Vaccine makers light up as COVID hospitalizations rise

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EG.5 Coronavirus text with stethoscope and syringe and vaccine bottle and medical mask on red background. Covid or Coronavirus Concept

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Despite sharp YTD declines, shares of COVID-19 vaccine makers traded higher on Monday as a newly-detected Omicron variant continued to gain ground amid a concurrent rise in COVID-related hospitalizations.

Notable gainers include Novavax (NASDAQ:NVAX), Moderna (NASDAQ:MRNA), and BioNTech (NASDAQ:BNTX).

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