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AstraZeneca announced on Monday that its vaccine was 79 percent effective in preventing symptomatic COVID-19 in Phase III U.S. testing with no safety concerns found.

The company said in a statement that the vaccine was also found to be 100 percent effective in preventing serious cases of the disease and hospitalizations.

AstraZeneca said it will submit the findings to the Food and Drug Administration in a bid for emergency use authorization in the U.S.