Coronavirus: Moderna CEO on timeline for phase one vaccine results

CNBC's Meg Tirrell talks with Moderna CEO Stephane Bancel and Regeneron CEO Leonard Schleifer about the race to a coronavirus treatment during CNBC's Healthy Returns event.

Moderna said on Tuesday the U.S. Food and Drug Administration granted “fast track” designation to its experimental coronavirus vaccine, a move that speeds up the regulatory review process.

Moderna has been racing to develop a safe and effective vaccine against the novel coronavirus that has killed more than 285,000 people globally.

A vaccine or treatment that gets the “fast track” designation is eligible for the agency’s “priority review” status, under which the FDA aims to take a decision on approving the drug within six months.

More than 100 potential COVID-19 vaccines are being developed, including several in clinical trials, but the World Health Organization in April had warned that a vaccine would take at least 12 months.

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Видео Coronavirus: Moderna CEO on timeline for phase one vaccine results канала CNBC Television