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 3-Belgian plant says it complies with AstraZeneca contract amid vaccine supply cuts

Wed, 10th Feb 2021 16:26

(Adds details)

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 Scientific
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. AstraZeneca has never denied this but has also never
publicly accused the Belgian plant.

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.

He added that the timing of deliveries depended on
AstraZeneca.

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 not 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 Jan Harvey and Steve
Orlofsky)

More News
8 Mar 2024 06:00

Astra, Sanofi's antibody 90% effective against RSV in infants - CDC

(Alliance News) - A new treatment for infant respiratory syncytial virus, RSV, – a leading cause of severe illness in US babies – is 90% effective in preventing hospitalization, health authorities said Thursday.

Read more
6 Mar 2024 14:40

UK BUDGET: Some tax cuts but vapes, tobacco and non-doms targeted

(Alliance News) - A cut to national insurance, stamp duty relief as well as a freeze on fuel and alcohol duties were among the marquee tax measures that UK Chancellor Jeremy Hunt announced in his budget on Wednesday.

Read more
5 Mar 2024 14:24

AstraZeneca's breast cancer treatment blocked for NHS use in England

(Alliance News) - A treatment that extends the life of people with advanced breast cancer has been blocked for NHS use in England in a move that potentially impacts thousands of patients.

Read more
4 Mar 2024 09:31

AstraZeneca and Daiichi Sankyo get EU approval for cancer treatment

(Alliance News) - AstraZeneca PLC and Daiichi Sankyo Co Ltd on Monday said that the European Medicines Agency has approved two marketing authorisation applications for their datopotamab deruxtecan in two types of cancer.

Read more
4 Mar 2024 07:18

AstraZeneca's chemo replacement treatment moves closer to EU approval

(Sharecast News) - European regulators have validated two marketing authorisation applications (MMAs) for AstraZeneca, as the biopharma giant's datopotamab deruxtecan chemotherapy replacement treatment comes one step closer to receiving the green light to treat two types of cancer.

Read more
26 Feb 2024 08:51

AstraZeneca's Voydeya treatment recommended for EU approval

(Alliance News) - AstraZeneca on Monday announced further support from regulators for its first-in-class blood disease treatment.

Read more
26 Feb 2024 07:22

AstraZeneca's blood-disorder drug recommended for EU approval

(Sharecast News) - European regulators has given the green light to AstraZeneca's blood-disorder drug Voydeya, the biopharma giant announced on Monday.

Read more
22 Feb 2024 17:36

EARNINGS AND TRADING: Astra closes Gracell buy, Amicorp "on track"

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and Thursday and not separately reported by Alliance News:

Read more
20 Feb 2024 10:29

AstraZeneca acquires US-based biopharmaceutical company

(Sharecast News) - Drugmaker AstraZeneca revealed late on Monday afternoon that it had successfully completed its acquisition of US-based biopharmaceutical company Icosavax.

Read more
20 Feb 2024 09:40

LONDON BROKER RATINGS: JPMorgan cuts Airtel Africa price target by 28%

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

Read more
19 Feb 2024 16:51

LONDON MARKET CLOSE: Europe lacks direction on quiet Monday

(Alliance News) - European markets lacked direction on Monday, after a quiet day as the US markets celebrated George Washington's birthday.

Read more
19 Feb 2024 15:59

London close: Stocks manage gains on globally quiet day

(Sharecast News) - London's financial markets finished in positive territory on Monday, with stocks closing in the green after overcoming minor losses earlier in the session.

Read more
19 Feb 2024 15:39

UPDATE: AstraZeneca completes USD1.1 billion acquisition of Icosavax

(Alliance News) - AstraZeneca PLC on Monday said it has completed the acquisition of Icosavax Inc.

Read more
19 Feb 2024 11:51

LONDON MARKET MIDDAY: Stocks lack direction amid quiet start to week

(Alliance News) - Stock prices in London lacked direction at midday Monday, amid a quiet start to the week.

Read more
19 Feb 2024 08:44

LONDON MARKET OPEN: Stocks drift; Currys surges on takeover interest

(Alliance News) - Stock prices in London were looking for direction early Monday, as investors weighed possible trajectories for US interest rate cuts and a China's economic recovery.

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.