The markets have been experiencing a selloff over the last few weeks because investors are worried about impending interest rate hikes, overvalued equities, and geopolitical tensions. Consequently, popular healthcare stocks Moderna, Inc. (MRNA) and BioNTech SE (BNTX), from companies that are known for their high efficacy COVID-19 vaccines, have plunged close to 40% in price year-to-date.
However, these companies are expected to maintain their growth pace in the coming quarters thanks to multiple vaccine jabs having been approved by regulatory bodies. Approximately 63.4% of the U.S. population is fully vaccinated, while 40.1% have taken their booster vaccine doses. BNTX is reportedly testing its omicron-specific vaccine in adults, while Moderna expects people to require a fourth vaccine shot soon.
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