"Positive interim analysis from our Phase 3 study has given us the first clinical validation that our vaccine can prevent Covid-19 disease, including severe disease," says Stephane Bancel, Moderna's CEO.
Moderna has announced its experimental vaccine against Covid-19 was shown to be 94.5 percent effective according to early results from a clinical trial with more than 30,000 participants.
"This positive interim analysis from our Phase 3 study has given us the first clinical validation that our vaccine can prevent Covid-19 disease, including severe disease," said Stephane Bancel, Moderna's CEO.
"We are going to have a vaccine that can stop Covid-19," Moderna President Stephen Hoge said in a telephone interview.
Hoge welcomed the "really important milestone" but said having similar results from two different companies is what's most reassuring.
"That should give us all hope that actually a vaccine is going to be able to stop this pandemic and hopefully get us back to our lives," Hoge said.
It won't be Moderna alone that solves this problem, he said. "It's going to require many vaccines," to meet the global demand, he added.
We just announced that mRNA-1273, our COVID-19 vaccine candidate, has met its primary efficacy endpoint in the first interim analysis of the Phase 3 COVE study.— Moderna (@moderna_tx) November 16, 2020
Read more: https://t.co/vYWEy8CKCv pic.twitter.com/YuLubU1tlx
US now has two vaccines for emergency use
Together with Pfizer Inc's vaccine, which is also more than 90 percent effective, and pending more safety data and regulatory review, the United States could have two vaccines authorised for emergency use in December with as many as 60 million doses of vaccine available this year.
Next year, the US government could have access to more than 1 billion doses just from the two vaccine makers, more than needed for the country's 330 million residents.
The vaccines, both developed with a new technology known as messenger RNA (mRNA), represent powerful tools to fight a pandemic that has infected 54 million people worldwide and killed 1.3 million.
The news also comes at a time when Covid-19 cases are soaring, hitting new records in the United States and pushing some European countries back into lockdowns.
READ MORE: Moderna says Covid-19 vaccine 94.5% effective – latest updates
Moderna's interim analysis was based on 95 infections among trial participants who received either a placebo or the vaccine.
Of those, only five infections occurred in those who received the vaccine, which is administered in two shots 28 days apart.
"This news from Moderna is tremendously exciting and considerably boosts optimism that we will have a choice of good vaccines in the next few months," said Peter Openshaw, professor of experimental medicine at Imperial College London.
"This latest press release is based on a study of 30,000 US adults, including many high-risk or elderly persons. This gives us confidence that the results are relevant in the people who are most at risk of Covid-19."
Moderna expects to have enough safety data required for US authorisation in the next week or so and the company expects to file for emergency use authorisation (EUA) in the coming weeks.
The company's shares rose 9.1 percent in premarket trading and European stocks and Wall Street stock futures jumped on the vaccine update. The benchmark S&P 500 futures rose 1.3 percent, stopping just short of a fresh record high, while the pan-European STOXX 600 hit late-February highs.
READ MORE: J&J starts two-dose trial of its Covid-19 vaccine candidate
Moderna drug easier to distribute
A key advantage of Moderna's vaccine is that it does not need ultra-cold storage like Pfizer's, making it easier to distribute.
Moderna expects it to be stable at normal fridge temperatures of 2 to 8 degrees Celsius (36 to 48°F) for 30 days and it can be stored for up to 6 months at -20C.
Pfizer's vaccine must be shipped and stored at -70C, the sort of temperature typical of an Antarctic winter. It can be stored for up to five days at standard refrigerator temperatures or for up to 15 days in a thermal shipping box.
The data from Moderna's trial involving 30,000 volunteers also showed the vaccine prevented cases of severe Covid-19, a question that still remains with the Pfizer vaccine.
Of the 95 cases in Moderna's trial, 11 were severe and all 11 occurred among volunteers who got the placebo.
20 million doses for US
Moderna, part of the US government's Operation Warp Speed programme, expects to produce about 20 million doses for the United States this year, millions of which the company has already made and is ready to ship if it gets FDA authorisation.
"Assuming we get an emergency use authorisation, we'll be ready to ship through Warp Speed almost in hours," Hoge said. "So it could start being distributed instantly."
The 95 cases of Covid-19 included several key groups who are at increased risk for severe disease, including 15 cases in adults aged 65 and older and 20 in participants from racially diverse groups.
"We will need much more data and a full report or publication to see if the benefit is consistent across all groups, notably the elderly, but this is definitely encouraging progress, said Stephen Evans, professor of pharmacoepidemiology, London School of Hygiene and Tropical Medicine.
READ MORE: Trust in vaccines vital to halting pandemic: WHO
EU hails Moderna's positive results
Meanwhile, the European Commission said that positive results announced by Moderna were encouraging and said the bloc was working to sign more supply deals with vaccine makers.
"More encouraging news from #COVID19 vaccine trials w/@moderna," EU health commissioner Stella Kyriakides said on Twitter.
The EU has been in talks with Moderna for its experimental Covid-19 vaccine at least since July, an internal EU document seen by Reuters news agency showed.
On August 24 the EU Commission, which conducts talks with vaccine makers on behalf of EU states, said exploratory talks with Moderna had been concluded with the aim of signing a contract for the supply of 80 million doses of its vaccine, with the option of buying another 80 million.
"Signing contract w/ @pfizer & @BioNTech_Group later this week, more to come soon," Kyriakides said on Monday.
Last week the Commission reached a deal with Pfizer and BioNTech on the supply of their potential Covid-19 vaccine hours after the companies announced their positive results, EU officials said, adding that the timing was a coincidence.
The formal signing of that contract is expected later this week.
More encouraging news from #COVID19 vaccine trials w/@moderna_tx publishing successful results today.— Stella Kyriakides (@SKyriakidesEU) November 16, 2020
We are doing everything we can to secure safe & effective vaccines.
Signing contract w/ @pfizer & @BioNTech_Group later this week, more to come soon. pic.twitter.com/eFTrU7AOAJ
Rolling review launched
Most side effects were mild to moderate. A significant proportion of volunteers, however, experienced more severe aches and pains after taking the second dose, including about 10 percent who had fatigue severe enough to interfere with daily activities while another 9 percent had severe body aches.
Most of these complaints were generally short-lived, Moderna said.
Moderna also said it would use its data to seek authorisation in Europe and other regions.
Europe's health regulator said on Monday it had launched a real-time "rolling review" of Moderna's vaccine, following similar reviews of vaccines from Pfizer and AstraZeneca.
Other countries such as China and Russia have already begun vaccinations.
Russia licensed its Sputnik-V Covid-19 vaccine for domestic use in August before it released data from large-scale trials.
It said on November 11 that its vaccine was 92 percent effective based on 20 infections in its large trial.
READ MORE: Russia: Sputnik V coronavirus vaccine 92 percent effective