Pharmaniaga skids on govt plan to focus on Pfizer

A health worker displays the Covid-19 vaccines developed by China's Sinovac. - Xinhua

KUALA LUMPUR: Shares of Pharmaniaga fell to a low of 88.5 sen on Friday after the government said states will begin dispensing more Pfizer-BioNTech vaccines over Sinovac.

Pharmaniaga has the contract to deliver the Sinovac vaccines and the latest statement worried investors as it had plans to expand the output of the China vaccine later.