Stocks Surge After Moderna's Vaccine News Reinforce Hopes About COVID-19 Fight

Stocks Surge After Moderna's Vaccine News Reinforce Hopes About COVID-19 Fight

The company plans to submit applications for emergency approval in the USA and around the world within weeks, and says it expects to have approximately 20 million doses ready to ship in the U.S. by the end of the year. The results indicate that the vaccine has an efficacy rate of 94.5 percent, the company said. Severe events that occurred in greater than 2% of patients included fatigue and muscle pain, which happened in almost one patient in 10, and headache and achiness.

Speaking on BBC "Breakfast", Hancock said Britain will be "ready from the first of December", but that more likely it will begin "rolling out before Christmas".

Bio E develops, manufactures and supplies vaccines and therapeutics.

The chief advisor to Operation Warp Speed added that after December, between 25 million and 30 million people in the United States could receive vaccines for COVID-19 each month.

Moderna said Monday that 20 million doses of its vaccine will be available to ship by the end of 2020, and is on track to produce between 500 million and 1 billion doses in 2021.

Meanwhile in the US, Janssen will expand its agreement with the government's Biomedical Advanced Research and Development Authority (BARDA) on the development of a vaccine.

The interim analysis included 95 participants with confirmed cases of Covid-19, of which 90 had received the placebo and five the active vaccine.

These figures are both a relief and a surprise.

How Covid-19 may severely affect our offsprings
The Antigen Rapid Test works by detecting the presence of viral proteins (antigens) in the respiratory tract. MENAFN provides the information "as is" without warranty of any kind.

The company's shares, which have more than quadrupled this year, rose 15% in premarket trading while European stocks and Wall Street stock futures jumped on the vaccine update. "That resulted in an estimated vaccine efficacy of 94.5%".

The Pfizer vaccine is expected to be safer than previous vaccines because it does not use viruses.

This vaccine will be the third potential vaccine to enter clinical trials in the UK.

The late-stage study will evaluate if a second dose provides longer protection than a standard one-dose vaccine.

"Being opposed to vaccinations where they have been through the rigorous safety processes is entirely inappropriate", he told Times Radio.

Different doses: One worry is that if more than one brand of formulation of vaccine gets approved or authorized for public use that it will be hard for people to keep track of which vaccine they got for their first shot. Instead, it uses messenger RNA (mRNA), which stimulates your immune system to recognize and attack invading viruses. The vaccination schedule consists of two doses for each study participant, administered via intramuscular injection 28 days apart, the release said.

Participants will be given a first dose of either a placebo or the experimental shot, now called Ad26COV2, said Dr Saul Faust, a professor of pediatric immunology and infectious diseases, who is co-leading the trial at University Hospital Southampton.

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