The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAstrazeneca Share News (AZN)

Share Price Information for Astrazeneca (AZN)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 11,988.00
Bid: 12,016.00
Ask: 12,020.00
Change: -38.00 (-0.32%)
Spread: 4.00 (0.033%)
Open: 12,070.00
High: 12,144.00
Low: 11,882.00
Prev. Close: 12,026.00
AZN Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

EU snubs extra 300 mln J&J, Astra shots in bet on Pfizer-source

Wed, 21st Apr 2021 14:30

* EU is not taking extra doses under existing contracts

* No decision on whether EU may seek new AZ, J&J contracts

* EU betting on mRNA vaccines, in talks for Pfizer mega-deal

By Francesco Guarascio

BRUSSELS, April 21 (Reuters) - The European Union won't take
up an extra 300 million doses of AstraZeneca and Johnson
& Johnson COVID-19 vaccines that it has secured as
options under existing contracts, a senior EU official told
Reuters.

The decision is the latest sign Brussels is looking to
distance itself from AstraZeneca amid simmering tensions after
the drugmaker slashed its delivery targets due to production
problems.

It is also further evidence the bloc is sidelining vaccines
that have been linked with a very rare, but potentially fatal
side effect, and is confident current suppliers - led by
Pfizer/BioNTech - will deliver enough doses to
inoculate at least 70% of EU adults by the end of the summer.

Recently, the EU has sought to buy more shots from Pfizer
and its partner BioNTech, stepping up its bets on the messenger
RNA (mRNA) technology they use, as opposed to the viral vector
technology used by AstraZeneca and J&J.

The 27-nation bloc has a contract for a total of 400 million
doses with J&J, of which only 200 million have already been
ordered, and a separate contract with AstraZeneca for 400
million shots, of which only 300 million have been bought.

"There is no need to exercise the options" for the extra
doses, the official who is directly involved in talks with
vaccine makers said.

EU governments are under pressure to accelerate vaccination
programmes, which have lagged those in Britain and the United
States due to supply delays and safety concerns, to help tame a
third wave of infections.

A spokesman for the European Commission, which coordinates
talks with vaccine makers, said options can be exercised at any
time, but declined further comment.

The official, who asked not to be named because the matter
is confidential, said discussions were ongoing about further
supplies for booster shots and coronavirus variants, and it was
premature to rule AstraZeneca and J&J out of future contracts.

But the technology on which their shots are based is less
appealing than other vaccine platforms, the official said. Last
week, Italian newspaper La Stampa said the EU would not renew
contracts with the companies when they expire.

Both vaccines have been linked to very rare cases of blood
clots, which have led to temporary suspensions of their rollout
in Europe, although the EU drugs regulator has concluded the
benefits of both vaccines outweigh the risks.

Both companies have also had production problems, with
AstraZeneca in particular slashing its EU supply targets by two
thirds to 100 million doses by the end of June, sparking fury in
Brussels.

The EU official said AstraZeneca's supply problems had
convinced EU negotiators not to seek the optional doses from the
company. Under the contract, that option should have been
exercised by early March, although the EU could have still tried
to order more doses after then.

A spokesman for AstraZeneca declined to comment.

The EU official added that, in the case of J&J, initial
safety concerns about viral vector technology had pushed
negotiators not to seek optional doses and might also prevent
talks for a new contract.

A spokeswoman for J&J declined to comment.

The EU's existing COVID-19 vaccine contracts have been
widely criticised for being too lenient with companies because
they set quarterly rather than monthly delivery targets,
although other countries have done the same.

Last week, the Commission said it was starting talks with
Pfizer and BioNTech to buy up to 1.8 billion vaccine doses for
the coming years under a new contract with monthly targets, as
it prepares for the possible spread of new virus variants and
potential waning protection from initial shots.

The EU source said the new contract with Pfizer and BioNTech
was expected to meet a large share of the EU's demand in 2022
and 2023.

The bloc, with a population of nearly 450 million, has
already ordered 600 million Pfizer/BioNTech vaccines for this
year. It has also bought 310 million doses from Moderna
to be delivered this year, and has an option to buy another 150
million doses next year. Moderna also uses mRNA technology.

The EU also has contracts with CureVac and Sanofi, but
neither of them has completed clinical trials.
(Reporting by Francesco Guarascio @fraguarascio;
Editing by Josephine Mason and Mark Potter)

More News
3 Jan 2024 08:58

LONDON MARKET OPEN: Stocks mixed pre-Fed minutes, amid Asia losses

(Alliance News) - Stock prices in London opened mixed on Wednesday, ahead of US Federal Reserve meeting minutes and manufacturing PMI data for the US in the evening and afternoon respectively.

Read more
3 Jan 2024 08:04

C4X receives USD11 million from AstraZeneca following NRF2 trials

(Alliance News) - C4X Discovery Holdings PLC on Wednesday said it has received payment from AstraZeneca PLC following trials of the C4X respiratory disease therapy treatment.

Read more
3 Jan 2024 07:54

LONDON BRIEFING: Stocks to open flat pre-Fed minutes, jobs data

(Alliance News) - The FTSE 100 is expected to open flat on Wednesday, as London's flagship index celebrates its 40th anniversary, after mostly downbeat trading in Asia and a tech sell-off in New York.

Read more
2 Jan 2024 17:05

British equities slip on higher yields, financials drag

FTSE 100 down 0.2%, FTSE 250 off 0.9%

*

Read more
2 Jan 2024 12:01

LONDON MARKET MIDDAY: London stocks make largely soft start to 2024

(Alliance News) - Stock prices in London were mostly lower at midday on Tuesday in a slow start to the new year, reacting to the UK manufacturing sector finishing a tricky 2023 with a further contraction in December.

Read more
2 Jan 2024 11:00

Weight-loss drugs: Who, and what, are they good for?

Jan 2 (Reuters) - Powerful weight-loss medicines like Novo Nordisk's Wegovy leapt into public view in 2023, from social media to doctors' offices and cocktail parties, offering a new way to address record obesity rates.

Read more
2 Jan 2024 11:00

What other health conditions might weight-loss drugs treat?

Jan 2 (Reuters) - Novo Nordisk's blockbuster diabetes drug Ozempic and weight-loss therapy Wegovy are being studied to see whether they can improve health in other ways.

Read more
2 Jan 2024 08:48

LONDON MARKET OPEN: New Year begins largely green amid slew of PMIs

(Alliance News) - Stock prices in London opened mostly up on Tuesday, the first day of trading in 2024, reacting to slightly improved factory activity in China, with more manufacturing PMIs from major economies due.

Read more
2 Jan 2024 08:26

AstraZeneca and Sanofi received approval in China for RSV antibody

(Alliance News) - AstraZeneca PLC and Sanofi SA's long-acting monoclonal antibody Beyfortus received approval for use in China to prevent respiratory syncytial virus disease, Astra said on Tuesday.

Read more
2 Jan 2024 07:57

LONDON BRIEFING: AstraZeneca, Sanofi's RSV treatment approved in China

(Alliance News) - Stock prices in London are expected to open higher on Tuesday, reacting to a slight expansion in manufacturing activity in China and ahead of a slew of manufacturing PMI data including for the UK.

Read more
27 Dec 2023 17:04

Rate-cut optimism, autos push UK stocks higher

FTSE 100 up 0.4%, FTSE 250 adds 0.5%

*

Read more
27 Dec 2023 17:02

LONDON MARKET CLOSE: Stocks start week higher as 2024 draws to close

(Alliance News) - Equities in London kicked off an abbreviated trading week with gains on Wednesday, on continued US interest rate optimism at the end of 2024.

Read more
27 Dec 2023 14:25

London close: Stocks maintain gains amid post-Christmas rally

(Sharecast News) - London's stock markets closed in positive territory on Wednesday, buoyed by a global surge in stock prices as the S&P 500 neared an all-time high on Wall Street.

Read more
27 Dec 2023 12:06

LONDON MARKET MIDDAY: Stocks hold onto gains amid US rate cut hopes

(Alliance News) - London's FTSE 100 index was outperforming other European stock-price measures at midday on Wednesday, boosted by gains for miners and industrials.

Read more
27 Dec 2023 11:20

London midday: Stocks ride global wave of post-Christmas optimism

(Sharecast News) - London's equity markets were still above the waterline at lunchtime on Wednesday, following a late Santa rally on Wall Street overnight.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.