A vaccine jointly developed by Pfizer and BioNTech was announced by the companies on Monday to be 90 percent effective in preventing Covid-19 infections in ongoing Phase 3 trials.
The statement was released as coronavirus cases are soaring across the world, and European stock markets and oil prices jumped on the news. According to preliminary findings, protection in patients was achieved seven days after the second of two doses, and 28 days after the first. “The first set of results from our Phase 3 Covid-19 vaccine trial provides the initial evidence of our vaccine’s ability to prevent Covid-19,” Pfizer Chairman and CEO Albert Bourla said in a statement.
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