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Pfizer announces coronavirus vaccine shows 95% effective

 Pfizer announced that the final analysis results show its COVI-19 vaccine is 95% effective in preventing infections, even to elderly, and caused no serious side effects, the company said Wednesday.

The company is preparing to formally ask U.S.  Food and Drug Administration to allow emergency use of the vaccine. The announcement came after as coronavirus cases in the US skyrocketed and other parts of the world, giving hopes for an end to the pandemic.

“The study results mark an important step in this historic eight-month journey to bring forward a vaccine capable of helping to end this devastating pandemic,” said Pfizer CEO Albert Bourla.

“With hundreds of thousands of people around the globe infected every day, we urgently need to get a safe and effective vaccine to the world,” he added.

Earlier this week, competitor Moderna Inc. also announced 94.5% effectiveness of its own COVID-19 vaccine candidate, which is made with the same, brand-new technology — using a snippet of the genetic code of the coronavirus to train the body to recognize if the real virus comes along.

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