Equity Markets Rally After US Biotech Company Moderna Announces Successful Covid-19 Vaccine Trial Results
Covid-19 Vaccine 95% Effective – Risk Markets Rally
- Moderna’s vaccine nearly 95% effective
- Drug easier to store and distribute than the Pfizer vaccine.
US drug company Moderna (MRNA) has said that its Covid-19 vaccine is 94.5% effective based on clinical trial data. The company also said that the vaccine could be stored at standard refrigerator temperatures for up to one month or at -20 degrees Celsius for up to six months. This compares to Pfizer’s vaccine – announced last Monday - that lasts for 5 days at standard refrigerator temperature and needs to be stored at -70 degrees Celsius for longer time frames. This makes the storage and distribution of Moderna’s vaccine easier.
Global indices jumped higher on the news in what had been a quiet Monday morning session.
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