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Pin to quick picksAstrazeneca Share News (AZN)

Share Price Information for Astrazeneca (AZN)

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Share Price: 12,118.00
Bid: 12,120.00
Ask: 12,124.00
Change: 68.00 (0.56%)
Spread: 4.00 (0.033%)
Open: 11,966.00
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First doses of AstraZeneca vaccine to arrive in Brazil by February, health minister says

Wed, 02nd Dec 2020 14:59

BRASILIA, Dec 2 (Reuters) - The first batch of AstraZeneca's
COVID-19 vaccine candidate will arrive in Brazil between
January and February next year, Health Minister Eduardo Pazuello
said on Wednesday, with 100 million doses to arrive in the first
half of 2021.

Speaking with lawmakers, Pazuello said the government had
released funds to the Fiocruz biomedical institute in Rio de
Janeiro, which will receive supplies from the company and
eventually produce the vaccine locally.

"To leave things clear, in January or February, 15 million
doses ... will start to arrive," he said. "By the first half of
the year, we will be at 100 million doses. In the second half,
with the technology transfer ready, we will be able to
manufacture 160 million more doses, so just there we have 260
million doses."

Although officials say they can start making COVID-19
vaccines within a year, experts say it will take at least twice
as long, which could leaving Brazil reliant on imports.

The deal with AstraZeneca requires the federal government to
buy 30 million doses of the company's vaccine at a cost of $97
million. It also gives Brazil priority to buy 70 million more
doses if the vaccine works.

As part of the deal, AstraZeneca will also transfer
technology so Brazil can eventually produce the vaccine
domestically.
(Reporting by Maria Carolina Marcello; writing by Gabriel
Stargardter; editing by Mark Potter)

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