The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen 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: 12,360.00
Bid: 12,328.00
Ask: 12,332.00
Change: -4.00 (-0.03%)
Spread: 4.00 (0.032%)
Open: 12,358.00
High: 12,376.00
Low: 12,256.00
Prev. Close: 12,364.00
AZN Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TOP NEWS: Astra Scaling Up To 2 Million Doses Per Week "Imminently"

Wed, 13th Jan 2021 13:03

(Alliance News) - AstraZeneca is "imminently" scaling up to release 2 million doses of its vaccine per week in the UK, and may be able to go above that from April, the firm's chief executive has said.

Tom Keith-Roach, president of AstraZeneca UK, said 1.1 million doses of the company's Covid-19 jab developed with Oxford University had been released to the UK to date, but the aim was to reach two million doses per week on or before the middle of February.

He told the Commons Science and Technology Committee: "We are scaling up very rapidly – and this will happen imminently – to releasing two million doses a week.

"We're absolutely on track to do that and therefore deliver tens of millions of doses in the first quarter of the year.

"If we average two million a week through the course of the year, that gets us to the 100 million doses that we're committed to the UK through the course of 2021."

Later, he added: "We are scaling up to two million doses a week imminently and we'd certainly hope to be there on or before the middle of February."

He said the middle of February was a "conservative position" and said the firm had been asked by the UK Vaccines Taskforce "not to share in public forum in detail daily delivery schedules and locations for security reasons.

"As you can imagine it's very sensitive, but I can reassure you that we will scale to two million doses per week very quickly."

Later, he said the firm could not commit to doses above two million per week but it may be they could "increase that somewhat as we move into quarter two".

Keith-Roach also told MPs the "vast majority" of the fill-and-finish packing around the vaccines is done in the UK.

He said the manufacture of the vaccine depends on a complex biological process which cannot be carried out more quickly.

"Drug substance manufacture is a 58 to 60-day process that you cannot speed up – that is a complex biological process of actually growing the adenovirus vector," he said.

Mene Pangalos, executive vice president of biopharmaceuticals research and development at AstraZeneca, added: "You have to grow cells and cells divide at a certain speed, and you can't do any faster than the speed at which the cells divide."

Keith-Roach added: "From drug substance, you have to actually manufacture the drug product.

"That includes filling and finishing, packaging, batch release – that takes a further 28 days.

"If you look in total, you're talking about a three to four-month process.

"Within that you have, as you'd imagine, extensive quality testing on every batch – actually there's more than 60 quality tests that are performed."

Vaccines minister Nadhim Zahawi was accused by Labour MP Graham Stringer of being "phobic" to the numbers and keeping data on vaccine supplies "secret".

Zahawi said "this idea that we are sitting on lots of stock is not true", adding that deliveries of central stocks were unpredictable at the moment.

He told MPs the initial vaccination supply had been "lumpy" but he now had "line of sight" of deliveries to the end of February.

"In any manufacturing process, especially one where you're dealing with a biological compound, a novel vaccine is lumpy at the outset," he said.

"There's no doubt that it was, but getting better. It begins to stabilise and you get much clearer line of sight.

"I now have line of sight of deliveries all the way through until end of February and getting more confidence about March as well.

"We have millions of doses coming through in the weeks and then next month and the month after."

He added that "day by day, what you'll see is greater volumes going out", saying there would be "day-by-day" improvements in the notice given to vaccinators such as GPs of when supplies will arrive.

And he denied reports that vaccines could not be supplied to the NHS on a Sunday, adding there was a 98.5% accuracy to date in the timing of deliveries.

He also said the amount of vaccine currently going to waste in the NHS was significantly less than the 10% forecast by NHS England.

Earlier, Pangalos said research had begun to examine the mixing of different vaccines to allow greater flexibility in the system.

"(It's) something that we're starting to investigate already, both pre-clinical and clinically."

He also called for people working in the vaccine process to be prioritised for jabs.

source: PA

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
8 Feb 2024 08:44

TOP NEWS: AstraZeneca confident after 2023 profit more than doubles

(Alliance News) - AstraZeneca PLC on Thursday said it expects another year of strong growth after reporting pretax profit in 2023 more than doubled.

Read more
8 Feb 2024 07:58

AstraZeneca shares slip as Q4 profits miss forecasts

(Sharecast News) - Biopharma titan AstraZeneca delivered a 6% increase in sales in 2023 despite a $3.7bn decline in Covid-19 medicines revenues, as it guided to a strong pick-up in growth this year - though profits came in slightly under analysts' forecasts.

Read more
8 Feb 2024 07:50

LONDON BRIEFING: Unilever sets new buyback; Astra profit surges

(Alliance News) - Stocks in London are called to open slightly higher on Thursday, as investors eye a busy day of earnings.

Read more
2 Feb 2024 08:38

AstraZeneca celebrates latest successful trial of acoramidis in Japan

(Alliance News) - AstraZeneca PLC on Friday said positive results from a Phase 3 trial of acoramidis are consistent with global findings, bring the drug closer to regulatory submission in Japan.

Read more
2 Feb 2024 06:22

TOP NEWS: US sends drugmakers initial offers in Medicare price talks

(Alliance News) - The US government said it was making initial offers to drugmakers Thursday as part of Medicare negotiations meant to lower the prices many older Americans would pay for 10 medicines.

Read more
1 Feb 2024 15:52

UK earnings, trading statements calendar - next 7 days

Friday 2 February 
YouGov PLCTrading Statement
Monday 5 February 
Home REIT PLCTrading Statement
Porvair PLCFull Year Results
Trident Royalties PLCTrading Statement
Vodafone Group PLCTrading Statement
Tuesday 6 February 
Alumasc Group PLCHalf Year Results
BP PLCFull Year Results
Filtronic PLCHalf Year Results
Mattioli Woods PLCHalf Year Results
Renishaw PLCHalf Year Results
Virgin Money UK PLCTrading Statement
Wednesday 7 February 
Ashmore Group PLCHalf Year Results
Barratt Developments PLCHalf Year Results
HydrogenOne Capital Growth PLCTrading Statement
Phoenix Spree Deutschland LtdTrading Statement
PZ Cussons PLCHalf Year Results
Smurfit Kappa Group PLCFull Year Results
UK Commercial Property REIT LtdTrading Statement
Thursday 8 February 
Anglo American PLCTrading Statement
AstraZeneca PLCFull Year Results
British American Tobacco PLCFull Year Results
Compass Group PLCTrading Statement
Redrow PLCHalf Year Results
SSE PLCTrading Statement
Unilever PLCFull Year Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
29 Jan 2024 08:19

TOP NEWS: AstraZeneca, Daiichi's Enhertu granted priority review in US

(Alliance News) - AstraZeneca PLC on Monday said its cancer drug conjugate received priority review by the Food & Drug Administration in the US for patients with metastatic HER2-positive solid tumours.

Read more
22 Jan 2024 11:45

BioNTech challenges AstraZeneca with breast cancer precision drug trial

FRANKFURT, Jan 22 (Reuters) - BioNTech and its partner Duality Biologics said on Monday they initiated a late-stage trial testing their precision drug against a certain type of breast cancer, taking on a rival partnership between AstraZeneca and Daiichi Sankyo.

Read more
19 Jan 2024 09:28

TOP NEWS: AstraZeneca's Voydeya receives approval in Japan for PNH

(Alliance News) - AstraZeneca PLC on Friday said its inhibitor Voydeya, also known as danicopan, received approval in Japan for adults with paroxysmal nocturnal haemoglobinuria, or PNH.

Read more
16 Jan 2024 17:17

FTSE 100 hits one-month low, precious miners biggest drag

FTSE 100 down 0.5%, FTSE 250 flat

*

Read more
16 Jan 2024 16:17

London close: Stocks finish lower as wage growth eases

(Sharecast News) - London's stock markets finished in the red on Tuesday, as investors assessed the latest UK jobs data.

Read more
16 Jan 2024 11:58

LONDON MARKET MIDDAY: FTSE 100 falls despite cooler UK wage growth

(Alliance News) - The FTSE 100 in London was down at midday Tuesday, as investors nervously eye Wednesday's UK inflation data and what it will mean for interest rates.

Read more
16 Jan 2024 09:14

LONDON BROKER RATINGS: UBS raises GSK and cuts AstraZeneca

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

Read more
16 Jan 2024 08:15

UBS downgrades AstraZeneca to 'sell'

(Sharecast News) - UBS has downgraded AstraZeneca and upgraded rival GSK as part of its latest review of the European pharmaceutical sector.

Read more
9 Jan 2024 10:50

Novartis in advanced talks to buy Cytokinetics- source

Jan 9 (Reuters) - Swiss drugmaker Novartis is in the lead to acquire Cytokinetics in a deal that could value the drug developer at well over $10 billion, a source familiar with the matter said on Monday.

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.