❗Let's close the gap: We still need your help to raise $40,000 by April 1. Donate now
COVID-19

Second coronavirus vaccine, from Moderna, shows promise

Sabri Ben-Achour, Nova Safo, and Alex Schroeder Nov 16, 2020
Heard on:
HTML EMBED:
COPY
Maddie Meyer/Getty Images
COVID-19

Second coronavirus vaccine, from Moderna, shows promise

Sabri Ben-Achour, Nova Safo, and Alex Schroeder Nov 16, 2020
Heard on:
Maddie Meyer/Getty Images
HTML EMBED:
COPY

Moderna is the second drug company in a week to announce preliminary results showing its coronavirus vaccine is highly effective. Dow futures are rallying on the news.

Marketplace’s Nova Safo has the latest, and the following is an edited transcript of his conversation with “Marketplace Morning Report” host Sabri Ben-Achour.

Sabri Ben-Achour: What are the details of Moderna’s announcement?

Nova Safo: Moderna says its coronavirus vaccine is almost 95% effective and may have helped prevent severe cases of COVID-19 among those who still got infected.

This was not unexpected news after Pfizer and BioNTech’s announcement last week, because both of these experimental vaccines use similar technology — new technology — relying on messenger RNA, a cell’s internal mechanism, to help fend off a viral infection.

The big difference is that, unlike Pfizer and BioNTech’s vaccine, Moderna’s version does not need to be kept in ultracold storage for transport, so it could be less of a logistical challenge to get it to people.

We should caution that neither of these vaccines currently have regulatory approval, but applications are expected in the next few weeks.

Ben-Achour: And then what happens? Presumably it’s going to take a while to get vaccines to people?

Safo: Yes. If approved, we could have tens of millions of doses by the end of this year, but we’ll need hundreds of millions. The U.S. has deals in place for both vaccines, to buy as many as a billion doses, so we’ll have enough, but it’ll take a while to manufacture that many.

It’s also unclear how many people will actually take them. Polling shows about 50% are willing to get vaccinated.

That’s not going to cut it. As one of the BioNTech scientists explained over the weekend, you need a high vaccination rate to get this pandemic under control.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.