FDA Expected to Authorize Pfizer and Merck Covid Pills This Week
https://www.bloomberg.com/news/articles/2021-12-21/fda-expected-to-authorize-pfizer-merck-covid-pills-this-week?srnd= premium
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https://archive.ph/MaG0Q
The U.S. Food and Drug Administration is poised to authorize a pair of pills from Pfizer Inc. and Merck & Co. to treat Covid-19 as soon as this week, according to people familiar with the matter -- a milestone in the fight against the pandemic that will soon expand therapies for the ill.
An announcement may come as early as Wednesday, according to three of the people. They asked not to be identified ahead of the authorization and cautioned that the plan could change.
Pfizer and Merck pared earlier declines on the news. Merck was trading down 0.7% at 10:43 a.m. in New York, while Pfizer was off 5.1%.
Pfizers pill, Paxlovid, and Mercks molnupiravir are intended for higher-risk people who test positive for Covid. The treatments, in which patients take a series of pills at home over several days, could ease the burden on stretched hospitals with infections poised to soar through the winter in the U.S.
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