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Monday, November 9, 2020

A COVID-19 vaccine developed by pharmaceutical company Pfizer can protect 90% of people from contracting the coronavirus. Experts believe high-risk portions of the population could start receiving the vaccine by the end of 2020, but widespread availability of the vaccine is not expected until well into 2021.

The Trump administration took credit for the new development, with Vice President Mike Pence saying Pfizer was a part of Operation Warp Speed, the administration’s scheme to fund development of a coronavirus vaccine. However, officials at Pfizer foregoed joining the program, instead using $2bn of their own money to fund the research and development.

The announcement comes less than a week after the 2020 United States presidential election, where former Vice President Joe Biden defeated incumbent president Donald Trump.

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