• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

2

The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

3

Amazon's record Prime Day masks a darker truth: Americans are spending more and getting less

1

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

2

The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

3

Amazon's record Prime Day masks a darker truth: Americans are spending more and getting less
HealthCoronavirus

Iceland wants Pfizer to conduct a nationwide COVID-19 study. There’s just one problem: it has too few cases.

By
Kristen V. Brown
Kristen V. Brown
,
Ragnhildur Sigurdardottir
Ragnhildur Sigurdardottir
, and
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Kristen V. Brown
Kristen V. Brown
,
Ragnhildur Sigurdardottir
Ragnhildur Sigurdardottir
, and
Bloomberg
Bloomberg
Down Arrow Button Icon
February 15, 2021, 5:58 AM ET
Add Fortune on Google for similar content.

A push by Iceland to get Pfizer Inc.’s backing for a nationwide study on the ability of vaccines to quickly create herd immunity has run into an unexpected snag. The tiny island nation has done too good a job keeping Covid-19 in check.

Before Christmas, Kari Stefansson, the head of Iceland-based deCode Genetics, and Thorolfur Gudnason, the country’s chief epidemiologist, reached out to Pfizer executives. Their pitch: If Iceland could quickly get 500,000 doses of the Pfizer-BioNTech SE vaccine, the country could inoculate about 70% of its population by the end of March, creating the basis of a real-life study on whether herd immunity can be achieved as a result.

But it wasn’t to be, according to the two men. As new infections declined, Pfizer came to the conclusion that there were too few cases in Iceland to support such a study, they said. “How can you show that a vaccine is a good protection when there are no infections,” Stefansson said in an interview.

More than 14,500 people, or about 4% of Iceland’s population, have already received one or two doses of either the Pfizer vaccine, or the shots produced by Moderna Inc. or AstraZeneca Plc. That came about as part of Iceland’s participation in a pan-European deal that let countries get shots based on their population. If the Pfizer deal had gone through, it would have put Iceland toward the top of the list.

“By getting early delivery of vaccine we could do this faster, in a more structured way and be able to follow the consequences or the results of that,” Gudnason said. “I think few nations have infrastructure as good as Iceland to do such a study.”

He expects vaccine deliveries to Iceland will speed up in the second and third quarters of 2021 as deals with new manufacturers start to click in.

Meanwhile, Pfizer, in a statement, seemed to leave the door at least slightly ajar. “There are several types of real-world effectiveness studies that are under evaluation in different countries, including Iceland. As discussions are ongoing we are unable to provide further comment at this point.”

With just one major port of call, a limited population and a nationalized health-care system, Iceland is particularly well-equipped to tamp down cases of Covid-19. While that’s generally considered a good thing, it restricted how many infections would be seen in a large study.

“You can thank Thorolfur for that,” Stefansson said, referring to the chief epidemiologist. “He designed the system here so we have very few cases now.”

Iceland never mandated lockdown measures as extreme as other nations, including the U.S. and U.K. But the country quickly instituted social-distancing and mask measures, banned large gatherings and closed all schools besides primary schools.

With travel in and out of Iceland now tightly controlled, Icelanders have been able to enjoy more freedoms at home than other European nations. So far, the country has been able to limit the U.K. variant’s spread to just 60 individuals, mostly at the borders.

DeCode, a world-leading population genomics firm that was acquired by California drugmaker Amgen Inc. in 2012, has worked closely with the Icelandic government in its pandemic response. Even before more contagious variants of the virus appeared, deCode sequenced every case of the disease in Iceland, making it possible to track the spread and mutations with extreme precision.

More generally, deCode has also accumulated vast data on Icelander genomes, which is expected to be beneficial for answering questions about the role played by genetics in determining why people are impacted differently by the disease.

“The concept of herd immunity is something that has never really been researched,” Stefansson said before Pfizer decided to pull back. “As of now it is just a theory, so this would be an opportunity to dive deeply into that concept.”

The experiment he and Gudnason proposed to Pfizer would, in many ways, be “the most remarkable vaccine campaign you can imagine,” he said prior to the drugmaker’s decision.

It could have taken a year or more to get final answers to all the questions posed, Stefansson said. “These are about herd immunity, whether some mutations of the virus will be able to escape the immunity, how fast the antibody forms in the blood after vaccination and how fast it starts to decline,” he said.

Iceland isn’t the only country that has spoken with Pfizer about accelerating its vaccine deliveries to measure the shot’s effectiveness. In January, the drugmaker agreed to a deal with Israel to speed up vaccine deliveries in a push to immunize all of Israel’s citizens over the age of 16 by the end of March. In return, the company would get extensive data on the inoculation program.

More than 400,000 Israelis have received both doses of the vaccine, and the country says that soon afterward only 63 people, or 0.014%, had contracted the virus. Those that received just one dose also appear to be significantly less likely to contract the virus, health officials said.

More study will be needed, but if the results hold up it suggests that the efficacy could be even better than the 95% the drugmaker reported.

Iceland, meanwhile, has already proved useful as a sort of living laboratory. The country moved quickly to set up a large-scale testing program, a collaboration between the national health authorities and deCODE.

A study by deCODE geneticists, Iceland’s health directorate and National University Hospital, published on April 14 in the New England Journal of Medicine, provided early insights on the virus, including a high prevalence of asymptomatic cases and that children seemed less vulnerable to the illness.

About the Authors
By Kristen V. Brown
See full bioRight Arrow Button Icon
By Ragnhildur Sigurdardottir
See full bioRight Arrow Button Icon
By Bloomberg
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Health

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • 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
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Health

How ‘Ozempic face’ is pushing Gen X, already the biggest Botox and filler consumers, to the facelift table a decade early
HealthGen X
How ‘Ozempic face’ is pushing Gen X, already the biggest Botox and filler consumers, to the facelift table a decade early
By Mia OsmonbekovJune 24, 2026
3 hours ago
The 4 Best Zinc Supplements of 2026: Expert Tested
HealthDietary Supplements
The 4 Best Zinc Supplements of 2026: Expert Tested
By Emily PharesJune 24, 2026
3 hours ago
Helix Plus Lead
Healthmattresses
The Best Early 4th of July Mattress Sales of 2026: Saatva, Helix, and More
By Christina SnyderJune 24, 2026
5 hours ago
mg
CommentaryHealth
The ‘tech neck’ time bomb: why 43 million young Americans could cripple U.S. health care within a generation
By Michael GerlingJune 24, 2026
12 hours ago
UPS workers process boxes in a sorting facility.
North AmericaUPS
UPS is shelling out nearly $50 million on temperature-controlled facilities to meet the booming demand for GLP-1 deliveries
By Sasha RogelbergJune 23, 2026
1 day ago
dr
HealthCancer
The U.S. cut cancer deaths by 34% since 1991—but not in 458 rural counties
By Arthur Cosby and The ConversationJune 23, 2026
1 day ago

Most Popular

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
Success
After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
By Orianna Rosa RoyleJune 23, 2026
1 day ago
The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting
Economy
The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting
By Jacqueline MunisJune 24, 2026
17 hours ago
Amazon's record Prime Day masks a darker truth: Americans are spending more and getting less
Retail
Amazon's record Prime Day masks a darker truth: Americans are spending more and getting less
By Nick LichtenbergJune 24, 2026
9 hours ago
Ray Dalio just finished a 10-day trip to China. He says global leaders know America 'doesn’t have what it takes to fight to maintain its empire'
Asia
Ray Dalio just finished a 10-day trip to China. He says global leaders know America 'doesn’t have what it takes to fight to maintain its empire'
By Nick LichtenbergJune 24, 2026
10 hours ago
Current price of oil as of June 23, 2026
Personal Finance
Current price of oil as of June 23, 2026
By Joseph HostetlerJune 23, 2026
1 day ago
Current price of gold as of June 23, 2026
Personal Finance
Current price of gold as of June 23, 2026
By Danny BakstJune 23, 2026
1 day ago

© 2026 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.