Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video 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: 12,148.00
Bid: 12,150.00
Ask: 12,152.00
Change: 98.00 (0.81%)
Spread: 2.00 (0.016%)
Open: 11,966.00
High: 12,162.00
Low: 11,966.00
Prev. Close: 12,050.00
AZN Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

EXPLAINER-Activists, drug groups split over suspending COVID-19 shot patents

Thu, 11th Mar 2021 07:08

(Repeats Wednesday article with no change to text)

By John Miller

ZURICH, March 10 (Reuters) - A World Trade Organization
(WTO) council is meeting this week to discuss a proposal by
India and South Africa that COVID-19 vaccine patents be
suspended to speed up technology transfers to manufacturers with
spare production capacity.

The idea seems simple, but some experts say it's not so
clear cut. Below we lay out the reasons.

WHAT'S BEING DISCUSSED?

In October, India and South Africa proposed suspending
provisions of the WTO's Agreement on Trade-Related Aspects of
Intellectual Property (IP) Rights, or TRIPS, contending they
hinder the COVID-19 fight and curb access to drugs.

Some 100 nations have expressed support, as has Doctors
Without Borders (MSF) and World Health Organization head Tedros
Adhanom Ghebreyesus.

"If a temporary waiver to patents cannot be issued now,
during these unprecedented times," he said, "when will be the
right time?"

MSF has said countries could immediately scale up
production, speeding deliveries to poorer nations that just now,
via the COVAX vaccine sharing scheme led by the GAVI vaccines
alliance, are getting shots after wealthier nations were first
in line.

The WTO's TRIPS Council, designed to monitor and resolve IP
issues, is expected to address the proposal at meetings on
Wednesday or Thursday.

WHY IS IT AN ISSUE NOW?

It has gained more support and attention as concerns grow
about getting shots to the world's poorest people while
shortages of supplies are hampering rollouts in even the
wealthiest regions of the world.

A report by anti-poverty campaigners published last month
said that rich countries have secured more than a billion more
doses than they need, highlighting the divide between rich and
poor.

WHO'S AGAINST IT?

Big drug companies oppose patent waivers, with the
Pharmaceutical Research and Manufacturers of America, or PhRMA,
saying there is no evidence it would boost vaccine production or
access. It said in a letter to U.S. President Joe Biden on March
5 that eliminating protections would undermine the global
response to the pandemic, including efforts to tackle new
variants, create confusion that could hurt public confidence in
vaccine safety and create a barrier to information sharing.

"The proposal marks a significant escalation in anti-IP
global activism and will further polarize legitimate
conversations on countries' engagement to combat the pandemic,"
PhRMA said.

Britain, Switzerland and the United States, home to big
pharmaceutical industries, dislike it too.

Industry contends that appropriate patent protections ensure
that private investors have an incentive to pump money into
research and development.

IS THERE A PRECEDENT FOR THIS?

Two decades ago, Mozambique, Zambia and Zimbabwe issued
compulsory licences for HIV/AIDS drugs, followed by Indonesia,
Malaysia and Brazil, which meant that governments were allowed
to waive IP rights without the licence owners' consent.

These moves, after talks with drugmakers failed, drastically
cut AIDS drug costs and boosted access.

Advocates including South Africa and India hope their
current waiver push reaps similar results, contending
"unhindered global sharing of technology and know-how" will
expand the COVID-19 response to neglected areas.

IS THERE A CASE OR A NEED FOR IT NOW?

Big Pharma, and even some groups pushing to accelerate
COVID-19 vaccine deliveries to developing nations, say
vaccine-making is difficult, so suspending patents alone won't
bring more shots.

The Developing Countries Vaccine Manufacturers Network
(DCVMN), which pushes for more manufacturing in poorer nations,
agrees giving away IP for the pandemic's duration is not the
answer.

Unlike the simpler-to-make AIDS drugs of two decades ago,
complex vaccines require deep cooperation between developers and
manufacturers, DCVMN President Sai Prasad said.

"It's not a single, monolithic IP that can manufacture these
products," said Prasad, also an executive at Indian vaccine
maker Bharat Biotech.

Oxford University's Sarah Gilbert, who partnered with
AstraZeneca on its vaccine, told British lawmakers much
the same.

"I really want to get rid of the idea that we should just be
sharing the IP and let everybody make their own vaccines,"
Gilbert said.

Vaccine makers are already cooperating, too, with Novartis
, Merck and Sanofi pitching in to help
numerous vaccine makers with manufacturing and fill-and-finish
capacity.

Richard Hatchett, who leads the Coalition for Epidemic
Preparedness Innovations (CEPI), an alliance promoting vaccine
development, said this week IP barriers were "not an acute
problem", and that bottlenecks like raw material shortages were
a bigger concern.

WHAT MIGHT BE THE OUTCOME OF THIS WEEK'S MEETINGS?

Newly installed WTO head Ngozi Okonjo-Iweala has hinted at a
compromise, what she called a "third way", to broaden patent
sharing within the existing framework of multilateral rules to
speed the COVID-19 response.

She said in a speech on Tuesday that the TRIPS Council
discussions were vitally important, but "the fact is that each
additional day the vaccine shortage continues, people will pay
with their lives".

Her idea has won support from the U.S. Chamber of Commerce,
an influential U.S. business lobby.
(Reporting by John Miller in Zurich, Stephanie Nebehay in
Geneva, Ludwig Burger in Frankfurt and Phil Blenkinsop in
Brussels;
Editing by Josephine Mason and Nick Macfie)

More News
Today 09:51

LONDON BROKER RATINGS: AstraZeneca target raised; Antofagasta lowered

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Friday:

Read more
6 May 2024 07:46

AstraZeneca completes collaboration and investment deal with Cellectis

(Alliance News) - AstraZeneca PLC on Monday said it has completed an equity investment in clinical-stage biotechnology company Cellectis, first announced in November.

Read more
3 May 2024 12:17

CORRECT: Angle shares up on assay development deal with AstraZeneca

(Correcting company name in headline)

Read more
3 May 2024 11:50

Angle shares up on assay development deal with AstraZenaca

(Alliance News) - Shares in Angle PLC jumped on Friday, after the company said it has been chosen to develop a prostate cancer assay using its Parsortix technology, opening the door for future clinical study-supporting contracts.

Read more
3 May 2024 07:50

LONDON BRIEFING: InterContinental Hotels makes first-quarter progress

(Alliance News) - London's FTSE 100 is called to open higher on Friday, on the expectation of a softer US jobs report, which could take some sting out of hawkish Federal Reserve interest rate expectations.

Read more
2 May 2024 10:04

AstraZeneca notes positive trial results for Calquence treatment

(Alliance News) - AstraZeneca PLC on Thursday said it observed positive high-level results in the Echo phase 3 trial of its Calquence treatment for previously untreated adult patients with mantle cell lymphoma.

Read more
2 May 2024 07:45

AstraZeneca reports positive results from blood cancer drug trial

(Sharecast News) - AstraZeneca has reported positive results from the use of its Calquence drug in a clinical trial to treat a rare type of blood cancer.

Read more
29 Apr 2024 22:52

J&J, Bristol Myers lose challenges to US drug price negotiation program

April 29 (Reuters) - A U.S. judge on Monday rejected a challenge by Bristol Myers Squibb and Johnson & Johnson to a law requiring them to negotiate the prices of their blockbuster blood clot prevention drugs with the U.S government's Medicare health insurance program or pay heavy penalties.

Read more
29 Apr 2024 10:02

LONDON BROKER RATINGS: Deutsche Bank likes Frasers; Barclays cuts JD

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

Read more
29 Apr 2024 09:13

AstraZeneca makes progress with Truqap and Enhertu cancer treatments

(Alliance News) - AstraZeneca PLC on Monday said its Truqap drug has been recommended for approval in the EU to treat a form of breast cancer, while also noting trial results for its Enhertu offering.

Read more
29 Apr 2024 07:50

LONDON BRIEFING: Hipgnosis Songs Fund backs new Blackstone bid

(Alliance News) - London's FTSE 100 is called to open higher on Monday, with heady gains for US tech stocks on Friday brightening the mood in Europe and Asia at the start of the new week.

Read more
29 Apr 2024 07:24

AstraZeneca makes progress with two breast cancer treatments

(Sharecast News) - AstraZeneca issued favourable updates on two of its breast cancer treatments on Monday - 'Truqap', or capivasertib, and 'Enhertu', or trastuzumab deruxtecan - following encouraging results from respective phase three trials.

Read more
26 Apr 2024 09:33

LONDON BROKER RATINGS: Peel Hunt cuts ConvaTec to 'reduce'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

Read more
25 Apr 2024 16:57

LONDON MARKET CLOSE: FTSE 100 shakes off red-hot US inflation gauge

(Alliance News) - London's FTSE 100 outperformed on Thursday, enjoying a solid rise on largely well-received corporate earnings and a share price jump for miner Anglo American after it received a takeover bid from peer BHP.

Read more
25 Apr 2024 15:14

London close: Stocks finish mixed as US GDP growth slows

(Sharecast News) - London's stock markets finished with a mixed performance on Thursday, as investors digested a slower-than-expected GDP growth reading from the United States, while a slew of well-received earnings underpinned the top-flight index.

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.