The Editor 

Vaccines and value

John Hughman

Vaccines and value

Another week, another Covid vaccine, this one reportedly even better than the last – more effective and deliverable without a ready supply of liquid nitrogen to hand. This week it has been the turn of US biotech outfit Moderna to give the market a lift, but with a raft of vaccine trials still to announce results this could become a regular event. Moderna itself saw its shares jump by over 10 per cent on its announcement, taking its market capitalisation to a staggering $41bn (£30.8bn) – I say staggering, because it has never previously had a drug approved, and the general consensus is that Covid-vaccines won’t necessarily be that lucrative for the companies developing them – profiting from a pandemic that has heaped misery on millions not being the greatest look.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now