focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar 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: 12,166.00
Bid: 12,132.00
Ask: 12,136.00
Change: -6.00 (-0.05%)
Spread: 4.00 (0.033%)
Open: 12,180.00
High: 12,198.00
Low: 12,076.00
Prev. Close: 12,172.00
AZN Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

RPT-COVID fight could return 'to square one': experts sound vaccines alarm

Fri, 21st May 2021 07:00

(Repeats story published late on Thursday)

By Kate Kelland

LONDON, May 20 (Reuters) - India's export ban on COVID-19
shots risks dragging the battle against the pandemic "back to
square one" unless wealthy nations step in to plug a gaping hole
in the COVAX global vaccine-sharing scheme, health specialists
said on Thursday.

COVAX, which is critical for poorer countries, relies on
AstraZeneca shots made by the Serum Institute of India,
the world's biggest maker of vaccines. It was already around 100
million doses short of where it had planned to be when India
halted exports a month ago amid a surge in infections there.

Rich countries with plentiful COVID-19 vaccine stocks must
now share them immediately, at scale, the global experts said,
otherwise the pandemic could be prolonged as the world struggles
to contain a virus that is continuing to spread and mutate.

"It is a huge concern," said Anna Marriott, health policy
manager at the global charity Oxfam. She and others said it was
imperative that wealthy countries and regions make good on their
rhetoric and share excess vaccines now.

"The current approach that relies on a few pharma monopolies
and a trickle of charity through COVAX is failing - and people
are dying as a result."

Reuters reported on Tuesday that India is extending its ban,
meaning it is now unlikely to resume major exports before
October.

Will Hall, global policy manager for the Wellcome global
health trust, said COVAX's heavy reliance on the Serum Institute
left it vulnerable. India's extension of its export ban made it
even more crucial for rich countries to share doses via the
scheme, he said, "not in six months' time, not in a month's
time, but now".

"We're not going to beat this virus unless we think and act
globally," he added. "We all should be concerned about this –
the more the virus continues to spread, the greater the risk of
it mutating to a stage where our vaccines and treatments no
longer work. If that happens we're back to square one."

A highly transmissible new variant of the novel coronavirus
first identified in India has spread to several countries around
the world.

'VERY FEW OPTIONS'

COVAX aims to get vaccines to at least 20% of the
populations of the more-than 90 low and middle-income countries
signed up to receive the shots as donations. It has so far
distributed about 65 million doses of mainly the AstraZeneca
COVID-19 vaccine, many of them to Africa.

A spokeswoman for the GAVI vaccines alliance, which co-leads
COVAX, said the facility was working hard to make up supplies.

"We're trying to find different ways of making sure that
those countries that have received the first dose are able to
also receive a second dose and that vaccinations can continue,"
she told Reuters. "What we need right now, to meet the immediate
needs, is dose sharing."

The United States said on Wednesday it would share a total
of 20 million doses of Pfizer's, Moderna's and Johnson &
Johnson's vaccines by the end of June, donating a
significant amount via COVAX, on top of 60 million AstraZeneca
shots it had already planned to give to other countries.

EU trade commissioner Valdis Dombrovskis said this week that
the bloc was working to significantly ramp up vaccine donations
through COVAX in the second half of 2021. Vaccine sharing
announced by EU member states has so far amounted to 11.1
million vaccines, he said, of which 9 million are being shared
via COVAX.

Britain, meanwhile, will have enough surplus doses to fully
vaccinate at least 50 million people in poorer countries once
every adult at home has been fully vaccinated, according to
analysis by UNICEF's UK office last week.

The GAVI spokeswoman said COVAX'S reliance on the Serum
Institute was based, largely, on its vast production capacity,
ability to deliver at low cost and on assurances that it would
be able to produce the millions of doses needed at speed.

"It always was COVAX's plan to grow and diversify its
portfolio to 10-12 vaccines but at the start of the year when
approved vaccines were only slowly coming online, we had very
few options available to us," she said.
(Reporting by Kate Kelland; Additional reporting by Francesco
Guarascio in Brussels and Ludwig Burger in Frankfurt; Editing by
Pravin Char)

More News
2 Apr 2024 11:50

LONDON MARKET MIDDAY: FTSE 100 buoyed by UK manufacturing growth

(Alliance News) - The FTSE 100 in London was up at midday on Tuesday, reacting to the UK manufacturing sector returning growth and further PMI data across the globe.

Read more
2 Apr 2024 10:25

AstraZeneca and Daiichi make US progress with latest licence approvals

(Alliance News) - AstraZeneca PLC on Tuesday noted significant progress for two of its clinical-stage treatments in the US.

Read more
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

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.