Sweden and Denmark announced on Tuesday they were halting Moderna COVID vaccinations for those under 30-years-old due to possible side effects.
This is very big news.
The two nations saw ample evidence to ban the vaccine for its youth.
The Swedish health authority Wednesday cited new data on the increased risk of heart inflammation as a reason for the pause for those aged 30 and under. Denmark will stop giving the shot to those younger than 18.
Moderna shares fell as much as 5.3% in New York trading.
“We are monitoring the situation closely and are acting rapidly to ensure that Covid-19 vaccinations are constantly as safe as possible, while also providing protection,” said Anders Tegnell, Sweden’s chief epidemiologist.
The two countries recommended Pfizer Inc.’s and BioNTech SE’s rival vaccine as a replacement. Both vaccinations use messenger RNA technology to prompt an immune reaction.
According to the VAERS tracking website, in the United States, 3,933 Americans have died following the Moderna COVID vaccination. 10,848 have died due to the Pfizer vaccination.