"Australians will gain free access to a COVID-19 vaccine in 2021 if trials prove successful", Mr Morrison said.
"This pre-clinical study further validates our confidence in our SARS-CoV-2 vaccine candidate", Stoffels said on animal testing results.
Scott Morrison said there were "no guarantees" these vaccines would prove successful.More news: Honor Watch GS and Honor Watch ES launched at IFA 2020
Participants in the phase three trial will be randomly chosen to receive a dose of the potential vaccine or the placebo, details of the trial reports, which will help determine whether the vaccine is safe and effective, researches will follow the participants for more than two years.
More than 95 per cent of the vaccine doses are expected to be manufactured in Australia, with each batch taking approximately one month to manufacture.
Coronavirus vaccines being developed by British and Queensland scientists could be available in Australia early next year under two deals struck by the Federal Government at a cost of $1.7 billion.More news: Labor Day gas prices are at their lowest since 2004
Australia said in August it had signed a preliminary agreement with AstraZeneca for enough doses for its population of almost 26 million, which would be manufactured locally by pharmaceutical company CSL. The University of Queensland is now undertaking a Phase 1 clinical study to assess the vaccine candidate's safety and immunogenicity in healthy volunteers. Both agreements allow for additional orders to be negotiated and for doses to be donated or on-sold (with no mark-up) to other countries or global organisations. To date it has generated strong immune responses, with no significant safety concerns.
Josue Bacaltchuk, vice president of medical affairs for Latin America for Janssen, J&J's Belgian unit developing the vaccine prototype, said countries hosting the trials would also likely get preferential access to vaccines once ready.
Australia's largest pharmaceutical company, said it had signed initial deals for the supply of vaccines against the novel coronavirus if they successfully complete clinical trials.More news: Everything you need to know about the Google Pixel 4a
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