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-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
9 Jan 2024 10:50

Novartis in advanced talks to buy Cytokinetics- source

Jan 9 (Reuters) - Swiss drugmaker Novartis is in the lead to acquire Cytokinetics in a deal that could value the drug developer at well over $10 billion, a source familiar with the matter said on Monday.

Read more
8 Jan 2024 14:08

Late M&A bonanza stokes healthcare dealmakers ahead of JPMorgan conference

NEW YORK, Jan 5 (Reuters) - Healthcare dealmakers are making their way to San Francisco for a major industry conference, optimistic that more deals are in the offing after a wave of biotech company takeovers at the end of last year.

Read more
6 Jan 2024 17:44

Late M&A bonanza stokes healthcare dealmakers ahead of JPMorgan conference

NEW YORK, Jan 5 (Reuters) - Healthcare dealmakers are making their way to San Francisco for a major industry conference, optimistic that more deals are in the offing after a wave of biotech company takeovers at the end of last year.

Read more
5 Jan 2024 12:00

Late M&A bonanza stokes healthcare dealmakers ahead of JPMorgan conference

NEW YORK, Jan 5 (Reuters) - Healthcare dealmakers are making their way to San Francisco for a major industry conference, optimistic that more deals are in the offing after a wave of biotech company takeovers at the end of last year.

Read more
3 Jan 2024 17:48

London close: Stocks fall amid rising geopolitical concerns

(Sharecast News) - London stocks closed lower on Wednesday - the 40th anniversary of the FTSE 100's launch - as sentiment remained cautious due to increasing tensions in the Middle East.

Read more
3 Jan 2024 16:52

LONDON MARKET CLOSE: Stocks down ahead of US Fed minutes

(Alliance News) - Stock prices in London closed lower on Wednesday, as investors nervously look ahead to the latest US Federal Reserve meeting minutes.

Read more
3 Jan 2024 11:07

Jefferies upgrades GSK to 'buy', cuts AstraZeneca to 'hold'

(Sharecast News) - Jefferies has upgraded its rating on GlaxoSmithKline to 'buy' and cut AstraZeneca to 'hold' as part of its review of the European pharma sector.

Read more
3 Jan 2024 10:16

IN BRIEF: Nuformix narrows annual loss as develops drug assets

Nuformix PLC - London-based developer of treatments for fibrosis and oncology via drug repurposing - Pretax loss narrows to GBP927,972 in 18 months that ended September 30 from GBP1.3 million in the 12 months that ended March 31, 2022, following its change of financial year-end. Has no meaningful revenue in either period, so reduced loss is due to lower administrative expenses.

Read more
3 Jan 2024 10:12

AIM WINNERS & LOSERS: C4X gets Astra payment; Getech wins eight deals

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

Read more
3 Jan 2024 09:23

LONDON BROKER RATINGS: GSK raised to 'buy'; AstraZeneca cut to 'hold'

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

Read more
3 Jan 2024 08:58

LONDON MARKET OPEN: Stocks mixed pre-Fed minutes, amid Asia losses

(Alliance News) - Stock prices in London opened mixed on Wednesday, ahead of US Federal Reserve meeting minutes and manufacturing PMI data for the US in the evening and afternoon respectively.

Read more
3 Jan 2024 08:04

C4X receives USD11 million from AstraZeneca following NRF2 trials

(Alliance News) - C4X Discovery Holdings PLC on Wednesday said it has received payment from AstraZeneca PLC following trials of the C4X respiratory disease therapy treatment.

Read more
3 Jan 2024 07:54

LONDON BRIEFING: Stocks to open flat pre-Fed minutes, jobs data

(Alliance News) - The FTSE 100 is expected to open flat on Wednesday, as London's flagship index celebrates its 40th anniversary, after mostly downbeat trading in Asia and a tech sell-off in New York.

Read more
2 Jan 2024 17:05

British equities slip on higher yields, financials drag

FTSE 100 down 0.2%, FTSE 250 off 0.9%

*

Read more
2 Jan 2024 12:01

LONDON MARKET MIDDAY: London stocks make largely soft start to 2024

(Alliance News) - Stock prices in London were mostly lower at midday on Tuesday in a slow start to the new year, reacting to the UK manufacturing sector finishing a tricky 2023 with a further contraction in December.

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.