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PFE Pfizer Inc

28.69
-0.23 (-0.80%)
18 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Pfizer Inc NYSE:PFE NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.23 -0.80% 28.69 28.91 28.51 28.895 26,145,830 00:58:54

China Approves Merck's Molnupiravir for Emergency Use, Regulator Says -- Update

30/12/2022 12:33pm

Dow Jones News


Pfizer (NYSE:PFE)
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China's top drug regulator said Friday that it approved Merck & Co. and Ridgeback Biotherapeutics' Molnupiravir for emergency use on Thursday, as the country grapples with waves of infections after Beijing abruptly reversed its stringent Covid-19 restrictions earlier this month.

The National Medical Products Administration said it is requiring the approval holder to continue relevant research, complete conditional requirements and submit follow-up research results in a timely manner, according to a statement posted on its website Friday.

Molnupiravir and Pfizer Inc.'s Paxlovid are rival drugs for the treatment of Covid-19. Though Paxlovid pill was found in clinical trials to be more effective than Molnupiravir, the latter is also in high demand as an easy-to-use treatment that can be taken at home.

 

Write to Singapore Editors at singaporeeditors@dowjones.com

 

(END) Dow Jones Newswires

December 30, 2022 07:18 ET (12:18 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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