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Pfizer begins early study of oral treatment with COVID-19

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Pfizer Inc. PFE Shares,
-1.24%
were down 1.1% in trade on Tuesday after the drugmaker said it had launched a Phase 1 clinical trial testing its investigational oral antiviral as a COVID-19 treatment. The early-stage study, which is being conducted in the United States, will assess the safety and tolerability of the drug. “Given how SARS-CoV-2 mutates and the continued global impact of COVID-19, it seems likely that having access to treatment options both now and beyond will be critical. pandemic, ”Dr. Mikael Dolsten, Pfizer’s scientific director, said in a press release. Pfizer has helped develop one of three COVID-19 vaccines licensed in the U.S. That said, medical and public health experts say there will still be a need to improve COVID-19 treatments even if millions of Americans get vaccinated every day. Currently, there are no new oral treatments for COVID-19 patients. Pfizer stock has risen 31.6% in the past 12 months, while the larger S&P 500 SPX,
-0.01%
gained 70.9%.

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