With respect to the protection afforded by these vaccines, it's important to put the effect of neutralization antibodies into the broader context. With respect to the degree of neutralization that's elicited, it is one of the proxy measures for efficacy, but a particular threshold has not yet been determined on a global level of what is considered to be truly protective.
At this point, we note that the reduction in neutralization titers is notable, but it remains high and therefore we will need to continue to monitor the impact of this through ongoing clinical evaluation.