Moderna's COVID vaccine expected to be ready by end of year

The report emerged as drug companies around the world race to produce an effective jab to counter the coronavirus

Earlier, Kirill Dmitriev, the head of Russia's Direct Investment Fund (RDIF) - the nation's sovereign wealth fund now in talks with other countries on vaccine purchases and technology transfer - said that India could become a major hub for the production of Russia's Sputnik V vaccine.

Pfizer CEO Albert Bourla told CNBC on Monday that it is likely that his company will have a "conclusive efficacy result of our Phase 3 [trial] before the end of October".

With the fourth quarter fast approaching, it's do-or-die time for a group of drugmakers chasing the first approved vaccine for COVID-19.

COVAX - coordinated by GAVI, CEPI, and World Health Organization - is a pooled procurement mechanism for new Covid-19 vaccines that aims to provide participating economies fair and equitable access to vaccines by pooling purchasing power from these nations across a range of candidate vaccines.

"We are actively preparing for a potential commercial launch of mRNA-1273, our COVID-19 vaccine, and we continue to expand the breadth of Moderna's platform", he said.

The Oxford University randomised control trial, being hosted by Wits University, was temporarily halted last week after a participant in the United Kingdom fell ill.

According to Russian Deputy Prime Minister Tatyana Golikova, Brazil, Venezuela, Azerbaijan, Kazakhstan, and Belarus are on the list of Russia's potential "partners" for vaccine development and production.


The announcement came as President Trump clashed with the head of the Centers for Disease Control and Prevention over a timeline for when a vaccine would be widely available.

The vaccine race has become deeply politicized in the USA in the run-up to the presidential election in November, as President Donald Trump touts a quick vaccine in response to criticism of his handling of the pandemic.

The documents described two unnamed vaccine candidates that must be stored at temperatures of minus 70 and minus 20 degrees Celsius. Moderna's CEO has said he is optimistic about getting the vaccine out to the public by the end of this year.

Pfizer soon followed Moderna, publishing its trial design in the form of a 137-page document that details under what circumstances the trial could generate early efficacy results. I trust vaccines. I trust the scientists, but I don't trust Donald Trump.

There will likely only be enough vaccines approved for every American who wants a shot by the second half of next year, according to Bancel. "Today we are expanding our possibilities to ensure that European Union citizens and citizens around the world can gradually resume daily life and feel safe again", Kyriakides said.

Vaccines must demonstrate they are at least 50 percent more effective than a placebo to be considered for approval.

Hai Do wrote this story for Learning English.

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