Pfizer reaches safety milestone for Covid-19 vaccine, CEO says

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NEW YORK - Pfizer Inc Chief Executive Officer Albert Bourla said that a key safety milestone had been reached in the study of its Covid-19 vaccine, and the drugmaker is now preparing to seek an emergency-use authorisation from US regulators.

Nonetheless, Mr Bourla added, important questions about the vaccine still remain to be answered."When it comes to how durable the protection could be, this is something we don't know yet," he said.Pfizer shares were up 1.6 per cent at 3.22pm in New York. The Pfizer-BioNTech vaccine is slightly ahead of one from Moderna Inc in the race to the finish line.

The most recent trial results are"a glorious confirmation of the power of the technology," Mr Bourla said, referring the the novel messenger RNA used in Pfizer and BioNTech's vaccine.

 

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