Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. 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: 12,264.00
Bid: 12,280.00
Ask: 12,282.00
Change: 146.00 (1.20%)
Spread: 2.00 (0.016%)
Open: 12,244.00
High: 12,384.00
Low: 12,228.00
Prev. Close: 12,118.00
AZN Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

QUOTES-U.S. backs giving poorer countries access to COVID-19 vaccine patents

Thu, 06th May 2021 10:30

(Adds WHO chief)

May 6 (Reuters) - U.S. President Joe Biden on Wednesday
supported waiving intellectual property rights for COVID-19
vaccines, bowing to mounting pressure from Democratic lawmakers
and more than 100 other countries, but angering pharmaceutical
companies.

Following are reactions to the latest developments.

WHO CHIEF TEDROS ADHANOM GHEBREYESUS

Biden's move is a "MONUMENTAL MOMENT IN THE FIGHT AGAINST
#COVID19", reflecting "the wisdom and moral leadership of the
United States", Tedros said on Twitter.

GAVI, THE GLOBAL VACCINE ALLIANCE

"We recognise also the significance of the (Biden)
administration’s commitment to work towards increasing raw
material production which will have an immediate impact on
alleviating current global supply constraints.

"Gavi urges now that in the interests of global equitable
access the US supports manufacturers to transfer not only IP but
also know-how in a bid to urgently boost global production."

THE INTERNATIONAL FEDERATION OF PHARMACEUTICAL MANUFACTURERS
& ASSOCIATIONS (IFPMA)

"Waiving patents of COVID-19 vaccines will not increase
production nor provide practical solutions needed to battle this
global health crisis. On the contrary, it is likely to lead to
disruption.

"The only way to ensure quick scaling up of and equitable
vaccine access to all those in need remains pragmatic and
constructive dialogue with the private sector."

SOUTH AFRICAN GOVERNMENT

"President (Cyril) Ramaphosa welcomes the position adopted
by the United States as an important reinforcement of a campaign
led by South Africa and India on behalf of emerging economies
that face vaccine shortages and production challenges.

"The anticipated temporary waiver provides a global response
to COVID-19. The proposal establishes a global solution to
enhance manufacturing and boost supply capacity, and enables
coordination and access to information currently under patent
protection.

"For countries that do not currently have manufacturing
capacity on certain medical technologies, the waiver could open
up more supply options and avoid countries being reliant on only
one or two suppliers. Where supply capacity currently exists, it
can be repurposed to COVID vaccine production and in this way
improve the supply available to all nations."

AUSTRALIAN TRADE MINISTER DAN TEHAN

"We welcome this positive development and look forward to
working with the U.S. and others to find solutions that boost
the global rollout of COVID-19 vaccines.

"Close collaboration between governments and vaccine
manufacturers will remain vital."

NEW ZEALAND TRADE MINISTER DAMIEN O'CONNOR

"New Zealand supports the waiver of IP protections on
vaccines as an important part of our collective efforts to
address the human catastrophe of the pandemic.

"We are also working in APEC, the WTO and other fora to
address other elements of vaccine supply issues including
through the supply chains that are limiting the availability of
vaccines regionally and globally."

ITALIAN MINISTRY OF HEALTH ROBERTO SPERANZA

"Biden's breakthrough on free access to vaccine patents for
all is an important step forward. Europe must also play its
part. This pandemic has taught us that we can only win
together."

DOCTORS WITHOUT BORDERS

"It is crucial that the waiver not just apply to
preventative vaccines, but it should also cover other medical
tools for COVID-19, including treatments for people who fall ill
and diagnostics to help curb the spread, as originally proposed
seven months ago.

"While this decision means other manufacturers will have the
information they need from pharmaceutical corporations - and the
legal permission - to help scale up global supply and get more
shots into the arms of people everywhere, this won't happen
immediately.

"For the remaining countries that continue to oppose the WTO
waiver..., they must drop their objections and put people’s
health before pharmaceutical profits, and waive IP on all
COVID-19 medical tools, including vaccines."

OXFAM HEALTH POLICY MANAGER ANNA MARRIOTT

“In this moment of crisis, we applaud the decision of
President Biden and his administration to pursue a new path that
prioritizes public health over private profits.

"This is a testament to the widespread public movement
calling for an end to vaccine monopolies.

“We are at a crucial point in the fight against coronavirus,
yet we have remained essentially at the mercy of a handful of
giant pharmaceutical corporations that have monopoly control
over the life-saving technologies we all need. The UK shouldn't
be left standing on the wrong side of history and must join the
U.S. in doing the right thing for humanity.

“We will now look to the White House for leadership in a
strong WTO outcome, in urgently insisting on the transfer of
technologies through the World Health Organization COVID-19
Technology Access pool, and in investing strategically to build
up regional vaccine hubs to defeat this and future pandemics."

GORDON BROWN, U.N. GLOBAL AMBASSADOR AND FORMER BRITISH
PRIME MINISTER

"I welcome the American decision on temporary patent waiver
which makes the COVID-19 vaccine accessible. Now we must make
the vaccine affordable. No one is safe until everyone is safe
and on June 11, at the G7 meeting, the richest countries should
make the momentous decision to pay two thirds of the $60 billion
cost of vaccinating the world."
(Reporting by Reuters staff; Editing by Nick Macfie and Mark
Heinrich)

More News
2 Apr 2024 09:54

LONDON BROKER RATINGS: Bernstein starts AstraZeneca at 'outperform'

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

Read more
2 Apr 2024 09:09

LONDON MARKET OPEN: FTSE 100 up as oil majors and gold miners shine

(Alliance News) - Stock prices in London opened higher on Tuesday, in confident trade following the long Easter weekend, ahead of a UK manufacturing sector reading later in the morning.

Read more
2 Apr 2024 08:05

LONDON BRIEFING: HSBC in special payout on Canada sale; Astra FDA win

(Alliance News) - London's FTSE 100 traded higher on Tuesday following the long weekend, as investors react to US data, and look ahead to manufacturing sector readings from Europe later.

Read more
2 Apr 2024 07:08

US FDA gives green light for use of AstraZeneca's Voydeva

(Sharecast News) - America's drug regulator gave the green light to AstraZeneca's for the add-on use of Voydeya in the treatment of extravascular haemolysis (EVH) in patients with paroxysmal nocturnal haemoglobinuria (PNH).

Read more
27 Mar 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 underperforms ahead of US PCE data

(Alliance News) - Stock prices in London were lower at midday on Wednesday, but trade was more confident in mainland Europe, with focus turning to the release of the US Federal Reserve's preferred inflation gauge on Friday.

Read more
27 Mar 2024 11:56

C4X Discovery seeks AIM delisting but half-year revenue skyrockets

(Alliance News) - C4X Discovery Holdings PLC shares plunged on Wednesday after it said it plans to delist from AIM in London, due to "the recent downturn in the financial markets" hampering its valuation.

Read more
27 Mar 2024 09:19

AstraZeneca treatments become "first and only" to be approved in Japan

(Alliance News) - AstraZeneca PLC announced on Wednesday the approval of two of its treatments for use in Japan.

Read more
27 Mar 2024 09:03

LONDON MARKET OPEN: FTSE 100 slips as unease lingers before US data

(Alliance News) - Stock prices in London edged lower after the open on Wednesday, with some nervy trade ahead of a US inflation reading later in the week.

Read more
27 Mar 2024 08:02

LONDON BRIEFING: Diploma makes buy; Astra wins Japan drug approvals

(Alliance News) - Stocks in London opened in a muted fashion on Wednesday, with some unease lingering in equity markets ahead of a US inflation reading later in the week.

Read more
26 Mar 2024 10:18

China to speed up 'new productive forces', vice president says

BEIJING, March 26 (Reuters) - China will accelerate the development of "new productive forces" and bolster stability and security for the global economy, Vice President Han Zheng told an investment forum in Beijing, as the world's no.2 economy seeks to reassure anxious foreign firms.

Read more
25 Mar 2024 12:09

LONDON MARKET MIDDAY: Stocks make tepid start to new week

(Alliance News) - Stock prices in London were down at midday on Monday, giving back some gains from last week, when equities were boosted by central bank decisions and accompanying statements which investors saw as dovish.

Read more
25 Mar 2024 09:04

LONDON MARKET OPEN: FTSE 100 treads water, FTSE 250 declines

(Alliance News) - The FTSE 100 in London traded flat early Monday, while the pound remained below the USD1.26 mark, as Bank of England Governor Andrew Bailey suggested rate cuts may happen soon.

Read more
25 Mar 2024 08:40

TOP NEWS: AstraZeneca wins US approval for rare nervous system disease

(Alliance News) - AstraZeneca PLC on Monday said its Ultomiris treatment has been approved by the US Food & Drug Administration as the first and only long-acting C5 complement inhibitor to treat neuromyelitis optica spectrum disorder in adults.

Read more
25 Mar 2024 07:59

LONDON BRIEFING: AstraZeneca wins US approval, Kingfisher profit down

(Alliance News) - London's FTSE 100 is set to open lower on Monday, giving back some of last week's progress, when equities were boosted by hope of interest rate cuts.

Read more
25 Mar 2024 07:23

AstraZeneca gets FDA approval for Ultomiris treatment

(Sharecast News) - AstraZeneca has announced that its autoimmune disease treatment Ultomiris has been given the green light by US regulators.

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.