COVID-19 - EU Herd Immunity Not Until 2022 (11 pgs)
The EU will fail to reach herd immunity this year based on our analysis. We show that the prevalence of new variants has raised the threshold to achieve herd immunity. Add to this, slow administration, growing vaccine hesitancy, the time taken to reach peak efficacy and insufficient supply until late Summer (note) and we feel confident that market expectations for EU reopening are skewed to the downside. Moreover, without sufficient immunity by the Autumn, the risk of a fourth wave is now significant as are the restrictions that may be required to contain the wave. EU vaccination rates have fallen sharply as AZN related vaccine hesitancy has soared in EU4.For access to the full note, please contact Naresh Chouhan ( )
AstraZeneca is a holding company. Through its subsidiaries, Co. operates as a biopharmaceutical company engaged in discovering, developing, manufacturing and commercializing its pipeline of small molecule and biologic prescription medicines, including targeted business development through collaboration, in-licensing and acquisitions. Co. is focused on three main therapy areas: Oncology, Cardiovascular and Metabolic Diseases, and Respiratory. Co. is also selectively active in autoimmunity, infection and neuroscience. In addition, Co. works across small molecules, oligonucleotides and other drug platforms, as well as biologic medicines.
Pfizer is a research-based biopharmaceutical company. The company is engaged in discovering, developing, manufacturing and distributing of healthcare products, including medicines and vaccines. The company manages its commercial operations through three businesses: Pfizer Biopharmaceuticals Group, which includes Oncology, Inflammation and Immunology, Rare Disease, Hospital, Vaccines and Internal Medicine business units, as well as a hospital business unit; Upjohn, which includes the company's solid oral dose brands such as Lyrica, Lipitor, Norvasc, Celebrex, Viagra, and certain generic medicines; and Consumer Healthcare, which is an over-the-counter medicines business.
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