The University of Oxford hopes to present late-stage trial results on its COVID-19 vaccine candidate this year though its top scientific investigator cautioned it would still take some time for life to return to normal.

A vaccine that works is seen as a game-changer in the battle against the coronavirus, which has killed more than 1.2 million people worldwide, shuttered swathes of the global economy and turned normal life upside down for billions of people.

"I'm optimistic that we could reach that point before the end of this year," Oxford Vaccine Trial Chief Investigator Andrew Pollard told British lawmakers of presenting trial results this year.