OPINION

Will vaccines end our economic slump?

Oped, Chartchai Parasuk, Published on 19/11/2020

» In the past week alone, we heard three good pieces of news about the success of Covid-19 vaccine developments from Pfizer, Moderna and Russia. All of them claim to have an above 90% efficacy rate. I was rather sceptical about Pfizer's vaccine for actual distribution for two reasons. First, the vaccine is required to be stored at -75C and lasts only five days in the refrigerator. Clearly, this vaccine is not appropriate for use outside the United States. Therefore, I am not surprised to learn that the CEO of the company unloaded his company's shares after the news was announced.