Mumbai, Sep 13 || Shares of US pharma giants fell over 3 per cent following reports indicating that the US health administration officials intend to associate coronavirus vaccines with the deaths of 25 children.
Pfizer's stock declined by over 3 per cent, Moderna's fell by more than 7 per cent, and Novavax decreased by more than 4 per cent overnight.
The selloff occurred after reports indicated that the claim will be presented next week to the US Centers for Disease Control and Prevention's (CDC) vaccine advisory panel, which determines US immunisation policy.
The American health officials plan to cite paediatric deaths flagged in the Vaccine Adverse Event Reporting System (VAERS), a federal database of unverified self-reports regarding vaccine side effects, according to a report by The Washington Post.