Pfizer Stock Rises as WHO Chief Says the COVID Emergency to End in 2023

Pfizer Stock

At a media event on Wednesday, Tedros Adhanom Ghebreyesus, the director general of the World Health Organization (WHO), expressed his “hope” that COVID-19 won’t be declared a global emergency at some time in the upcoming year. His comments come at a time when people are worried that China’s COVID might go up as the country moves away from its strict “zero-COVID” policy and becomes the world’s second-largest economy.

Dr. Tedros declared in September that the world has never been in a better position to put an end to the COVID-19 pandemic. After a few days, President Joe Biden said that “the pandemic is gone,” which caused the price of COVID-19 vaccine producers’ shares to fall.

Every few months, a WHO committee meets to decide if COVID-19 meets the requirements to be called a PHEIC, which is the highest level of warning from the international organization.

Leading manufacturers of the COVID-19 vaccine include Pfizer (NYSE:PFE)/ BioNTech, Moderna, Johnson & Johnson, Novavax, AstraZeneca, Sinovac Biotech, Sinopharm Group (OTCPK:SHTDF) (OTCPK:SHTDY), CanSino Biologics (OTCPK:CASBF), and GlaxoSmithKline (VALN).

The four largest U.S. producers of fast COVID-19 antigen tests are Becton, Dickinson (BDX), QuidelOrtho (QDEL), Abbott Laboratories (ABT), and Roche (OTCQX:RHHBY)

Developments Likely To Shape Pfizer Stock and Other Pharma

Manufacturers of COVID-19 medicines include Merck, Pfizer, and Gilead. 

Over 6.6 million people have died worldwide as a result of COVID-19 since it was first discovered in Wuhan, China, in late 2019. The pandemic was deemed a national emergency in the United States in March 2020. When the emergency status proclamation expires in January, the Biden administration did not mention any intentions to end it in November.

The fact that the U.S. Department of Health and Human Services (HHS) did not tell state officials on Friday that it planned to take COVID-19 off the emergency list shows that the Biden administration will keep it that way past January. The first time an emergency was declared was in January 2020, when the pandemic started. This was done to protect the public’s health.

The first time an emergency was declared was in January 2020, when the pandemic started. This was done to protect the public’s health. It was then extended every three months for 90 days. If the emergency declaration was last extended in October and ended on January 11, the Department of Health and Human Services promised to notify states 60 days before the emergency ended on Friday.

Featured Image: Pixabay @ mike_ramirez_mx

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