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Potentially less effective vaccine for Omicron: Moderna CEO

SYDNEY – The head of drugmaker Moderna says COVID-19 vaccines are not likely to be as effective against the Omicron variant of the coronavirus as they have been in the past, sparking new anxiety in financial markets. about the trajectory of the pandemic.

“I think there’s no other world (effective) on the same level … that we’ve had with Delta,” Moderna CEO Stéphane Bancel told the Financial Times in an interview.

“I think it’s going to be a drop in matter. I just don’t know how much because we need to wait for the data. But all the scientists I talked to… were like ‘this’ won’t be good.'”

Vaccine resistance could lead to more illness and hospitalizations and prolong the pandemic, and his comments triggered selling of assets exposed to growth such as oil, stocks and the Australian dollar.

Bancel added that the high number of mutations on the mutant protein that the virus uses to infect human cells means it is likely that the current vaccine crop will need to be modified.

He previously said on CNBC that it could take several months to start shipping a vaccine that works against Omicron.

Fear of the new variant, despite the lack of information on its severity, has caused delays to some economic reopening plans and the re-imposition of some travel restrictions. and move. [nL1N2SL045

(Reporting by Tom Westbrook; Editing by Kim Coghill)

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