Pfizer Submits Application Requesting Full Approval From FDA for Its Covid-19 VaccinePfizer has initiated the process of seeking full FDA approval for its Covid-19 vaccine.

ByFatma Khaled

Opinions expressed by Entrepreneur contributors are their own.

Pfizer said on Friday that it began the application process seeking full FDA approval for its Covid-19 vaccine.

Pfizer and its partner BioNtech initiated the Biologic License Application (BLA) process, which requires six months of safety data, the companysaid in a statement. The data will include the company's analysis from its Phase 3 clinical trial, which showed vaccine efficacy and safety up to six months following injection of the second dose, along with manufacturing and facility records.

The full FDA approval will allow Pfizer to continue rolling out the Covid-19 vaccine after the pandemic ends and potentially change the prices of its doses,according toCNBC.

Related:Pfizer Vaccine to Be Approved for 12- to 15-Year-Olds

"We look forward to working with the FDA to complete this rolling submission and support their review, with the goal of securing full regulatory approval of the vaccine in the coming months," said Pfizer's CEO Albert Bourla.

The company is currently distributing the vaccine under the FDA approval of the Emergency Use Authorization (EUA), a status that is granted in emergencies like the pandemic, according toABC News. The EUA process requires only two months of safety data.

"The BLA submission is an important cornerstone of achieving long-term herd immunity and containing COVID-19 in the future," Ugur Sahin, CEO of BioNTech, said in a statement.

The FDA is likely to take several months to review the additional data and grant full approval, according toABC News.But Pfizer is seeking approval under a rolling submission basis, a faster process that allows the FDA to review data as soon as the company gets it.

Pfizer and BioNtech also submitted an application to expand their EUA to provide the Covid-19 vaccine to 12- to 15-year-olds. The drugmaker said it has so far delivered over 170 million doses of its vaccine in the U.S.

On Thursday, Modernasaid that it similarly plansto initiate its rolling submission for the BLA in May.

Fatma Khaled

Freelance Writer

Fatma Khaled covers different news beats ranging from tech, finance, retail and international business to human interest and social justice stories. She previously reported forBusiness Insider, TheStreetandNew York Daily News.

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