Moderna vaccine results November company CEO - Moderna will know in November if its coronavirus vaccine works against to protect against the disease, according to its CEO, Stephane Bancel, in an interview with CNBC.
The company is in the final phase of clinical trials testing its vaccine candidate on 30,000 volunteers and assures that it will have enough data by the end of the autumn to verify that the vaccine is safe and effective.
However, Bancel warns that trials also depend on the prevalence of the virus: the lower the prevalence, the slower the trials will go.
"If the infection rate in the country decreases in the coming weeks, [the vaccine] could be pushed in the worst case until December,"he adds.
Moderna vaccine results November company CEO
Moderna's vaccine, the first to begin testing in humans, is based on messenger RNA and has already shown some hopeful initial results. If approved, it would be the first time that a vaccine that has been developed with this type of platform is approved.
If there are no delays in the timetable, the candidate would be one of the first to reach the market (although it would not be available for mass distribution until 2021) and the European Union is in talks with biotechnology to ensure access to 80 million doses.
The company has not yet put official numbers on its vaccine, but it has advanced that it values to market it at a price for the duration of the pandemic and raise it afterwards. The biotech company may be considering selling the dose for between 25 and 30 dollars (between 21 and 25 euros), according to sources familiar with the subject to the Financial Times. Considering that two doses would be needed, this puts the final price of the Moderna vaccine between 50 and 60 dollars(between 42.6 and 51 euros).
End of Moderna vaccine results November company CEO
"The only thing that can help us is a vaccine," laments Pedro Camara, CEO of travelgatex tourist connections marketplace
The tourism industry does not raise its head.
After a summer to forget, the World Tourism Organization announced that the sector will not recover pre-pandemic rates until late 2021 or early 2022. The crisis has put countless jobs at stake and resulted in a significant loss of GDP.
Throughout the pandemic, TravelgateX has created an interactive panel that demonstrates this and reflects an overall drop of 50% reservations.
Pedro Camara goes from 8 years ago, this marketplace global connections tourism and has spoken in an interview to Business Insider Spain about the behavior of stocks during the summer months, of how it's going to be the way of the coming months and the role of technology in the recovery of such an important sector for the Spanish economy.
In Spain, Camara highlights last-minute reservations, with one day and even just a few hours in advance of check-in. "More than 65% or 70% have been so," notes the engineer.
In addition, holiday packages that were normally one week this year have been very short, with holidays of only 3 or 4 days. Groups are also shrinking and fewer people have travelled together this summer. "Most couples," he points out.
The data points to Andalusia as the preferred destination for tourists this year, as well as the islands, where reservations have risen a lot compared to previous years, according to TravelgateX.
"People have preferred to avoid planes or reduce them to the minimum possible," says Camara. "Even if the Germans or the English continued to come, it was nothing compared to other years when the majority of tourists were international. People have stayed at home this summer and so the majority have been Spaniards."
"New basic health requirements are emerging," says Camara. "Some information that hotels are not yet covering is being asked to reach customers, who demand things that previously did not exist."
Camara points out that there will be more and more dependence on technology, as there is a need on the part of the customer to know exactly where he is going. "Hotels need technology to provide all that information, because you can't do everything manually," he says.
On this technology applied to tourism, the CEO of TravelgateX says that every year there is talk of the same (like augmented reality), but with the Pandemic there has only been a race towards automation in order to save costs and for a health issue.
"The same thing happens with Big Data, we talk about it being the future when it's already here and it's necessary for that automation," Camara explains to this newspaper. It exemplifies customer service services based on automatic bots that answer customer questions on hotel websites and offer personalized recommendations.
Given the situation of the sector, the entrepreneur advises looking for ways to make your business increasingly efficient using technology to optimize processes that were previously very manual.
The tourism products sales marketplace saw business fall by 70% this year, which has forced them to significantly lower the forecast for 2020.
"If we reach 50% last year we are fine, but the forecast was to go up at least 80%. We were going down that road and in January we were 90% above the 2019 figures, but then we fell," he explains.
With the arrival of the end of August, the business plummeted again, something that every day notice more. Despite this, he explains, it is normal in September due to the seasonality of the industry. "It is usually revived in winter with the arrival of foreigners, but the borders are still closed," he regrets.
Despite the bad forecasts, they believe they will survive
"People have no certainty of being able to travel. Everyone has waited until the last moment because they have no confidence in what will happen tomorrow, " he says. "You only travel when you're fine, not when you have other bigger problems in your head, as it is now."
Even if they maintain the desire to travel, he adds, people do not have the money to do so and have to save because they do not know what will come.
From TravelgateX they point out that until April or May the situation will not change and are preparing internally for it: saving as much as possible and avoiding costs. Faced with a winter that "will not be easy", they believe that the only thing that can help them is a vaccine.
"Even if it is complicated, I think we will survive as a company because we have the strength to survive this winter. If there is one good thing we have learned from all this is to focus on the business, give value to the customer and take care of it, so that we can continue to grow," he says.