WASHINGTON
One of the teams racing to develop a coronavirus vaccine announced on Monday its drug had shown 90 per cent effectiveness against the illness, sending stock markets soaring and raising hopes of an end to draconian restrictions on movement.
US pharmaceutical giant Pfizer said tests involving more than 40,000 people had provided results that were a “critical milestone” in the search for a vaccine, as global infections soared passed 50 million — almost one-fifth of them in the United States.
Pfizer said that early results from its coronavirus vaccine suggest the shots may be a surprisingly robust 90% effective at preventing COVID-19, putting the company on track to apply later this month for emergency-use approval from the Food and Drug Administration.
“We’re in a position potentially to be able to offer some hope,” Dr. Bill Gruber, Pfizer’s senior vice president of clinical development, told The Associated Press. “We’re very encouraged.”
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