The coronavirus vaccine being developed by Pfizer and BioNTech has been
found to be 90% effective in preventing people from getting the virus.
Phase 3 of Pfizer's trial involved 43,538 participants from six countries. They received two doses of either the immunisation or a placebo, with 90% protected from the virus within 28 days of having their jabs.
Only 94 people who took part in the trial developed coronavirus and no serious safety concerns were reported, the US pharmaceutical firm said.
"Today is a great day for science and humanity. The first set of results from our Phase 3 COVID-19 vaccine trial provides the initial evidence of our vaccine's ability to prevent COVID-19," said Pfizer chairman and chief executive Dr Albert Bourla. The US and German companies say they can supply 50 million doses by the end of 2020 and 1.3 billion by the end of 2021.
The UK government has secured around 30 million doses - enough for 15 million people - in an agreement with the two firms.