As states across the U.S. consider how to safely reopen from ongoing coronavirus-related shutdowns, much of the discussion hinges on the ability to develop and distribute an effective treatment or vaccine.
Based on “staggeringly good” results being touted by President Donald Trump this week, Americans have reason for optimism that a medication could be available sooner than most would expect.
U.S. biotech firm Moderna announced on Monday that its researchers had achieved a significant breakthrough in the development of a COVID-19 vaccine. The company added that it was prepared to move from the first phase of testing to the second.
“Tremendously good and positive information”
A spike in the stock market coincided with the announcement and the market closed out the day more than 900 points higher than at the opening bell. Trump referenced that news during a White House meeting on Monday.
“And you’re seeing it maybe today for the first time, where not only are the markets up tremendously, but we’ve had tremendous — tremendously good and positive information on therapeutics, on cures, and on vaccines from some of the most respected companies in the world, and researchers, and doctors, and labs,” he said.
As a result of the encouraging trends, Trump predicted that “you’re very close to having a very, very positive situation” with respect to the nation’s coronavirus response.
He then shifted to the progress being reported by Moderna, declaring that the firm has achieved “incredible” results in the rush for a vaccine.
“And I’ve seen results, and the results are staggeringly good,” Trump added. “So, I’m very happy.”
“Like you haven’t seen in a long time”
Tying the medical news to his continued effort to restart the economy, he described the stock market as “up very big” and predicted a resounding recovery will follow the introduction of an effective treatment.
“I think we’re going to have a transition in the third quarter … and the transition is going to lead to a very good fourth quarter,” Trump said. “And I think we’re going to have a year next year — because of all the stimulus and everything else, and the pent-up demand — like you haven’t seen in a long time.”
Although many experts believe a COVID-19 vaccine will be available faster than a similar treatment for most other diseases, most agree that a 12- to 18-month timeline is most likely.
Nevertheless, Trump maintains optimism as the private and public sector work tirelessly in pursuit of a game-changing breakthrough. Such confidence and hope are among the traits millions of Americans will appreciate from the commander in chief.