Roundtable Discussion; The Future of Mineral Sands. 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: 12,050.00
Bid: 12,038.00
Ask: 12,040.00
Change: -106.00 (-0.87%)
Spread: 2.00 (0.017%)
Open: 12,092.00
High: 12,178.00
Low: 12,010.00
Prev. Close: 12,156.00
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 2-Belgian plant denies blame for AstraZeneca vaccine cuts to EU

Wed, 10th Feb 2021 16:26

(Adds Breton on Astra U.S. factory)

By Francesco Guarascio

SENEFFE, Feb 10 (Reuters) - A plant in Belgium said to be
the main cause of big cuts in AstraZeneca's COVID-19 vaccine
supplies to the European Union said on Wednesday it had complied
with all its obligations under a contract it has with the
Anglo-Swedish firm.

The apparent dispute could lead to further EU pressure on
AstraZeneca to deliver more doses in the winter, as its
COVID-19 vaccine began being rolled out in the 27-nation bloc
this week.

The factory, which U.S. firm Thermo Fisher acquired
from Novasep in January, has been identified as the cause of the
cuts by AstraZeneca in internal meetings, several EU
officials have said.

"We have complied with all the contractual requirements we
have with AstraZeneca," Thermo Fisher's vice president for the
EU, Cedric Volanti, told a news conference on Wednesday, when
asked about possible production problems the plant had faced.

AstraZeneca on Jan. 15 announced cuts in its supply of
vaccines to the EU in the first quarter, which EU officials said
amounted to a 60% reduction to 31 million doses through March.

The company declined to comment on Wednesday on Thermo
Fisher's remarks. In a public statement it had said the drop in
expected doses was caused by a lower than anticipated yield, or
the amount of vaccine that can be made from base ingredients.

EU officials repeatedly said AstraZeneca had told them that
the problem had been caused by production issues at the factory
in Belgium.

Volanti declined to comment on the number of doses the
company has committed to producing for AstraZeneca and
underscored that the change of ownership had had no negative
impact on the production capacity of the factory.

When asked whether the Belgian plant, located in Seneffe at
an hour drive from Brussels, sold doses to Britain, Volanti said
the company sends vaccines to an Italian facility that bottles
them before delivering to clients.

EU Industry Commissioner Thierry Breton, who leads an EU
task force to expand COVID-19 vaccine production, said he was
confident about the production capacity of the Thermo Fisher
plant.

LOW TARGET

After the supply cut announced in January, which followed an
earlier downward revision of its initial 120 million-dose
delivery target for the first quarter, AstraZeneca raised its
commitment to the EU to 40 million doses through March from 31
million.

The company has never said from where the additional doses
would come.

The EU has said that increase was a positive first step, but
urged the company to further ramp up its immediate deliveries to
the bloc, which has a contract for 300 million doses and options
for another 100 million.

In meetings with the EU, AstraZeneca said it could not send
doses from factories in Britain because of contractual
obligations to London.

Breton declined to comment on whether AstraZeneca could
further raise deliveries by the end of March, but said output
from a factory producing COVID-19 vaccines for AstraZeneca in
the United States would go "almost entirely" to Europe.

The Commission had so far said that doses for the EU were
meant to come from four factories, one each in Belgium and
Germany and two in Britain.

Separately on Wednesday, AstraZeneca announced a partnership
with German firm IDT Biologika to speed up output of finished
COVID-19 vaccine in the second quarter.
(Reporting by Francesco Guarascio @fraguarascio; additional
reporting by Ludwig Burger; Editing by John Stonestreet, Elaine
Hardcastle and Jan Harvey)

More News
4 Apr 2024 13:09

UK shareholder meetings calendar - next 7 days

Friday 5 April 
Faron Pharmaceuticals LtdAGM
VPC Specialty Lending Investments PLCGM re capital return via B share scheme
Monday 8 April 
Premier African Minerals LtdAGM
Tuesday 9 April 
Ethernity Networks LtdEGM re board appointments and option grants
Wednesday 10 April 
Valereum PLCAGM
Wincanton PLCGM re takeover by GXO Logistics Inc
Thursday 11 April 
AstraZeneca PLCAGM
  
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
3 Apr 2024 22:01

Biden, Senator Bernie Sanders push companies to cut cost of asthma inhalers, prescription drugs

WASHINGTON, April 3 (Reuters) - President Joe Biden hosted a White House event with U.S. Senator Bernie Sanders on Wednesday to tout their fight against high prescription drug prices and push companies to cut the cost of inhalers for asthma sufferers.

Read more
3 Apr 2024 17:22

UK's FTSE 100 pressured by stronger pound; miners climb

FTSE 100 flat, FTSE 250 up 0.2%

*

Read more
3 Apr 2024 11:02

CORRECT: AstraZeneca, Daiichi make US progress with licence approvals

(Correcting the description of extravascular haemolysis' effects on patients with paroxysmal nocturnal haemoglobinuria)

Read more
2 Apr 2024 15:22

London close: Stocks turn red on return from Easter break

(Sharecast News) - UK stocks experienced a downturn by the end of trading on Tuesday, as investors resumed activity following the extended weekend, with initial gains reversed by the close ahead of a week marked by a number of key economic data releases.

Read more
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

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.