Pfizer and BioNTech announced that they have a vaccine candidate that is 90% effective at beating the Chinese Coronavirus.
— Squawk Box (@SquawkCNBC) November 9, 2020
Pfizer and BioNTech announced Monday their coronavirus vaccine was more than 90% effective in preventing Covid-19 among those without evidence of prior infection, hailing the development as “a great day for science and humanity.”
“I think we can see light at the end of the tunnel,” Pfizer Chairman and CEO Dr. Albert Bourla told CNBC’s Meg Tirell on “Squawk Box.” “I believe this is likely the most significant medical advance in the last 100 years, if you count the impact this will have in public health, global economy.”
The announcement comes as drugmakers and research centers scramble to deliver a safe and effective vaccine to help bring an end to the coronavirus pandemic that has claimed over 1.2 million lives worldwide.
Scientists are hoping for a coronavirus vaccine that is at least 75% effective, while White House coronavirus advisor Dr. Anthony Fauci has said one that is 50% or 60% effective would be acceptable.
President Trump is already touting this major win(as he should):
STOCK MARKET UP BIG, VACCINE COMING SOON. REPORT 90% EFFECTIVE. SUCH GREAT NEWS!
— Donald J. Trump (@realDonaldTrump) November 9, 2020
Stocks are up:
“Stocks are surging on Biden’s win, and definitely not a COVID vaccine” is peak TDS. https://t.co/9IKZQvuAyy
— BDW (@BryanDeanWright) November 9, 2020
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