Pfizer Says Its COVID-19 Vaccine <br />Is 90% Effective in Early Analysis.<br />The drug company made <br />the announcement on Monday.<br />Today is a great day for <br />science and humanity, Albert Bourla, Pfizer's chairman and chief executive, via statement.<br />We are reaching this critical milestone in our vaccine development program at a time when the world needs it most... , Albert Bourla, Pfizer's chairman and chief executive, via statement.<br />... with infection rates setting new records, hospitals nearing over-capacity and economies struggling to reopen, Albert Bourla, Pfizer's chairman and chief executive, via statement.<br />According to NBC News, President-elect Joe Biden said he learned of the development on Sunday night.<br />Though he was happy to hear about the progress, Biden said it's "important to understand that the end of the battle against Covid-19 is still months away.".<br />Today's news does not change this urgent reality. Americans will have to rely on masking, distancing, contact tracing, hand washing, <br />and other measures to keep themselves <br />safe well into next year, President-elect Joe Biden, via statement.<br />Pfizer added that it will wait to have two <br />months worth of safety data before applying <br />for emergency use authorization with <br />the U.S. Food and Drug Administration.<br />Based on current projections, Pfizer expects to produce up to 50 million global vaccine doses in 2020 and up to 1.3 billion doses in 2021
