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: -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-EU agrees first COVID-19 vaccine deal with AstraZeneca in WHO blow

Fri, 14th Aug 2020 11:44

* EU secures at least 300 mln doses of AstraZeneca vaccine

* Move could weaken WHO-led initiative for global approach

* EU countries could buy additional 100 million doses

* AstraZeneca says vaccine to be sold at no profit during
pandemic
(Adds detail and WHO comment)

By Francesco Guarascio

BRUSSELS, Aug 14 (Reuters) - The European Union has agreed
to buy at least 300 million doses of AstraZeneca's
potential COVID-19 vaccine in its first such advance purchase
deal, which could weaken plans led by the World Health
Organization (WHO) for a global approach.

The European Commission, which is negotiating on behalf of
all 27 EU member states, said the deal included an option to
purchase 100 million additional doses from the British drugmaker
should its vaccine prove safe and effective.

The EU's bilateral deal mirrors moves by the United States
and other wealthy states, some of which are critical of the
WHO's initiative, and further reduces the potentially available
stock in the race to secure effective COVID-19 vaccines.

The move converts into an EU agreement a preliminary deal
with AstraZeneca that was reached in June by Europe's Inclusive
Vaccines Alliance (IVA), a group formed by France, Germany,
Italy and the Netherlands to secure vaccine doses for all member
states.

The Commission declined to disclose the terms of its
agreement with AstraZeneca but said its deals are aimed at
financing part of the upfront costs to develop vaccines. The
funding would be partial downpayments to secure the shots, but
actual purchases would be decided at a later stage by each EU
state.

"This new agreement will give all EU member states the
option to access the vaccine in an equitable manner at no profit
during the pandemic," AstraZeneca said in a statement.

The EU said it has been in advanced talks over the past two
weeks with Johnson & Johnson and Sanofi for
their vaccines under development .

It is also in talks with Pfizer, Moderna
and CureVac for upfront purchases of their potential COVID-19
vaccines, EU officials told Reuters in July.

WHO BLOW?

The EU move could complicate efforts led by the WHO and
GAVI, a global alliance for vaccines, to buy shots on behalf of
rich and developing countries with a separate scheme.

The Commission has urged EU states to shun the WHO-led
initiative because it sees it as too expensive and slow, EU
officials told Reuters in July.

Now the Commission is openly saying that vaccines bought
from AstraZeneca, and from other vaccine makers, could be
donated to poorer states, effectively taking on the very task
that the WHO is pursuing with the so-called ACT-Accelerator Hub.

Brussels has publicly said that its purchasing scheme is
complementary to the WHO's, but in private told EU states that
there may be legal issues if they joined the WHO programme.

Bruce Aylward, the WHO senior adviser who leads the
ACT-Accelerator Hub, downplayed fears that bilateral deals could
scuttle the WHO's multilateral push.

He said late on Thursday that some countries that have
reserved vaccines for their populations had also expressed
interest in participating in a global rollout.

"You hear a lot of panic about buying, deals, etc. But we
have a couple of months to work together as a global community,"
he said, adding that pooling risks and buying together was the
ideal solution.

(Reporting by Francesco Guarascio in Brussels
Additional reporting by John Miller in Zurich
Editing by Jason Neely, Alexander Smith and David Goodman)

More News
11 Apr 2024 17:13

FTSE 100 edges lower as financials drag

Lok'nStore surges to all-time high after buyout by Shurgard

*

Read more
11 Apr 2024 17:07

Banks weigh down Europe's STOXX 600 after ECB signals rate cuts

Outlook hike sends Ambu shares up

*

Read more
11 Apr 2024 15:56

London close: Stocks finish lower as ECB stands pat

(Sharecast News) - London's stock markets finished in negative territory on Thursday, as investors reacted to the European Central Bank's latest policy announcement and a producer price index release in the United States.

Read more
11 Apr 2024 11:50

LONDON MARKET MIDDAY: Europe takes hit on nerves ahead of ECB decision

(Alliance News) - European equities sunk lower at midday on Thursday, with sentiment hurt by hotter-than-expected inflation from the US crushing hopes of interest rate cuts.

Read more
11 Apr 2024 08:56

TOP NEWS: Astra plans 7% dividend hike for 2024 after no rise in 2023

(Alliance News) - AstraZeneca PLC said it intends to raise its annualised dividend for 2024, citing confidence in its business performance and cash generation.

Read more
11 Apr 2024 08:54

LONDON MARKET OPEN: European markets mixed ahead of ECB decision

(Alliance News) - European equities lacked direction early Thursday morning, ahead of an interest rate decision from the European Central Bank this afternoon.

Read more
11 Apr 2024 07:49

LONDON BRIEFING: Astra promises dividend hike; Darktrace ups guidance

(Alliance News) - Stocks in London are called to open slightly higher on Thursday, as investors eye the latest interest rate decision from the European Central Bank, a day after a hotter-than-expected US inflation reading.

Read more
11 Apr 2024 07:20

AstraZeneca to hike 2024 dividend by 7%

(Sharecast News) - Biopharma giant AstraZeneca has announced that it will increase its annual dividend by 7%, which the board said demonstrates its confidence in the company's performance and cash generation.

Read more
8 Apr 2024 08:36

TOP NEWS: AstraZeneca hails neurological data for Ultomiris, Soliris

(Alliance News) - AstraZeneca PLC on Monday said long-term data in generalised myasthenia gravis will underscore the "vital role" of its Ultomiris and Soliris antibodies in the treatment landscape.

Read more
8 Apr 2024 07:43

LONDON BRIEFING: Astra hails neurology data; CVS flags cyberattack

(Alliance News) - London's FTSE 100 is called to open a touch higher on Monday, ahead of an interest rate decision in the eurozone and a US inflation reading later in the week.

Read more
8 Apr 2024 07:02

AstraZeneca's Enhurtu cancer gets US green light for adult patients

(Sharecast News) - AstraZeneca and Daiichi Sankyo's Enhertu cancer drug has been approved in the US for adult patients with unresectable or metastatic solid tumours who have received prior systemic treatment and have no satisfactory alternative options.

Read more
8 Apr 2024 06:53

TOP NEWS: AstraZeneca's, Daiichi's Enhertu receives US FDA approval

(Alliance News) - AstraZeneca PLC and Daiichi Sankyo Co Ltd on Saturday announced that the US Food & Drug Administration has approved their cancer drug conjugate for patients with metastatic HER2-positive solid tumours.

Read more
5 Apr 2024 09:42

AstraZeneca makes "breakthrough" in treating small cell lung cancer

(Alliance News) - AstraZeneca PLC on Friday reported positive results relating to its Imfinzi cancer treatment in phase III trials.

Read more
5 Apr 2024 07:50

LONDON BRIEFING: Shell to book USD600 million first-quarter write-off

(Alliance News) - London's FTSE 100 is called to open lower on Friday, with hawkish remarks from Federal Reserve policymakers and fears of ratcheting Middle East tensions giving investors little to cheer about ahead of the latest US jobs data.

Read more
5 Apr 2024 07:23

AstraZeneca announces positive lung cancer treatment trial results

(Sharecast News) - AstraZeneca announced positive high-level results from a phase three trial demonstrating significant advancements in the treatment of limited-stage small cell lung cancer (LS-SCLC) on Friday.

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.