Pfizer Hopes to Apply for Coronavirus Vaccine Emegency Use Authorization in November
A statement from Pfizer (NYSE: PFE) released Friday suggests the company's coronavirus vaccine candidate could be ready for distribution throughout the U.S. by the end of November. In the open letter, CEO Albert Bourla laid out the three hurdles the company's coronavirus vaccine candidate needs to clear before the FDA will consider granting an emergency use authorization (EUA) for it.
The first hurdle, proof of efficacy, can't be evaluated until a certain number of clinical trial volunteers test positive for COVID-19 after being inoculated with the vaccine candidate, dubbed BNT162, or a placebo. Since the pandemic has continued to spread largely unchecked across the U.S. since the beginning of Pfizer's phase 3 trial, the number of events required to trigger an interim analysis should cross the minimum threshold soon. Over the past three weeks alone, over 1 million Americans have tested positive for COVID-19.
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Source Fool.com
