Live Updates: Moderna coronavirus vaccine is 94.5% effective, company reports

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Moderna, joins Pfizer, says vaccine is highly effective in preventing COVID-19

Fox News medical contributor Dr. Nicole Saphier breaks down the effectiveness of available coronavirus testing.

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

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