Vaccine makers plan for smaller market

NEW YORK: Covid-19 vaccine makers are planning for a smaller, more competitive booster shot market after delivering as many doses as fast as they could over the last 18 months.

Executives at the biggest Covid19 vaccine makers, including Pfizer and Moderna, said they believe most people who wanted to get vaccinated against Covid-19 have already done so – more than 5 billion people worldwide. Most Covid-19 vaccinations will be booster shots or first inoculations for children.

Pfizer, which makes its shot with Germany’s BioNTech, and Moderna still see a major role for themselves in the vaccine market even as overall demand declines.