AS US SUPPORTS PATENT WAIVERS ON COVID VACCINES, SHARES OF PFIZER SLUMP OVER 3 PERCENT

Highlights

• Shares of Pfizer slumped 3.24 percent to Rs 5,268.55 as compared to Wednesday's closing of Rs 5,444.95 on the BSE

• The US decided to support a proposal to waive intellectual-property protections for Covid-19 vaccines

• The USTR Tai had consulted President Joe Biden regarding this move

As soon as the United States decided to support a proposal to waive intellectual-propert....