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Pfizer coronavirus vaccine could be ready for emergency use by this fall

The pharmaceutical giant Pfizer said Tuesday that a new coronavirus vaccine could be tested as early as next week — with the potential for emergency use by fall, a report said Tuesday.

“This is a crisis right now, and a solution is desperately needed by all,” Pfizer Chief Executive Albert Bourla told the Wall Street Journal.

Pfizer is working with German-based BioNtech to deliver the possible vaccine. Clinical trials on human volunteers in Germany have already started.

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Health regulators in the US may approve testing the vaccine on humans by next week, Bourla told the paper.

If that timeline holds true, study results could be delivered within a month. Then, with favorable testing outcomes, the vaccine may be ready to distribute in emergency cases by the fall, Bourla said.

The New York-based corporation has invested $650 million into developing and possibly manufacturing the vaccine.

“You can imagine the demand for something like that will be extremely, extremely high,” Bourla told the Journal.

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But the odds of developing a successful vaccine are slim, with just 6 percent of them becoming market-ready after a series of strict tests, the report said, citing a 2013 study published by PLOS ONE.

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