Moderna, Pfizer’s potential Covid-19 vaccines are ‘encouraging’: Dr. Brian Garibaldi

In This Article:

Moderna says its coronavirus vaccine is 94.5% effective against Covid-19. Dr. Brian Garibaldi - Johns Hopkins Biocontainment Unit Medical Director joins Yahoo Finance Live to weigh in on Moderna's latest break through and discuss the rise of coronavirus cases across the world.

Video Transcript

- Welcome back to Yahoo Finance Live. The markets today catching another boost from vaccine optimism as that continues to grow with Moderna self reporting more than 94% effective rate here for its experimental COVID-19 vaccine candidate. That slightly tops what we saw from Pfizer earlier this month, but despite that hope building in the distance the current pandemic continues to worsen here every day in the US.

The nation, as a whole, reporting about 150,000 cases a day and states are responding with more stringent responses, including a statewide lockdown taking effect across the entire state of New Mexico today. For more on where we're at in battling all this, we're joined once again by Dr. Brian Garibaldi. He's a Johns Hopkins Biocontainment Unit Medical Director and one of the doctors from the team that helped President Trump battle his own case of COVID-19 earlier this year.

And Dr. Garibaldi it's good to be chatting with you again. I want to start on the vaccine front, because of course, we've been talking a lot about Moderna's candidate today. The FDA announced that threshold back earlier this year that 50% efficacy was really what they were going to go for in approving these. 90% for Pfizer and now 94% from Moderna. But if the goal's herd immunity here, which some might take about 60% of the nation getting immunity, walk us through the numbers of why that number, in terms of the efficacy rate being now at 90% and above, why that's so important when you consider half of America is still a little on the fence here about actually getting vaccinated.

BRIAN GARIBALDI: Well, I think we should be all encouraged by the results that have come out from Pfizer and Moderna. You know, these are new types of vaccines that are, you know, have never really been used before widely, and so the fact that we now have two-- albeit preliminary results. We haven't seen all the data from these trials. They're both really encouraging, much greater effectiveness at reducing coronavirus in patients who receive the vaccine than we could have expected. So this is very encouraging and going exactly as you would hope. If we're hoping to get vaccines widely available in the coming months.

We still need to be very careful about how we message, you know, the effectiveness of these vaccines, being transparent about the process whereby we're going to review the safety data before these vaccines get approved. That I think the FDA really needs to think about, you know, what the best way to approach the approvals are. You know, we do have some data from surveys that people are a little bit less willing to take a vaccine that is approved under an Emergency Use Authorization as opposed to a full FDA approval. So I think, I'm sure the agency will be thinking about that as they review the data and think about next steps in terms of approving use vaccines for wider use.