By Quentin Fottrell, MarketWatch
Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases for the last three decades and an expert on pandemics for the last four decades, has weighed in on recent news that Russia has developed a vaccine, and is ready to start inoculating people with it.
“We have half a dozen or more vaccines, so if we wanted to take the chance of hurting a lot of people or giving them something that doesn’t work we could start doing this, you know, next week if we wanted to, but that’s not the way it works,” Fauci told ABC News in an interview late Tuesday.
“Having a vaccine and proving that a vaccine is safe and effective are two different things,” he told ABC’s /zigman2/quotes/203410047/composite DIS -1.27% Deborah Roberts. He said people need to understand that when they hear announcements from the Chinese or the Russians that we have a vaccine.
“I hope that the Russians have actually, definitively proven that the vaccine is safe and effective,” Fauci said. “I seriously doubt that they’ve done that.” He added, “We have a way of doing things in this country where we care about safety and we care about efficacy.”
Russian officials have likened the registration of the vaccine to the Cold War-era “Star Wars” space race. In fact, Russian President Vladimir Putin said one of his daughters has already received a dose of the vaccine, which has been named Sputnik-V.
Fauci, meanwhile, has been optimistic on a vaccine arriving at the end of 2020 or in early 2021, but he has also cautioned the public on their expectations for the effectiveness of any vaccine that is developed. Most scientists say it takes at least a year to develop a safe vaccine.
Fauci previously said he was hopeful that a coronavirus vaccine could be developed by early 2021, but he said that it’s unlikely that a vaccine will deliver 100% immunity; he said the best realistic outcome, based on other vaccines, would be 70% to 75% effective.
AstraZeneca /zigman2/quotes/200304487/composite AZN +0.21% in combination with Oxford University, BioNTech SE /zigman2/quotes/214419716/composite BNTX -2.43% and partner Pfizer /zigman2/quotes/202877789/composite PFE -0.09% , GlaxoSmithKline /zigman2/quotes/209463850/composite GSK +0.75% , Johnson & Johnson /zigman2/quotes/201724570/composite JNJ +0.22% , Merck & Co. ID:MERK -1.19% , Moderna /zigman2/quotes/205619834/composite MRNA +1.91% , and Sanofi /zigman2/quotes/202859081/composite SAN -3.36% , among others, are currently working on COVID-19 vaccines.
“What I’m shooting for is that, with a vaccine and good public-health measures, we can bring it down to somewhere between really good control and elimination,” he told Abdullah Shihipar, a public-health research associate at Brown University in a recent interview .
Previous studies have found that, on average, the flu vaccine is about 50% to 60% effective for healthy adults aged 18 to 64. “The vaccine may sometimes be less effective,” it said . “Even when the vaccine doesn’t completely prevent the flu, it may lessen the severity of your illness.”
Stephen Hahn, commissioner of the Food and Drug Administration, said last month that the agency would green light a coronavirus vaccine as long as it’s 50% effective. “We all want a vaccine tomorrow, that’s unrealistic,” he said.
The U.S. has the world’s highest number of COVID-19 cases (5,190,948) and deaths (165,883), followed by Brazil (103,026), Mexico (53,929) and the U.K. (46,791). As of Wednesday, there have been 20,452,313 confirmed cases of coronavirus worldwide and 745,600 deaths.
The Dow Jones Industrial Index /zigman2/quotes/210598065/realtime DJIA -0.25% , S&P 500 /zigman2/quotes/210599714/realtime SPX -0.38% and Nasdaq Composite /zigman2/quotes/210598365/realtime COMP -0.34% closed higher Wednesday as investors awaited progress on round two of a fiscal stimulus during the coronavirus pandemic.
<STRONG /> <STRONG /> In the absence of a vaccine, health experts say social distancing and masks are the only alternative as “herd immunity” — where those who are immune protect the most vulnerable in the population — is not feasible for coronavirus. That requires a very high level of population immunity.