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Will the Pfizer vaccine solve the coronavirus crisis?

by LLB Editor

Stock markets across Asia-Pacific have rallied today as investors anticipate a strong US jobs report later today.

Shares jumped in China, Australia and South Korea, lifting markets in the region towards four-month highs.

Hopes of a Covid-19 vaccine are also cheering investors. As we covered yesterday, Pfizer reported encouraging initial results from human trials of its coronavirus vaccine, developed with Germany’s BioNTech.

It’s still early days, based on a small trial. But as Pfizer research Phil Dormitzer told ABC News, the preliminary results are very exciting.

“Our first vaccine candidate is eliciting antibody levels to neutralize the virus that is equivalent to or better than what you see in people who have had COVID-19.”

“It’s been a tremendous amount of work and there’s now a lot of pride to see the results start to come forward.

“The potential is there to actually change a lot of people’s lives.”

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