Cumulative abnormal return of AstraZeneca's publishment of results from phase III clinical trial.

Cumulative abnormal return of AstraZeneca's publishment of results from phase III clinical trial.

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For vaccine companies, the announcements of beginning and ending of COVID-19 vaccine development are milestones of vaccine companies. Few studies have explored how announcements of COVID-19 vaccine affect stock market returns of vaccine companies. In this work, we match the announcements of beginning and ending of COVID-19 vaccine development with...

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... AstraZeneca's ending of development, the CARs of AstraZeneca for 9/13 days, Pfizer for 13/13 days, and Johnson & Johnson for 13/13 were positive (Figure 4). The CARs of Pfizer were significantly positive from day -6 to day 3 (10/14), whereas the CARs of Johnson & Johnson and AstraZeneca were moderate. ...

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