Vaccine makers fall after Kennedy dismisses US CDC vaccine panel
Shares of vaccine maker Moderna MRNA.O and U.S.-listed shares of BioNTech BNTX.O fall more than 1% while Pfizer PFE.N down marginally in extended trading
Health Secretary Robert F. Kennedy Jr. has fired all members sitting on a U.S. CDC panel of vaccine experts and is reconstituting the committee
The ACIP panel is tasked with recommending which vaccines get placed on the CDC immunization schedule and who should get them, which helps determine insurance coverage
"While RFK Jr.'s commentary surrounding vaccines has been consistently critical, we believe this has been well established with realistic headwinds largely priced in by the market," says BMO analyst Evan Seigerman in a note
As of last close, MRNA down 32.4%, PFE down 10%, BNTX down 4.4% YTD
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