The US is one step closer to a COVID-19 vaccine

AstraZeneca could have a viable vaccine by November

The week started with good news from the US Food and Drug Administration (#FDA). The federal agency issued an “emergency use authorization” (EUA) for convalescent plasma to be used as a treatment for hospitalized #COVID-19 cases.

According to the FDA, there is enough scientific evidence that showed that the antibody-rich plasma “may be effective,” and the possible benefits outweigh the potential risks. "Today’s action follows the FDA’s extensive review of the science and data generated over the past several months stemming from efforts to facilitate emergency access to convalescent plasma for patients as clinical trials to definitively demonstrate safety and efficacy remain ongoing."

This EUA will facilitate the distribution of convalescent plasma in the States and its use by healthcare providers.

Ahead of the presidential elections, this is seen as a victory for the Trump administration. Related to the subject, President #Trump is considering fast-tracking AstraZeneca’s COVID-19 vaccine candidate. He wants it done and available to Americans before the election.

AstraZeneca’s potential #vaccine produced a “strong immune response” during the first two phases of clinical trials. Currently, it has advanced to Phase III trials.

Following the announcement, the company's stock price rose by nearly 4%.

Sources: marketwatch.com, thestreet.com