• UK approves Pfizer-BioNTech COVID-19 vaccine, first in the world

Market news

2 December 2020

UK approves Pfizer-BioNTech COVID-19 vaccine, first in the world

Reuters reports that Britain on Wednesday became the first western country to approve a COVID-19 vaccine, jumping ahead of the United States and Europe.

The vaccine will be rolled out from early next week in a major coup for Prime Minister Boris Johnson's government, which has faced criticism over its handling of the coronavirus crisis.

A vaccine is seen as the best chance for the world to get back to some semblance of normality amid a pandemic which has killed nearly 1.5 million people and upended the global economy.

"The government has today accepted the recommendation from the independent Medicines and Healthcare products Regulatory Agency (MHRA) to approve Pfizer-BioNTech's COVID-19 vaccine for use," the government said.

Britain touted the approval as a global win and a ray of good hope amid the gloom as big powers race to approve an array of vaccines and inoculate their citizens.

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