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		Pfizer asks for formal U.S. approval of oral COVID treatment Paxlovid
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		 [July 01, 2022] 
		(Reuters) -Pfizer Inc said on 
		Thursday it is seeking full U.S. approval for its oral COVID-19 
		antiviral treatment Paxlovid, which is currently available under an 
		emergency use authorization (EUA). 
 Pfizer said it submitted a New Drug Application for Paxlovid to the Food 
		and Drug Administration for the treatment of COVID-19 in vaccinated and 
		unvaccinated people at high risk of progression to severe illness.
 
 That is basically consistent with the drug's current EUA, which Pfizer 
		said covers 50% to 60% of the U.S. population, citing estimates from the 
		U.S. Centers for Disease Control and Prevention.
 
 A full approval could mean the company would have the option to sell 
		Paxlovid on the open market like other drugs, depending on whether or 
		not the U.S. government decides to stop buying the drug and providing it 
		for free nationwide.
 
 Also, "the company might have more control over educating the public 
		with commercials, or however they want, to boost uptake," said Karen 
		Andersen, healthcare strategist at Morningstar.
 
 The two-drug treatment taken for five days beginning shortly after onset 
		of COVID symptoms reduced the risk of hospitalization or death by 88% in 
		non-hospitalized, high-risk adult patients in Pfizer's clinical trial, 
		which did not included vaccinated people.
 
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			Pfizer's coronavirus disease (COVID-19) pill Paxlovid is packaged in 
			Ascoli, Italy, in this undated image obtained by Reuters on November 
			16, 2021. Pfizer/Handout via REUTERS 
            
			
			
			 Data from a study in Israel earlier 
			this month showed Paxlovid reduced COVID-19 hospitalization and 
			death rates in vaccinated and unvaccinated patients 65 years and 
			older, but was not found to prevent severe illness among younger 
			adults.
 More than 1.6 million courses of Paxlovid have been administered in 
			the United States, according to data from the Department of Health 
			and Human Services.
 
 (Reporting by Michael Erman and Manas MishraEditing by Bill Berkrot 
			and Mark Potter)
 
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