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Israel in talks for Pfizer's vaccine, official says

US drug company Pfizer said on Monday that its COVID-19 vaccine is more than 90% effective.

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A sign for Pfizer is seen outside the Pfizer headquarters on Nov. 9, 2020, in New York City. Pharmaceutical company Pfizer announced positive early results on its COVID-19 vaccine trial and says it's proven to be 90% effective in preventing infection. — David Dee Delgado/Getty Images)

The Israeli government is in talks to acquire the Pfizer-produced coronavirus vaccine, which the American drugmaker said Monday is more than 90% effective in preventing COVID-19.

Pfizer, which developed its experimental vaccine with German partner BioNTech, announced on Monday promising findings following phase 3 of the clinical trial. An initial analysis indicated an efficacy rate of more than 90% among participants without evidence of a prior COVID-19 infection.

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