Updated

Pfizer and its partner BioNTech plan filed for FDA emergency approval for its coronavirus vaccine on Friday.

The two companies confirmed their intention to file on Friday in a statement released hours earlier.

Pfizer and BioNTech are currently in Phase 3 trials on the vaccine as is fellow pharmaceutical giant, Moderna.

In the press release, the companies said that their vaccine would be ready to ship "within hours" of approval. 

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