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Covid Vaccine Could Be a Drug Industry Game Changer
The value of vaccines has never, ever been clearer. With Covid-19 resurgent globally, Pfizer and BioNTechreported Monday that their vaccine looks as if it can cut infection rates by over 90%. Hearts and stocks leapt, especially stocks in pandemic-penned sectors, such as retail, restaurants, and travel. Wednesday, Moderna said it would soon have results on its vaccine trial.

“This has such far-reaching consequences in everybody’s lives,” says Bill Gruber, Pfizer’s senior vice president of clinical research and development....

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