On November 9 (local time), a report was reported that the COVID-19 vaccine jointly developed by Pfizer, a pharmaceutical company headquartered in the United States, and a German pharmaceutical venture Bio&Tech, has been tentatively confirmed to have a protective effect of more than 90% in clinical trials. While positive news was poured out in the war against Corona 19, the stock market has been affected by various effects, such as the decline in stock prices related to Stay Home including Zoom.
The Corona 19 epidemic has hit the global economy. But among them, some companies made great strides. Corona 19 has been of great help to companies that provide business tools for telecommuting workers, as well as stay home-related companies that provide communication tools, entertainment, and online sales services for people from home.
In addition to the online shopping mall Amazon and the video delivery service Netflix, Zoom, which provides video conferencing tools, achieved rapid growth during the period of Corona 19, with its revenue in the first quarter of 2020 reaching $328.2 million, an increase of 169% over the previous year.
Meanwhile, on November 9th, it was announced that the COVID-19 vaccine developed by Pfizer was tentatively confirmed to have a preventive effect of more than 90% in clinical trials. Thesis and basic data on clinical trial results are not yet publicly available, but an external independent committee analyzed the clinical trial data. Pfizer continues to conduct clinical trials in the future, and after all safety data have been collected, Pfizer is giving emergency permission to the US Food and Drug Administration.
Pfizer and Bio&Tech’s stock price rose by close to 10% on the news that the development of the Corona 19 vaccine has progressed, and other vaccine development companies, such as Modena and Johnson & Johnson, have also risen. In addition, due to the increased hope of returning to the previous routine due to vaccine development, the share price of theater chain AMC Theater rose more than 50%, and the share price of concert promoter Live Nation rose nearly 20%. In addition, stock prices of distribution, cruise, airline, hotel, and leisure related companies are also rising.
Meanwhile, the one hit by Pfizer’s announcement was a stay-home-related company that ran during the Corona 19 period. Amazon shares fell 5.1%, Netflix shares fell 8.6%, and telemedicine providers Teledoc Health fell 13.7%. Zum’s share price fell by 17.4%, and the positive news that conveys the progress of vaccine development is being influenced by companies. Related information can be found here .