UK Approves COVID-19 Vaccine for Emergency Use

By Timothy Sykes

Last updated on April 20, 2022
UK Approves COVID-19 Vaccine for Emergency Use Thumbnail

The new coronavirus vaccine has been approved for use by the National Health Service in the UK.

Pfizer Inc. (NYSE: PFE) and BioNTech SE (NASDAQ: BNTX) published the conclusion of the phase-three trial two weeks ago.

The study included more than 41,000 participants and resulted in only eight cases of COVID-19 in the group that received two doses of the vaccine.

The conclusion of the trial was that the vaccine was 95% effective at preventing COVID-19.

The UK Government is expecting 800,000 doses of the vaccine as soon as next week. Those in first-priority position to receive the vaccine are residents in care homes and their caregivers. Frontline workers, social care workers, and anyone over 80 years old will be next in line.

Projections from Pfizer indicate that 50 million doses will be produced by the end of the year. Another 1.3 billion are expected by the end of 2021.

Both company’s stock prices rose on the news. At writing, PFE is up more than 3% and BNTX is up about 6%.

The major indexes have shown little reaction to the news. The Dow Jones, Nasdaq Composite, and S&P 500 are all trading in the red near flat.

Posts contain affiliate links. may get compensated for affiliate posts and purchases through links


How much has this post helped you?

star star star star star
Comments (1)
Author imageTimothy Sykes
Hey Everyone,

As many of you already know I grew up in a middle class family and didn't have many luxuries. But through trading I was able to change my circumstances --not just for me -- but for my parents as well. I now want to help you and thousands of other people from all around the world achieve similar results!

Which is why I've launched my Trading Challenge. I’m extremely determined to create a millionaire trader out of one my students and hopefully it will be you.

So when you get a chance make sure you check it out.

PS: Don’t forget to check out my 30 Day Bootcamp, it will teach you everything you need to know about trading.

Leave a Reply