Israel Based Study Shows Omicron Adapted Vaccine Shots Cut Hospitalization Rates In Elderly - Pfizer (NYSE:PFE), BioNTech (NASDAQ:BNTX)

Israel based real-world study shows that omicron-targeted COVID-19 vaccine from Pfizer Inc PFE and BioNTech SE BNTX reduced hospitalizations among older patients.
The study has not yet been peer-reviewed.
Data exhibited an 81% reduction in hospitalizations among people aged 65 and older who had received the booster against those who had previously received at least two COVID vaccinations but not the omicron-adapted shot.
Related: FDA Authorizes Pfizer/BioNTech And Moderna's Bivalent COVID Shots For 6 Months Old.
The study was conducted among around 622,700 people who were eligible for the bivalent booster between September to mid-December. Reuters reported that 85,314, or 14%, had received it.
The study said that hospitalization due to Covid-19 occurred in 6 bivalent recipients and 297 participants who did not" receive it. "Death due to Covid-19 occurred in 1 bivalent recipient and 73 participants who did not."
Though the 86% drop in mortality was statistically borderline because of the relatively low death rates in the country, it was nonetheless significant, the researchers said.
Price Action: PFE shares are down 2.77% at $49.51, and BNTX shares are up 0.67% at $151.09 on the last check Monday.
Photo via Wikimedia Commons