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: 12,148.00
Bid: 12,148.00
Ask: 12,152.00
Change: -18.00 (-0.15%)
Spread: 4.00 (0.033%)
Open: 12,186.00
High: 12,198.00
Low: 12,114.00
Prev. Close: 12,166.00
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-Lilly pulls COVID-19 treatment from EU review while U.S. stocks up

Tue, 02nd Nov 2021 14:50

(Adds details on U.S. status, EU purchases and priorities)

By Pushkala Aripaka and Ludwig Burger

Nov 2 (Reuters) - Eli Lilly has retracted a request
for European Union approval of its antibody-based treatment for
COVID-19, citing a lack of demand from EU member states as the
bloc focuses on other suppliers.

The European Medicines Agency (EMA) said on Tuesday it had
ended its rolling review of a cocktail of two monoclonal
antibodies known as etesevimab and bamlanivimab after the
U.S.-based drugmaker withdrew from the process https://www.ema.europa.eu/en/news/ema-ends-rolling-review-antibodies-bamlanivimab-etesevimab-covid-19-following-withdrawal-lilly.

Lilly's letter https://www.ema.europa.eu/en/documents/withdrawal-letter/withdrawal-letter-bamlanivimab-etesevimab_.pdf
to the regulator, dated Oct. 29, said that lack of demand in
the trading bloc did not justify submitting further required
data on its manufacturing plan.

"At this point Lilly is not in a position to generate the
additional data required by the CHMP (EMA's human medicines
committee) to progress to a formal marketing authorization
application," the company said.

The news comes on the day that the U.S. government agreed to
buy 614,000 additional doses of Lilly's antibody combo for $1.29
billion, which follows the purchase of 388,000 doses of
etesevimab in September to supplement stocks of bamlanivimab it
had previously bought.

The United States had already given emergency approval for
the drug cocktail for patients at an early stage of the disease
to prevent deterioration and for some people who have been
exposed to the virus.

Even though the EU in September procured 220,000 courses of
bamlanivimab and etesevimab, contingent on approval, the EU
Commission in mid-October omitted the combination from a list https://ec.europa.eu/commission/presscorner/detail/en/IP_21_5366
of 10 treatments most promising for COVID-19.

The EU in March signed a deal with Roche for an antibody
cocktail developed with Regeneron, and in July struck another
deal for GlaxoSmithKline and Vir's antibody
drug.

At the time of Lilly's withdrawal, the EMA had received
laboratory and clinical data on the quality and manufacturing
process of the antibodies and the risk management plan, the EU
regulator said.

The EMA had initiated a rolling review of Lilly's antibodies
in March. They belong to a class of drugs called monoclonal
antibodies (MABs), which are lab-made versions of the body's
natural antibodies to fight off infection.

The European regulator continues to review other
virus-fighting MABs being developed by Regeneron and Roche, the
GlaxoSmithKline and Vir alliance, as well as AstraZeneca
and South Korea's Celltrion.

(Reporting by Pushkala Aripaka in Bengaluru, Ludwig Burger in
Frankfurt and Francesco Guarascio in Brussels; Editing by Anil
D'Silva, Krishna Chandra Eluri and Catherine Evans)

More News
13 Feb 2024 12:06

LONDON MARKET MIDDAY: Stocks fall but pound up before US data

(Alliance News) - Stock prices in London were on the decline on Tuesday afternoon, with sentiment tetchy ahead of a US inflation report later.

Read more
13 Feb 2024 09:32

LONDON BROKER RATINGS: Citi lifts GSK; Shore likes XPS Pensions

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

Read more
12 Feb 2024 12:04

LONDON MARKET MIDDAY: FTSE 100 underperforms as European peers rise

(Alliance News) - London's FTSE 100 underwhelmed on Monday, with some of its largest constituents pulling it lower, while indices in Europe were on the up on favourable comments on interest rate cuts by a European Central Bank official.

Read more
12 Feb 2024 09:41

LONDON BROKER RATINGS: Deutsche Bank starts Deliveroo at 'buy'

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

Read more
12 Feb 2024 09:12

Barclays sees "compelling" entry point at AstraZeneca after recent falls

(Sharecast News) - Barclays has kept an 'overweight' position on AstraZeneca despite the biopharma group's disappointing annual results last week, saying that the stock's recent underperformance provides an attractive entry point for investors.

Read more
9 Feb 2024 09:15

LONDON BROKER RATINGS: Deutsche Bank cuts AstraZeneca to 'sell'

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

Read more
9 Feb 2024 07:51

LONDON BRIEFING: Barclays buys Tesco's retail banking business

(Alliance News) - Stocks in London are called to open higher on Friday, closing off a busy corporate week.

Read more
8 Feb 2024 17:00

LONDON MARKET CLOSE: Softer earnings weigh on underperforming FTSE 100

(Alliance News) - London's FTSE 100 ended lower on Thursday, with mixed corporate updates keeping a lid on enthusiasm, while in New York the S&P 500 has the 5,000 point mark in touching distance.

Read more
8 Feb 2024 14:42

London close: Stocks slip as US jobless claims fall

(Sharecast News) - London markets experienced a downturn in trading on Thursday, with stocks relinquishing earlier gains as investors processed a decrease in jobless claims in the United States.

Read more
8 Feb 2024 12:08

LONDON MARKET MIDDAY: DS Smith surges on takeover approach from Mondi

(Alliance News) - Stock prices in London were mixed at midday Thursday, as markets struggled to find direction amid a mixed wave of corporate updates and earnings.

Read more
8 Feb 2024 08:59

LONDON MARKET OPEN: Unilever up on buyback; BAT ups dividend

(Alliance News) - THE FTSE 100 in London opened slightly higher on Thursday, with earnings from British American Tobacco and Unilever boosting the index.

Read more
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

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.