The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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: 12,050.00
Bid: 12,038.00
Ask: 12,040.00
Change: 0.00 (0.00%)
Spread: 2.00 (0.017%)
Open: 0.00
High: 0.00
Low: 0.00
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

Germany's IDT warns against equipment price hike in scramble for COVID-19 vaccine

Tue, 28th Jul 2020 17:00

By Caroline Copley and Ludwig Burger

BERLIN/FRANKFURT, July 28 (Reuters) - A scramble to produce
COVID-19 vaccines is pushing up prices for some bottling
equipment and other raw materials, adding to industry concerns
about limited output, a German vaccine maker told Reuters.

Family-owned IDT Biologika produces viral vaccines for
pharmaceutical companies and is working on six COVID-19 projects
including AstraZeneca's experimental vaccine which has
been co-developed by Oxford University.

Based in Dessau-Rosslau in east Germany, IDT said it is
seeing bottlenecks for equipment like vials and had seen a few
cases of suppliers hiking prices.

"Our joint efforts to increase output volumes go hand in
hand with a need to have a responsible handling of prices to
keep production costs under control," Chief Science Officer
Andreas Neubert said in an interview.

"We have seen such examples (of price hikes) and those were
even quite considerable mark-ups," he added, declining to give
further details on which suppliers had increased prices.

The comments underscore growing concerns in the industry
about the hurdles of making, packaging and distributing billions
of doses all at once.

IDT, which has been in business for almost 100 years, has
applied to the German government for a 170 million euro ($199
million) grant to help it expand its development and testing and
production capacities.

IDT plans to build a new production line which will have
capacity to bottle an additional 380 million vaccine doses per
year, Neubert said.

Chief Executive Juergen Betzing said the company was only
able to fill a small part of the requests to fill vaccines as
they already had full order books. To take on additional
clients, they have to postpone other customers.

IDT is working with the German Centre for Infection Research
(DZIF) and partners in Munich, Marburg and Hamburg on its own
so-called viral vector vaccine and hopes to start early-stage
testing on some 100 people in Germany in September.

It aims to have capacity to produce up to 50 million doses
per year of the experimental vaccine which is based on the
Modified Vaccinia Ankara Virus developed for smallpox, Betzing
said.

Because the new vaccine is underpinned by proven technology,
it is likely to be safe and therefore potentially useful for
certain risk groups, such as elderly people, he added.

More than 150 vaccine candidates are in various stages of
development, with 23 prospects in human trials across the globe.
Moderna and Pfizer have launched two late-stage
studies that could clear the way for regulatory approval by the
end of the year.
($1 = 0.8525 euros)
(Reporting by Caroline Copley and Ludwig Burger; editing by
Emelia Sithole-Matarise)

More News
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
27 Dec 2023 08:48

LONDON MARKET OPEN: FTSE 100 gains led by miners and industrials

(Alliance News) - Stock prices in London opened in the green on Wednesday, as hopes for US interest rate cuts in the new year continued to propel global equities higher.

Read more
27 Dec 2023 08:26

London open: FTSE takes cues from Wall Street 'Santa rally'

(Sharecast News) - London's stocks returned from the Christmas break in the green on Wednesday, boosted by a late Santa rally on Wall Street overnight.

Read more
27 Dec 2023 08:24

TOP NEWS: AstraZeneca buys Gracell to "enrich" cell therapy pipeline

(Alliance News) - AstraZeneca PLC on Tuesday said it has agreed to acquire Gracell Biotechnologies Inc, paying about USD1.2 billion for the clinical-stage company.

Read more
27 Dec 2023 07:52

LONDON BRIEFING: AstraZeneca buys Gracell Biotech; COPL CEO resigns

(Alliance News) - Stocks in London were expected to make gains at Wednesday's market open, as investors continued to pin their hopes on US interest rate cuts.

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.