain

The stock market recovered slightly at the premarket on Monday after a sharp fall on Friday when the World Health Organisation (WHO) said that the new COVID-19 strain first identified in South Africa was a "strain of concern".

The S&P 500, Dow Jones and Nasdaq Composite stock indices fell 2.27%, 2.53% and 2.23% respectively on Friday.

On Friday, the world's major Covid-19 vaccine makers said they were working to quickly research and adapt their vaccines to the new and highly mutated strain of the virus.

A South African government spokesman said the symptoms associated with Omicron cases were mild to moderate, Bloomberg reported. Chairman of South Africa's Ministerial Advisory Committee on Vaccines, said there had been no increase in hospitalisations in the country. The WHO's concern is due to a large number of mutations of the new strain in the spiking protein that allows Covid to penetrate and infect cells in the body. This means that as the COVID Omicron virus emerges, the risk of reinfection increases.

In addition, cases of the new strain among travellers have been officially confirmed in: Australia, Austria, UK, Netherlands, Germany, Belgium, Israel, Hong Kong and Italy.

The US ban on accepting passengers on flights from South Africa and seven other southern African countries comes into effect on Monday.

Stock market amid new strain

The S&P 500, Dow Jones and Nasdaq 100 stock indices rose 0.72%, 0.47% and 0.92% respectively in premarket trading on Monday.

Pfizer (PFE) and BioNTech (BNTX) said they could adapt their mRNA vaccine to protect against the new strain within six weeks and begin shipping batches within 100 days. Johnson & Johnson on Friday said it was already testing a vaccine against Omicron.

Moderna (MRNA) and AstraZeneca are also researching the new strain of the virus. Moderna said it will develop a special booster dose for this strain. Moderna shares rose 20.6% on Friday, following a strong decline in the last quarter.

The Covid-19 vaccine is very effective in preventing hospitalisation and death, but its effects have declined over time. According to a study published in Science this month, the effectiveness of the Pfizer vaccine fell from 86% to 43%, Modena's from 89% to 58% and J&J's from 86% to 13%.

Companies10 in the news

2 place
3 place
4 place
6 place
Dow Jones
7 place
8 place
Bloomberg L.P.
10 place


News from is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York. news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director
Died this year
Born this year