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Pin to quick picksAstrazeneca Share News (AZN)

Share Price Information for Astrazeneca (AZN)

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Share Price: 12,118.00
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UPDATE 2-COVID-19 vaccine sprint as Pfizer-BioNTech, Moderna seek emergency EU approval

Tue, 01st Dec 2020 11:09

* Pfizer, BioNTech request EU conditional approval

* Regulator says panel to meet Dec 29 at latest

* Rival Moderna also submits EU filing for its shot

* Both groups have applied for U.S. emergency use
(Adds review timing, details on Moderna request)

By Ludwig Burger

FRANKFURT, Dec 1 (Reuters) - Moderna and Pfizer-BioNTech
are in a tight race to launch their COVID-19 vaccines in Europe
after both applied for emergency EU approval on Tuesday, though
there was uncertainty over whether a rollout could begin this
year.

The applications to the European Medicines Agency (EMA) came
a day after Moderna sought emergency use for its shot
in the United States and more than a week after Pfizer
and BioNTech did the same.

U.S. drugmaker Pfizer and its German development partner
BioNTech said their vaccine could be launched in the European
Union as early as this month.

"We can start to deliver within a few hours (of an
approval)," said Sierk Poetting, head of operations and finance
at BioNTech. "We have been stocking up. And everything that is
there can really be distributed within a few hours."

The EMA clouded the timeline, however, when it said it would
complete its review for that vaccine by Dec. 29 at the latest,
and for Moderna's shot by Jan. 12. It added its schedule may be
subject to change as its evaluation proceeds.

The European Commission, the EU executive body, said it
would likely give its final authorization for a vaccine's
rollout days after a recommendation by the EMA.

An effective immunization is seen as the main weapon against
the pandemic, which has claimed more than 1.4 million lives and
ravaged economies across the globe. Close to 50 potential
vaccines are being tested on volunteers worldwide.

Both U.S. biotech firm Moderna and Pfizer-BioNTech have
reported preliminary findings of more than 90% effectiveness -
an unexpectedly high rate - in trials of their vaccines, which
are both based on new messenger RNA (mRNA) technology.

CUSTOMISED GENETIC CODE

Their work validates that of several biotech experts, who
for years have been labouring to prove a once-unorthodox idea:
The human body can act as its own vaccine factory.

Both inoculations work by injecting people with customised
genetic code that instructs human cells to make key virus
proteins to induce an immune response.

Pfizer and BioNTech reported final trial results on Nov. 18
that showed their vaccine candidate, known as BNT162b2, was 95%
effective in preventing COVID-19, with no major safety concerns.

Moderna Inc said on Monday that full results from a
late-stage study showed its candidate, mRNA-1273, was 94.1%
effective, also with no serious safety concerns.

Any clearance in the EU and United States for the vaccines
will be "conditional" or for "emergency use", meaning developers
are obliged to continue trials and provide more trial results as
they emerge.

The European filings complete so-called rolling reviews,
which was initiated with the EMA on Oct. 6 in the case of Pfizer
and on Nov. 16 for Moderna.

The British government said https://www.gov.uk/government/news/government-welcomes-the-mhra-review-into-pfizer-and-biontech-vaccine
last week that Pfizer and BioNTech had reported the data from
their clinical trials to the Medicines and Healthcare products
Regulatory Agency (MHRA).

(Reporting by Ludwig Burger and Josephine Mason; Additional
reporting by Markus Wacket in Berlin; Editing by Pravin Char)

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8 Feb 2024 08:44

TOP NEWS: AstraZeneca confident after 2023 profit more than doubles

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8 Feb 2024 07:58

AstraZeneca shares slip as Q4 profits miss forecasts

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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.

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2 Feb 2024 06:22

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

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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

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22 Jan 2024 11:45

BioNTech challenges AstraZeneca with breast cancer precision drug trial

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16 Jan 2024 17:17

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

FTSE 100 down 0.5%, FTSE 250 flat

*

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