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MODERNA said that its Covid-19 vaccine is proving to be highly effective - one week after Pfizer announced a similar breakthrough.

The news that there are now at least two workable vaccines is a massive boost to the hope of a return to normality sometime in 2021.

Americans may start to receive a coronavirus vaccine soon
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Americans may start to receive a coronavirus vaccine soonCredit: AP:Associated Press

What are the results from the Moderna vaccine trial?

The company said on November 16 that its vaccine , according to preliminary data from Moderna’s ongoing study.

The most recent Moderna trial , who were given two doses four weeks apart.

The results are “truly striking,” said .

Fauci previously said he would be happy with a Covid-19 vaccine that was 60 percent effective.

Moderna is based in Cambridge, Massachusetts
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The Moderna coronavirus vaccineCredit: Reuters

This comes after .

“That should give us all hope that actually a vaccine is going to be able to stop this pandemic and ,” Moderna president Dr Stephen Hoge told The Associated Press.

“It won’t be Moderna alone that solves this problem. It’s going to require many vaccines” to meet demand, he added.

Moderna is based in Cambridge, Massachusetts
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Moderna is based in Cambridge, MassachusettsCredit: Reuters

The coronavirus has killed more than 1.3million people worldwide, over 245,000 in the US.

When will the vaccine be ready?

Both vaccines require people to get two shots, several weeks apart.

US officials said they hope to have about 20million Moderna doses and another 20 million doses of the vaccine made by Pfizer and its German partner BioNTech to use in late December.

Stephane Bancel speaks during the World Medical Innovation Forum in Boston in 2017
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Stephane Bancel speaks during the World Medical Innovation Forum in Boston in 2017Credit: Getty Images - Getty
Moderna is testing a vaccine, and the world is waiting
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Moderna is testing a vaccine, and the world is waitingCredit: EPA

Who owns Moderna?

French billionaire Stephane Bancel is the CEO of Moderna and has a nine percent stake in the company.

His net worth is about $1 billion.

The board of directors of Moderna consists of nine people, including Bancel and co-founder and chairman Noubar Afeyan.

Where is Moderna located?

The biotechnology company is located in Cambridge, Massachusetts.

It was founded in 2010.

Where is Moderna located?

The biotechnology company is located in Cambridge, Massachusetts.

It was founded in 2010.

 

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