US FDA approves Pfizer's RSV vaccine
Adds details on vaccine availability in paragraph 5, company statement in paragraphs 7-8, background in paragraphs 10-14
May 31 (Reuters) -The U.S. Food and Drug Administration on Wednesday approved Pfizer Inc's PFE.N respiratory syncytial virus (RSV) vaccine for older adults, making it the second shot against the common respiratory disease that can be fatal for seniors.
The approval comes less than a month after the FDA approved a similar shot by rival GSK Plc GSK.L. Pfizer's vaccine was approved for people aged 60 and older, the company said, the same age group as GSK's shot.
In a late-stage study, Pfizer's vaccine, to be sold under the brand name Abrysvo, was 67% effective among those aged 60 and older with two or more symptoms of RSV, and 85.7% against severe illness defined by three or more symptoms.
Pfizer and GSK have said they expect a multibillion-dollar market for RSV vaccines.
The company expects to make the vaccine available during the third quarter, ahead of the next RSV season, once the U.S. Centers for Disease Control and Prevention (CDC) signs off on its use.
The CDC's advisory committee is expected to meet in June to discuss the vaccines, including who should receive them and how often.
Pfizer did not disclose a price for the vaccine. It said the price would be value-based to support routine vaccination for the recommended age group for the shots.
If the vaccine is recommended by the CDC for routine use, it will be widely available at no out-of-pocket cost for most older Americans covered by the government Medicare health plan, the company said.
RSV usually causes mild, cold-like symptoms but can also lead to serious illness and hospitalization. It is estimated to be responsible for 14,000 deaths in adults aged 65 and older in the United States annually, according to government data.
Pfizer is also seeking FDA approval for its RSV vaccine to prevent the disease in infants by inoculating pregnant women. It could become the first RSV vaccine available to protect babies, who are among those at greatest risk for severe illness.
The shot received backing by the agency's panel of outside experts earlier this month for use in pregnant women.
The company has said it is ready to launch its RSV vaccine for both older adults and pregnant women in the United States and Europe this year.
Moderna Inc MRNA.O has said it expects to file seeking approval for its RSV vaccine this quarter for those aged 60 and older.
Sanofi SASY.PA and partner AstraZeneca Plc AZN.L in November gained European marketing authorization for their antibody treatment nirsevimab for preventing RSV in newborns and infants. It is currently under FDA review.
Reporting by Mariam Sunny and Raghav Mahobe in Bengaluru and Michael Erman in New York; Editing by Bill Berkrot
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.