Economy

Pfizer COVID-19 Vaccine Delayed Until At Least Late November

Pfizer COVID-19 Vaccine Delayed Until At Least Late November”

The announcement means the United States could have two vaccines ready by the end of the year, with MA biotech firm Moderna aiming for November 25 to seek authorization.

The Food and Drug Administration (FDA), which authorises pharmaceuticals for distribution in the U.S., asked vaccine developers last week to spend two months monitoring for serious side effects after the second dose is given to trial participants.

Pfizer's announcement immediately lifted the company's shares two percent in the US.

Pfizer Inc said on October 16 it could apply for United States emergency use of its COVID-19 vaccine candidate being developed along with Germany's BioNTech SE as soon as a safety milestone is achieved in the third week of November.

State media reported that Sinopharm was offering its vaccines for students in Beijing and Wuhan, the place where the virus first emerged at the end of 2019.

Vaccine roll out being considered for December, as sources say likelihood is '50/50'

That October timeline sounded even more aggressive when Moderna CEO Stephane Bancel, known for touting ambitious goals, said his company's shot, which was the first in the U.S.to move into clinical testing, likely wouldn't have data until November.

US pharmaceutical giant Pfizer Inc. said Friday that its application for emergency use authorization in the United States for its potential coronavirus vaccine will take place no earlier than the third week of November.

"We will need an approved vaccine and federal support, along with answers to many outstanding questions, but stand ready with our partners to incorporate a vaccine into Maine's effective strategy against COVID-19", Jeanne Lambrew, Maine's health and human services commissioner, said in a statement. The US is the worst-hit country in the world with more than eight million cases and 218,000 deaths, according to a Johns Hopkins University tracker.

"We shouldn't be complacent that death rates are coming down". "It's welcome news that there will be one more thing that can help prevent Covid transmission", said Priya Sampathkumar, an infectious disease doctor and professor at Mayo Clinic. "But I think we need to be cautious and understand that a vaccine isn't a magic bullet", she added. Moderna has said it is on track to make around 20 million doses by the end of the year and between 500 million and 1 billion doses a year beginning in 2021. Russian Federation approved a vaccine in August, without widespread testing. This effectively turns a person's own body into a vaccine factory, avoiding the costly and hard processes that more traditional vaccine production requires. It said it was working on a way to "distribute these limited vaccines in a fair, ethical, and transparent way".

More news: Ontario reports 712 new COVID-19 cases as hospitalizations continue slow climb



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