fbpx
Coronavirus

Novavx Says its Coronavirus Vaccine is More Than 89% Effective

Biotech firm Novavax said Thursday that its coronavirus vaccine was more than 89% effective in protecting against Covid-19 in its phase three clinical trial conducted in the United Kingdom.

The results were based on 62 confirmed Covid-19 infections among the trial’s 15,000 participants. The company said 56 cases were observed in the placebo group versus six cases observed in the group that received its vaccine. That resulted in an estimated vaccine efficacy of 89.3%, it said.

Shares of the company were up more than 23% in after-hours trading.

With the results, the company “has the potential to play an important role in solving this global public health crisis,” Novavax CEO Stanley Erck said in a statement. “We look forward to continuing to work with our partners, collaborators, investigators, and regulators around the world to make the vaccine available as quickly as possible.”

Read the source article at cnbc.com

Leave a Review or Comment

Back to top button