Economy

Moderna COVID-19 vaccine progress sends stock markets soaring

Moderna COVID-19 vaccine progress sends stock markets soaring”

The announcement had been expected for several days after the companies said that a completed study of trials of the product showed it was 95 percent effective in protecting people from infection.

Pfizer on Friday announced that it is moving ahead with its request of asking the U.S. regulators to allow emergency use of its Covid-19 vaccine, which has shown 95 per cent efficacy in a totality of two data sets released in the last 10 days.

BioNTech SE and Moderna Inc. could receive conditional European Union marketing authorization for their Covid-19 vaccines in the second half of next month, according to the head of the EU's executive arm, putting the bloc on track to start distributing the shots at the same time as the U.S.

United States company Moderna plans to apply for approval for it's vaccine in the coming weeks.

"The companies will be ready to distribute the vaccine candidate within hours after authorization", their statement said.

More news: Celtics reportedly trading Enes Kanter to Blazers in three-team deal

Over the next few weeks, the U.S. Food and Drug Administration and its scientific advisers will decide if there's enough evidence to allow emergency vaccinations. "Not only with Moderna-the government is also in communication with Pfizer, Serum Institute, Bharat Biotech and Zydus Cadila for their COVID-19 vaccine candidate in terms of safety, immunogenicity and efficacy", a senior government official said.

The speed with which these vaccines have been developed as the pandemic wreaks havoc around the world has no precedent.

The extraordinary results have sparked euphoria as the unprecedented compression of vaccine development timelines from years to months looks to be paying off.

This announcement follows that by United States giant Pfizer and Germany's BioNTech last week that their vaccine was found to be more than 90 per cent effective.



Like this

loading...
loading...

Latest


21 November 2020
U.S. election 2020: Biden says Trump denial 'sending terrible message'
Ben Sasse (R-Neb.) warned that the "wild press conferences erode public trust", adding that "we are a nation of laws, not tweets". In Michigan, Republican Senate Majority leader Mike Shirkey left on Friday morning to meet with Trump at the White House.

20 November 2020
Shawn Mendes Shares Justin Bieber Collaboration Monster
He then explained about Bieber's involvement: "And his heart sank deep". You can hear the new song " Monster " below. "I wrote an album.

20 November 2020
Brexit trade talks suspended after European Union official tests positive for Covid
An EU diplomat also said the British proposal did not meet the bloc's demand for an independent body from the government. Prime Minister Boris Johnson was hospitalized in April and is now back in coronavirus quarantine until next Thursday.

20 November 2020
Apple to pay another US$113M to settle iPhone battery claims
This new investigation was launched by more than 30 states, including Arizona, Arkansas, and IN , according to a press release. Customers from Apple's home state of California will receive $24.6 million as part of the overall settlement.

20 November 2020
Colleagues defend United Kingdom interior minister accused of bullying
Earlier this week the former head of the civil service Lord Sedwill told MPs the investigation was now "with" the prime minister. The prime minister's press secretary, Allegra Stratton, insisted Johnson took allegations of bullying "exceedingly seriously".

20 November 2020
PUBG Mobile India could launch later today: Everything we know so far
The company will include a feature that places restrictions on game time to promote healthy gameplay habits for younger players. There are few details about the game, one of them being that it will arrive under a new moniker, " PUBG Mobile India ".

20 November 2020
Sia announces new album
Sia's album includes songs that were written specifically for the movie, as well as songs that were inspired by it. Sia will release new album " Music - Songs From And Inspired By The Motion Picture" on February 12th.

20 November 2020
Coronavirus immunity could last for years, according to new study
Delirium is a common symptom of coronavirus in elderly patients, found in around one in three infected over-65s. It comes as optimism grows over the development and deployment of effective vaccines to combat the pandemic.

20 November 2020
Face masks ineffective in COVID spread; Danish study challenges World Health Organization guidelines
Roughly 40 states have implemented mask requirements of some sort, according to a database maintained by The New York Times . Results showed that, after one month, 1.8 percent of the people wearing masks had been infected with the virus.

20 November 2020
Thomas Partey out of Arsenal's match against Leeds United
Ceballos, however, took to social media to quash rumours of a bust-up with Luiz on Thursday, rubbishing the reports as 'fake'. Arsenal will be without Ghana midfielder Thomas Partey when they take on Leeds United at the Elland Road on Sunday.