I’m hopeful that we’ll be able to administer doses of the vaccine this month: CEO

Dr. Shereef Elnahal, University Hospital CEO joins Yahoo Finance’s Anjalee Khemlani and the Yahoo Finance Live panel to discuss the latest COVID vaccine news.

Video Transcript

- But we begin this hour with the vaccine breakthrough, the UK government giving the green light to Pfizer and Biontech's coronavirus vaccine. Shares of Pfizer up in a big way in the session today. Regulators saying health care workers will begin vaccinations within a few days. Here in the US, we've got a CDC panel voting to give health-care workers and those in nursing care facilities the first doses of the coronavirus vaccine, once it's approved.

Let's bring in Dr. Shereef Elnahal. He is the CEO of University Hospital. And Doctor, you're one of the hospitals in New Jersey that can store these vaccines, when we're talking specifically about Pfizer with the cold storage that's necessary. Walk me through the steps right now, what you're doing logistically to prepare for this distribution.

SHEREEF ELNAHAL: Well, it's a really complicated process. First of all, the vaccine has to be stored at very cold temperatures. We're talking about negative 70 degrees Celsius, which is negative 94 degrees Fahrenheit, at every stage of its distribution, transport to points of care where it will eventually be administered. And we also have to make sure that our storage capacity is able to take it and to monitor the temperature the entire time that we have it. Even short periods of time where the temperature is off compromises the effectiveness of the vaccine. And we also have to make sure all of our staff are trained to administer it and also transport it to regional players who are going to give the vaccine.

So we've been preparing very diligently with the state and with the federal government and Operation Warp Speed. And we're actually going to be stress testing our ability to transport and deliver this vaccine in the coming days.

ANJALEE KHEMLANI: Dr. Elnahal, Anjalee here-- we know that one of the things that has been discussed-- and we heard it a lot yesterday at that ASIP meeting-- was nursing homes and the needs that they have. How do you envision the support that you're going to need to give these homes, not just with the vaccine distribution, but also, as I understand, the relationship between the hospital and nursing homes, when it comes to discharging patients? That seems like it's all wrapped up in one.

SHEREEF ELNAHAL: It really is, Anjalee. We're going to have to be supporting many points of care [AUDIO OUT] for our patients. Nursing homes were devastated by this pandemic. Some of the most vulnerable people in the country to this disease are residents of nursing homes, but also the staff. And in fact, the staff are known to have contracted the disease and actually given it to other facilities and other residents in other facilities, because many of these direct care workers have to have multiple jobs, based on their wages.