Pfizer shares up after full FDA vaccine approval

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Ronny Gal from Bernstein joins The Exchange to discuss vaccine makers’ stocks and how full FDA approval can affect Moderna, Pfizer and BioNTech stock. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

The drug makers are expected to receive full FDA approval for their Covid-19 vaccine as soon as today, according to multiple reports. The vaccine had received emergency use authorization in late 2020. Pfizer added 3.9% in premarket action while BioNTech surged 7.7%. Moderna (MRNA) is also in the process of applying for full FDA approval of its Covid-19 vaccine and its shares rose 2.9%.

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