On Monday, the Food and Drug Administration authority gave the go-ahead to Pfizer and BioNTech Covid-19 vaccine. With this approval, the two companies have achieved a first in the United States, instilling confidence amongst businesses, schools, and organizations to enforce vaccine mandates.
Ever since the companies filed their application to the agency in May, there was an increasing pressure on officials to fully accept the vaccines provided by Pfizer and BioNTech. According to the data elicited by the agency, the vaccine provided by Pfizer was a winner in all aspects.
By achieving “high standards for safety, effectiveness, and manufacturing quality,” Pfizer’s vaccine has proven to be a real game-changer in the face of a deadly pandemic, said FDA commissioner Janet Woodcock.
Although a significant portion of the American population has already received the Covid-19 vaccine, authorities believe that FDA’s vaccine approval will boost overall vaccination rates. According to several doctors and epidemiologists, this authorization may just sway Americans in to getting inoculated.
Additionally, FDA’s vaccine approval is also likely to increase the number of vaccinations in the corporate sector. From Walmart to Walt Disney, several big names have requested their employees to be fully vaccinated in face of the rapidly spreading delta variant.
This recent FDA vaccine approval also marks an achievement of its own. Most vaccine reviews take a year or so to be finalized, but given the raging pandemic that has taken away the lives of more than 628,000 Americans; the use of shots was approved by FDA under a EUA.
With Pfizer and BioNTech being granted full approval, the profit is anticipated in millions. But with FDA’s vaccine approval, the companies have also taken the step to charge a higher price for these injections. The Financial Times. Reported that the costs of these vaccines have already increased in the European Union.
Now that the vaccine has been fully approved, both Pfizer and BioNTech are strategizing to ask the FDA and get a third dose ready for a booster shot. This news comes right after the Biden administration announced the need of making booster shots compulsory for Americans from the third week of September.
