For the second time this month, there's promising news from a COVID-19 vaccine candidate: Moderna said Monday its shots provide strong protection, a dash of hope against the grim backdrop of coronavirus surges in the U.S. and around the world.

Moderna said its vaccine appears to be 94.5% effective, according to preliminary data from the company’s still ongoing study. A week ago, competitor Pfizer Inc. announced its own COVID-19 vaccine appeared similarly effective — news that puts both companies on track to seek permission within weeks for emergency use in the U.S.

Dr. Stephen Hoge, Moderna’s president, 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 told The Associated Press.

“It won’t be Moderna alone that solves this problem. It’s going to require many vaccines” to meet the global demand, he added.

A vaccine can’t come fast enough, as virus cases topped 11 million in the U.S. over the weekend — 1 million of them recorded in just the past week. The pandemic has killed more than 1.3 million people worldwide, more than 245,000 of them in the U.S.

Still, if the Food and Drug Administration allows emergency use of Moderna’s or Pfizer’s candidates, there will be limited, rationed supplies before the end of the year. Both require people to get two shots, several weeks apart. Moderna expects to have about 20 million doses, earmarked for the U.S., by the end of 2020. Pfizer and its German partner BioNTech expect to have about 50 million doses globally by year’s end.

Moderna’s vaccine, created with the National Institutes of Health, is being studied in 30,000 volunteers who received either the real vaccination or a dummy shot. On Sunday, an independent monitoring board broke the code to examine 95 infections that were recorded starting two weeks after volunteers' second dose — and discovered all but five illnesses occurred in participants who got the placebo.

The study is continuing, and Moderna acknowledged the protection rate might change as more COVID-19 infections are detected and added to the calculations. Also, it’s too soon to know how long protection lasts. Both cautions apply to Pfizer’s vaccine as well.

But Moderna’s independent monitors reported some additional, promising tidbits: All 11 severe COVID-19 cases were among placebo recipients, and there were no significant safety concerns.

The main side effects were fatigue, muscle aches and injection-site pain after the vaccine’s second dose, at rates that Hoge characterized as more common than with flu shots but on par with others such as shingles vaccine.

Moderna shares rocketed higher on the announcement and appeared to be headed for an all-time high Monday. The Cambridge, Massachusetts, company's vaccine is among 11 candidates in late-stage testing around the world, four of them in huge studies in the U.S.

Both Moderna's shots and the Pfizer-BioNTech candidate are so-called mRNA vaccines, a brand-new technology. They aren’t made with the coronavirus itself, meaning there’s no chance anyone could catch it from the shots. Instead, the vaccine contains a piece of genetic code that trains the immune system to recognize the spiked protein on the surface of the virus.

The strong results were a surprise. Scientists have warned for months that any COVID-19 shot may be only as good as flu vaccines, which are about 50% effective.

Another steep challenge: distributing doses that must be kept very cold. Both the Moderna and Pfizer shots are frozen but at different temperatures. Moderna announced Monday that once thawed, its doses can last longer in a refrigerator than initially thought, up to 30 days. Pfizer's shots require long-term storage at ultra-cold temperatures.

The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Department of Science Education. The AP is solely responsible for all content.

Share:
More In Science
The "Pokémon Go" of Crypto Is Coming
Joe Blackburn, the CEO of Crypto Coin Trader and head advisor at Crypto Hunt, explains how his company is using an augmented reality and blockchain game to help initiate users into crypto.
Closing Bell: February 23, 2018
This week's episode of Cheddar's Crypto Craze tackles the latest news and trends in this emerging market. Dropbox files to go public. The dow closes the week up more than 300 points. TV personality Kelly Killoren Bensimon is out with a fur slipper line.
SpaceX Continues Quest for Reusability
Hanneke Weitering, staff writer at Space.com, discusses SpaceX's launch of the Falcon 9 rocket that carried a Spanish imaging satellite and two demo Starlink broadband test satellites. With this technology, SpaceX hopes to provide high speed, low cost energy across the globe.
Weight Watchers Tries to Score Points With Teens
Weight Watchers is getting slammed after offering a free membership promotion for teenagers. Project Heal's Kristina Saffran joins Cheddar to discuss the effects early dieting can have on young people's health and wellness.
Science-Backed Sick Day
Cody Gough, podcast host at Curiosity.com, discusses new studies that reveal why we may not want to be around people when we're sick. He also describes the physical characteristics that tell people when we're feeling under the weather.
The Science of Adolescence
I-han Chou, senior editor at Nature, discusses a new study about adolescence and how that period of your life influences adulthood.
Protecting Batteries from Electric Cars to NASA Space Shuttles
Concerns over electronics' batteries overheating and potentially exploding have been circling for some time, reaching a head with Samsung's massive recall of its Note Seven phones. That is why KULR Technologies has created technology that protects batteries and material for everything from electric cars to NASA spaceships.
Fixing the Facebook Fake News Problem
Facebook is back under the microscope for failing to stop the spread of fake news. Sara Fischer, media reporter for AXIOS, joins to explain how the big tech companies are, or are not, addressing the problem.
The Polar Vortex Explained
Extreme weather across the nation this week. New York City, Philadelphia, and Washington, D.C. experiencing record high temperatures. Meanwhile, parts of Washington state and Denver are seeing record lows. Mashable's Andrew Freedman explains how the polar vortex split is causing wild weather coast to coast.
Why Is U.S. Weather So Crazy Right Now?
Temperatures in Washington, D.C., hit 82 degrees on Wednesday, while the West Coast braced for record lows. Andrew Freedman, senior science editor at Mashable, says a "polar vortex split" is partly to blame.
Load More