"The Food and Drug Administration is investigating whether COVID-19 vaccines caused deaths in adults, as part of a safety review that earlier appeared to just be focused on children. The investigation, being conducted across different divisions of the FDA, comes at a time when U.S. Health and Human Services Secretary Robert F. Kennedy Jr. is upending longstanding guidance for a wide range of vaccines."
"Numerous studies have shown that COVID vaccines are safe but Kennedy has repeatedly called the safety and efficacy of the shots into question. He has also canceled hundreds of millions of dollars in funding for mRNA vaccines, the technology underpinning Moderna Inc.'s and Pfizer Inc.'s COVID shots. Moderna shares briefly turned negative before gaining 1% at the market close in New York Tuesday. Pfizer fell 1.7%."
"Pfizer and Moderna's COVID franchises were already under pressure as the pandemic faded and most people have opted to skip yearly shots. But COVID vaccines still accounted for billions of dollars in revenue for the companies in 2024. A spokesperson for Moderna pointed to a statement from September saying the safety of its vaccine is rigorously monitored by the company and regulators in more than 90 countries."
The Food and Drug Administration is investigating whether COVID-19 vaccines caused deaths in adults, conducting a safety review across multiple divisions and age groups. U.S. Health and Human Services Secretary Robert F. Kennedy Jr. has altered longstanding vaccine guidance and canceled hundreds of millions in funding for mRNA vaccine development. Numerous studies have shown COVID vaccines are safe, but Kennedy has questioned their safety and efficacy. Moderna and Pfizer defended monitoring and safety of their vaccines while stocks fluctuated. COVID vaccines still generated billions in revenue in 2024. An FDA regulator reportedly said a review found 10 children died after receiving a COVID vaccine.
Read at www.bloomberg.com
Unable to calculate read time
Collection
[
|
...
]