Sanofi, GSK COVID booster shot wins European Commission approval (updated)

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• 12:30P update: Updated to reflect the EC has approved the booster.
• The European Commission has approved Sanofi (NASDAQ:SNY) and GlaxoSmithKline's (NYSE:GSK) COVID-19 vaccine VidPrevtyn Beta as a booster.
• The approval comes after the European Medicine Agency's Committee for Medicinal Products for Human Use recommending authorization.
• The approval was based on the results of two trials.
• Also, the booster is for adults previously vaccinated with an mRNA or adenoviral vector vaccine.
• The agency said the European Commission will fast track a decision on a potential authorization.
• Read why Seeking Alpha contributor Mare Evidence Lab just rated Sanofi (SNY) a buy.