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
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.