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Stock impact report

Pfizer's lead coronavirus drug is showing promise, chief scientific officer says [CNBC]

Pfizer, Inc. (PFE) 
Last pfizer, inc. earnings: 4/28 06:45 am Check Earnings Report
Company Research Source: CNBC
PfizerThe possible antiviral, "if successful, would be given early in the disease process, when patients are admitted to the hospital," Dolsten told CNBC's.Dolsten said the potential treatment has so far shown positive signs in preclinical work. The drug seeks to "counter the expansion of the virus," Dolsten said on "Power LunchPfizer had initially planned to enter clinical trials for a drug by the end of the year, according to Dolsten. Now, it hopes to start those trials in the third quarter, meaning "just a few months from today," he said.Pfizer also is working on the development of a vaccine alongside German firmBioNTechenter human trialsHe said the companies now expect — if the vaccine is successful and regulatory approval is granted — to be able to "supply millions of vaccine doses by the end of 2020.""This is much faster than the original prediction of 18 months," Dolsten said. "It's almost half the time."Shares of Pfizer closed up 2.3% on Thursday at $35.39 afterThe Wall Stre Show less Read more
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