VXRT - Moderna BioNTech drag biotech stocks after Bernie tweet

COVID-19 vaccine makers have dragged the biotech space in morning hours after Vermont Senator Bernie Sanders criticized Moderna (MRNA -13.5%) and Pfizer (PFE -2.8%) in a tweet on Sunday. “Last week, 8 investors in Pfizer and Moderna became $10 billion richer as news about the Omicron variant spread. It's time for these pharmaceutical companies to share their vaccines with the world and start controlling their greed. Enough is enough!,” Sanders said in a tweet on Sunday. The former presidential nominee called the situation “obscene.” BioNTech (BNTX -14.8%), the partner of Pfizer (NYSE:PFE) in its COVID-19 vaccine, and the developers, Novavax (NASDAQ:NVAX) and Vaxart (VXRT -9.7%) have also come under pressure dragging the NASDAQ Biotechnology Index (IBB -2.1%) to the lowest level since Nov. 2020. Last week, the index fell for the fifth consecutive week capping the longest losing streak since 2016.

For further details see:

Moderna, BioNTech drag biotech stocks after Bernie tweet