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Pfizer’s COVID-19 Pill Ignites Travel and Tourist Stocks: Here’s What Investors Should Watch
By The Smart Investor  •  November 9, 2021
The global fight against COVID-19 is taking a huge leap forward. Rather than just relying on vaccinations alone, pharmaceutical companies have begun to come up with an oral alternative. Last month, Merck (NYSE: MRK) announced an experimental oral drug for COVID-19 that halves the chance of hospitalisation or death for patients who are at risk of severe disease. It was the first oral antiviral drug developed to combat COVID-19. And now, Pfizer (NYSE: PFE), the company that came up with a vaccine that was 95% efficient at preventing severe disease, has followed up with its COVID-19 pill. What’s even better is that Pfizer claims its drug cuts the chances of hospitalisation or death by up to 89%, a significant increase from Merck’s claim of 50%. While vaccines remain the best way to control the pandemic, their uneven distribution means that certain parts of the world may not have access to them....
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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