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

UPDATE 1-AstraZeneca's lower EU vaccine supply target hinges on factory approval - document

Sat, 13th Mar 2021 14:24

(Adds EU comment)

By Francesco Guarascio

BRUSSELS, March 13 (Reuters) - AstraZeneca's new aim
to supply 30 million doses of its COVID-19 vaccine to the
European Union by the end of March hinges on the bloc's drug
regulator approving supplies from a factory in the Netherlands,
an internal document showed.

The Anglo-Swedish drugmaker said on Friday it would try to
deliver 30 million doses to the EU by the end of March, down
from a contractual obligation of 90 million and a previous
pledge made last month to deliver 40 million doses.

The new lower target, which confirmed an earlier report from
Reuters, is not guaranteed as it depends on a vaccine factory in
Leiden run by subcontractor Halix getting the regulatory
approval, the internal document dated March 10 showed.

AstraZeneca said in the document seen by Reuters that it is
assuming the Halix factory will get the green light on March 25
and has pencilled in deliveries of nearly 10 million doses for
the following week.

A spokesman for the European Commission said on Saturday the
EU executive was in talks with the company to make sure it did
all it could to honour its commitments. He did not comment on
Halix approval.

Asked about possible sanctions, he said: "What matters is
that we ensure the delivery of a sufficient number of doses in
line with the company's earlier commitments. We are looking at
all options to make this happen."

EU leaders have come under fire for rolling out vaccines at
a far slower pace than neighbouring Britain due to a longer
approval and purchasing process, as well as repeated delays in
supplies from AstraZeneca and other drugmakers.

SECOND-QUARTER CUTS

The European Medicines Agency (EMA) said in a statement that
the Halix factory had not yet been approved and declined to
comment on when any authorisation might be granted.

An EU official close to EMA's decision-making told Reuters
that a decision "might perhaps" come at the end of March.

It was unclear whether any delay in the plant's approval
would also affect AstraZeneca's vaccine supplies to the EU in
the second quarter.

A spokesman for AstraZeneca declined to comment on the
factory's approval status, or on its production and stockpiling
capacity. Halix declined to comment on its regulatory approval.

The Halix plant in Leiden is one of four mentioned as
manufacturers of vaccines for the EU in AstraZeneca's supply
contract with Brussels signed in August.

However, only one in Belgium has been used to supply the
bloc so far, EU officials have said, noting that two plants in
Britain have not exported vaccines to the EU.

In its statement on Friday, AstraZeneca also said it "aims"
to deliver 70 million doses to the EU between April and June,
despite contractual obligations for 180 million shots.

It said export restrictions had prevented it from boosting
supplies to the EU from its global network to make up for
production problems in the EU supply chain.

Shortly after Reuters reported in February that the company
had told the EU it could deliver less than 90 million doses in
the second quarter, AstraZeneca said it was still committed to
meeting the 180 million supply target.

Overall, the drug company is now aiming to ship only 100
million vaccines to the EU by the end of June, instead of the
300 million foreseen in the contract.
(Reporting by Francesco Guarascio @fraguarascio in Brussels;
Additional reporting by Toby Sterling in Amsterdam; Editing by
David Clarke and Mike Harrison)

More News
3 May 2024 12:17

CORRECT: Angle shares up on assay development deal with AstraZeneca

(Correcting company name in headline)

Read more
3 May 2024 11:50

Angle shares up on assay development deal with AstraZenaca

(Alliance News) - Shares in Angle PLC jumped on Friday, after the company said it has been chosen to develop a prostate cancer assay using its Parsortix technology, opening the door for future clinical study-supporting contracts.

Read more
3 May 2024 07:50

LONDON BRIEFING: InterContinental Hotels makes first-quarter progress

(Alliance News) - London's FTSE 100 is called to open higher on Friday, on the expectation of a softer US jobs report, which could take some sting out of hawkish Federal Reserve interest rate expectations.

Read more
2 May 2024 10:04

AstraZeneca notes positive trial results for Calquence treatment

(Alliance News) - AstraZeneca PLC on Thursday said it observed positive high-level results in the Echo phase 3 trial of its Calquence treatment for previously untreated adult patients with mantle cell lymphoma.

Read more
2 May 2024 07:45

AstraZeneca reports positive results from blood cancer drug trial

(Sharecast News) - AstraZeneca has reported positive results from the use of its Calquence drug in a clinical trial to treat a rare type of blood cancer.

Read more
29 Apr 2024 22:52

J&J, Bristol Myers lose challenges to US drug price negotiation program

April 29 (Reuters) - A U.S. judge on Monday rejected a challenge by Bristol Myers Squibb and Johnson & Johnson to a law requiring them to negotiate the prices of their blockbuster blood clot prevention drugs with the U.S government's Medicare health insurance program or pay heavy penalties.

Read more
29 Apr 2024 10:02

LONDON BROKER RATINGS: Deutsche Bank likes Frasers; Barclays cuts JD

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

Read more
29 Apr 2024 09:13

AstraZeneca makes progress with Truqap and Enhertu cancer treatments

(Alliance News) - AstraZeneca PLC on Monday said its Truqap drug has been recommended for approval in the EU to treat a form of breast cancer, while also noting trial results for its Enhertu offering.

Read more
29 Apr 2024 07:50

LONDON BRIEFING: Hipgnosis Songs Fund backs new Blackstone bid

(Alliance News) - London's FTSE 100 is called to open higher on Monday, with heady gains for US tech stocks on Friday brightening the mood in Europe and Asia at the start of the new week.

Read more
29 Apr 2024 07:24

AstraZeneca makes progress with two breast cancer treatments

(Sharecast News) - AstraZeneca issued favourable updates on two of its breast cancer treatments on Monday - 'Truqap', or capivasertib, and 'Enhertu', or trastuzumab deruxtecan - following encouraging results from respective phase three trials.

Read more
26 Apr 2024 09:33

LONDON BROKER RATINGS: Peel Hunt cuts ConvaTec to 'reduce'

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

Read more
25 Apr 2024 16:57

LONDON MARKET CLOSE: FTSE 100 shakes off red-hot US inflation gauge

(Alliance News) - London's FTSE 100 outperformed on Thursday, enjoying a solid rise on largely well-received corporate earnings and a share price jump for miner Anglo American after it received a takeover bid from peer BHP.

Read more
25 Apr 2024 15:14

London close: Stocks finish mixed as US GDP growth slows

(Sharecast News) - London's stock markets finished with a mixed performance on Thursday, as investors digested a slower-than-expected GDP growth reading from the United States, while a slew of well-received earnings underpinned the top-flight index.

Read more
25 Apr 2024 11:50

LONDON MARKET MIDDAY: FTSE 100 hits high on offer for Anglo American

(Alliance News) - The FTSE 100 was outperforming European markets at midday on Thursday, with the index boosted to a record high thanks to takeover talks.

Read more
25 Apr 2024 10:33

AstraZeneca leaps after smashing first-quarter forecasts

Q1 revenue up 19% to $12.68 bln

*

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.