Pfizer, BioNTech Covid-19 vaccine found to be 90pc effective

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Pfizer Inc. headquarters is in New York City. FILE PHOTO | AFP

(Reuters) - Pfizer Inc on Monday said its experimental vaccine was more than 90 percent effective in preventing COVID-19 based on initial data from a large study, a major victory in the fight against a pandemic that has killed over 1 million people, roiled the world’s economy and upended daily life.

Pfizer and German partner BioNTech SE are the first drugmakers to show successful data from a large-scale clinical trial of a coronavirus vaccine. The companies said they have so far found no serious safety concerns and expect to seek US emergency use authorization later this month.

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