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Pfizer Develops Covid Pill That Cuts Hospitalizations and Deaths by 89%
By Robert Langreth
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5 November 2021, 6:45 PM SGTUpdated on 5 November 2021, 8:29 PM SGT
- Drug reduced Covid hospitalizations by 89% in clinical trial
- Pharma giant’s shares surge 13%; U.S. FDA filing imminent
Pfizer Inc. said its Covid-19 pill reduced hospitalizations and deaths in high-risk patients by 89%, a result that has the potential to upend how the disease caused by the coronavirus is treated and alter the course of the pandemic. The shares surged 11%.
The drugmaker said in a statement on Friday that it was no longer taking new patients in a clinical trial of the treatment “due to the overwhelming efficacy” and planned to submit the findings to U.S. regulatory authorities for emergency authorization as soon as possible.