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Health Care Up As Moderna Slides -- Health Care Roundup

12/06/2021 | 05:22pm EST

Health-care companies rose, but not by as much as the broad market, as traders rotated into cyclical sectors.

Shares of Moderna plunged by more than 10% after an executive said the vaccine developer's ability to roll out an Omicron vaccine in the first quarter, in the circumstance that current vaccines do not work on the variant, would be limited to tens of millions of doses, rather than hundreds of millions.

Shares of other vaccine developers, some of which had rallied while Omicron concerns gripped global markets, also slipped, with Pfizer losing about 5%.

 Write to Rob Curran at rob.curran@dowjones.com 

(END) Dow Jones Newswires

12-06-21 1722ET

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