• Home
  • News
  • Fortune 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
HealthCOVID-19 vaccines

Moderna CEO expects a ‘material drop’ in COVID vaccine effectiveness from Omicron variant

By
Kylie Logan
Kylie Logan
Down Arrow Button Icon
By
Kylie Logan
Kylie Logan
Down Arrow Button Icon
November 30, 2021, 1:11 PM ET

The CEO of pharmaceutical company Moderna says he expects a “material drop” in the effectiveness of vaccines against the new Omicron COVID variant, and that an inoculation tailored to its mutations might not be widely available for several months. 

“There is no world, I think, where [the effectiveness] is the same level…we had with [the] Delta [variant],” Stéphane Bancel told the Financial Times in an interview published Tuesday. “I think it’s going to be a material drop. I just don’t know how much because we need to wait for the data. But all the scientists I’ve talked to…are like, ‘This is not going to be good.’”

Bancel says the new variant has particular mutations around the spike protein, which helps a virus enter a host cell. Current vaccines focus on that spike protein, and that’s why the mutations could make them less effective.  

The World Health Organization considers Omicron a “variant of concern,” the virus evolution advisory group’s COVID-19 technical lead, Dr. Maria Van Kerkhove, said in a public statement on Friday. Based on initial research, Rockefeller University virologist Paul Bieniasz told NPR that he and his colleagues “expect that Omicron will be significantly resistant to antibodies that are circulating in individuals who are convalescent or who have had mRNA vaccines.” 

However, Bienasz said his research does show that three vaccine shots, or one infection paired with two vaccine doses, can enhance immunity against Omicron.  

Scientists say it’s too early to tell whether Omicron is actually more infectious than other variants. Dr. Angelique Coetzee, national chair of the South African Medical Association, said on Tuesday that Omicron is not yet cause for extreme concern. 

“The majority of what we are presenting to primary health care practitioners are extremely mild cases,” she said. 

Subscribe to Fortune Daily to get essential business stories straight to your inbox each morning.
About the Author
By Kylie Logan
See full bioRight Arrow Button Icon

Latest in Health

Schumer
Politicsnational debt
‘This is a bad idea made worse’: Senate Dems’ plan to fix Obamacare premiums adds nearly $300 billion to deficit, CRFB says
By Nick LichtenbergDecember 5, 2025
22 hours ago
Best vegan meal delivery
Healthmeal delivery
Best Vegan Meal Delivery Services of 2025: Tasted and Reviewed
By Christina SnyderDecember 5, 2025
22 hours ago
Retailmeal delivery
Best Prepared Meal Delivery Services of 2025: RD Approved
By Christina SnyderDecember 5, 2025
23 hours ago
Gen Z
EconomyGen Z
America, meet your alienated youth: ‘Gold standard’ Harvard survey reveals Gen Z’s anxiety and distrust, defined by economic insecurity
By Nick LichtenbergDecember 4, 2025
2 days ago
Jensen Huang
SuccessBillionaires
Nvidia CEO Jensen Huang admits he works 7 days a week, including holidays, in a constant ‘state of anxiety’ out of fear of going bankrupt
By Jessica CoacciDecember 4, 2025
2 days ago
Healthmeal delivery
The 6 Best Meal Delivery Services for Singles in 2025
By Christina SnyderDecember 4, 2025
2 days ago

Most Popular

placeholder alt text
Economy
Two months into the new fiscal year and the U.S. government is already spending more than $10 billion a week servicing national debt
By Eleanor PringleDecember 4, 2025
2 days ago
placeholder alt text
Success
Nvidia CEO Jensen Huang admits he works 7 days a week, including holidays, in a constant 'state of anxiety' out of fear of going bankrupt
By Jessica CoacciDecember 4, 2025
2 days ago
placeholder alt text
Success
‘Godfather of AI’ says Bill Gates and Elon Musk are right about the future of work—but he predicts mass unemployment is on its way
By Preston ForeDecember 4, 2025
2 days ago
placeholder alt text
Big Tech
Mark Zuckerberg rebranded Facebook for the metaverse. Four years and $70 billion in losses later, he’s moving on
By Eva RoytburgDecember 5, 2025
1 day ago
placeholder alt text
Success
Nearly 4 million new manufacturing jobs are coming to America as boomers retire—but it's the one trade job Gen Z doesn't want
By Emma BurleighDecember 4, 2025
2 days ago
placeholder alt text
Real Estate
‘There is no Mamdani effect’: Manhattan luxury home sales surge after mayoral election, undercutting predictions of doom and escape to Florida
By Sasha RogelbergDecember 4, 2025
2 days ago
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.