Get All Access for $5/mo

Pfizer and BioNTech to Submit Emergency Authorization for Coronavirus Vaccine Today The drug companies are seeking the first coronavirus vaccine regulatory OK in the United States from the FDA.

By Dan Bova

Anadolu Agency | Getty Images

Pfizer and BioNTech say that their vaccine, called BNT162b2, could be available by the middle to end of December. Distribution would begin with high-risk populations in the United States.

The final analysis of Phase 3 of the clinical trial found that BNT162b2 was 95% effective in preventing infections and caused no serious safety concerns. This is based on a trial pool of 43,000 volunteers.

Related: A Year Ago, 'Patient 1' Was Infected With Covid-19

"Filing in the U.S. represents a critical milestone in our journey to deliver a Covid-19 vaccine to the world, and we now have a more complete picture of both the efficacy and safety profile of our vaccine, giving us confidence in its potential," Pfizer CEO Albert Bourla said in a statement.

As explained by CNN, an Emergency use authorization (or EUA) is not the same as full approval. It allows a product to be used in advance of all evidence being available for approval. For the FDA to grant the EUA, it will determine whether the vaccine's "known and potential benefits outweigh its known and potential risks."

Dan Bova

Entrepreneur Staff

VP of Special Projects

Dan Bova is the VP of Special Projects at Entrepreneur.com. He previously worked at Jimmy Kimmel Live, Maxim, and Spy magazine. His latest books for kids include This Day in History, Car and Driver's Trivia ZoneRoad & Track Crew's Big & Fast Cars, The Big Little Book of Awesome Stuff, and Wendell the Werewolf

Read his humor column This Should Be Fun if you want to feel better about yourself.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Science & Technology

5 Rule-Bending AI Hacks to Make Your Mornings More Productive and Profitable

By 2025, AI will transform productivity by streamlining workflows and cutting costs. Major companies like Microsoft, Google, and OpenAI are leading the way, advancing AI into "Phase 3," where tools act as digital assistants. Discover 5 AI hacks to boost efficiency and redefine your daily routine.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Marketing

5 Critical Mistakes to Avoid When Giving a Presentation

Are you tired of enduring dull presentations? Over the years, I have compiled a list of common presentation mistakes and how to avoid them. Here are my top five tips.

Business News

Former Steve Jobs Intern Says This Is How He Would Have Approached AI

The former intern is now the CEO of AI and data company DataStax.