English (India)

Trump indicated COVID-19 vaccine by late Oct

calendar 09/09/2020 - 17:19 UTC

On Monday, in his Labor Day Speech and Q&A session, Trump virtually hinted that the U.S. version of the COVID-19 vaccine may get the required approval for emergency usage by late Oct.

So we’re going to have a vaccine very soon, maybe even before a very special date. You know what date I’m talking about. I don’t want the achievement for myself; I want something that’s going to make people better that people aren’t going to get sick with. That includes therapeutics, where we’re doing equally as well---Therapeutics.

And what’s happening is, all of a sudden, you’ll have this incredible vaccine, and because of that fake rhetoric — it’s political rhetoric; that’s all it is. Just for politics. Because now they see we’ve done an incredible job, and in speed like nobody has ever seen before. This could’ve taken two or three years, and instead it’s going to be — it’s going to be done in a very short of a period of time--Could even have it during the month of October.

No, I didn’t say (vaccine will be on the market by the end of October, before the election) — I didn’t say “they will.” I said, “By the end of the year.” No, but you’re not quoting me accurately. I said that vaccines will be on the market before the end of the year, but they may even be on the market — they may even be developed and fully developed, tested, and everything else. What I said is “by the end of the year.” But I think it could even be sooner than that. It could be during the month of October, actually---Could be before November.

Bottom line:

Although the COVID-19 vaccine is slated to launch after Dec’20, as the 3rd stage trial process has been fast-tracked, the COVID-19 vaccine may be launched late Oct (for emergency usage). Trump clarified the late Oct launch of the COVID-19 vaccine is a probability only. Thus the 22nd Oct meeting of the U.S. FDA will be closely watched for the official approval of a COVID-19 vaccine. Any COVID-19 vaccine will be positive for public confidence and Trump’s prospect for the Nov election.


news banner

The materials contained on this document are not made by iFOREX but by an independent third party and should not in any way be construed, either explicitly or implicitly, directly or indirectly, as investment advice, recommendation or suggestion of an investment strategy with respect to a financial instrument, in any manner whatsoever. Any indication of past performance or simulated past performance included in this document is not a reliable indicator of future results. For the full disclaimer click here.