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Pin to quick picksAstrazeneca Share News (AZN)

Share Price Information for Astrazeneca (AZN)

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Share Price: 12,332.00
Bid: 12,344.00
Ask: 12,346.00
Change: 68.00 (0.55%)
Spread: 2.00 (0.016%)
Open: 12,268.00
High: 12,388.00
Low: 12,256.00
Prev. Close: 12,264.00
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UPDATE 3-India tells overseas vaccine buyers it has to prioritise local needs

Fri, 26th Mar 2021 04:08

* India tells foreign partners domestic vaccine demand
rising

* Inoculation campaign to include more people beyond those
aged 45

* Daily infections hit five-month high in India, deaths rise
(Recasts)

By Neha Arora and Rajendra Jadhav

NEW DELHI, March 26 (Reuters) - India, the world's biggest
vaccine maker, said on Friday it would make domestic COVID-19
inoculations a priority as infections surge and had told
international buyers of its decision.

Reports that India will delay deliveries of AstraZeneca's
COVID-19 vaccine to a global programme to inoculate poorer
countries triggered alarm on Thursday, with the head of Africa's
disease control agency describing the continent as
"helpless".

India has exported 60.5 million doses, more than the number
of inoculations conducted at home, and says there is no outright
ban on exports.

"In the coming weeks and months ... obviously there will be
a demand spike and obviously people are preparing for it,"
Subrahmanyam Jaishankar told the Times Network's India Economic
Enclave.

"In many cases, we have told our international partners that
... COVID rates are going up in India, we are expanding our own
vaccination ambit, so we are sure you will understand that at
this time we have to purpose it much more focused at where we
are."

The Gavi alliance said in a statement that the COVAX
vaccine-sharing facility had notified all affected economies of
potential delays of exports by the Serum Institute of India
(SII).

India is diverting more supplies from SII to inoculations at
home. Its other vaccine maker, Bharat Biotech, is struggling to
boost output.

"SII has pledged that, alongside supplying India, it will
prioritize the COVAX multilateral solution for equitable
distribution," Gavi said.

COVAX is a global vaccine allocation plan co-led by the
World Health Organization and partners including the Gavi
alliance.

India on Friday reported 59,118 new infections, taking its
tally to 11.85 million, the world's third largest after the
United States and Brazil. The death toll rose by 257 to stand at
160,949.

Everyone above 45 in India is eligible for vaccination from
April 1 and the government is considering including more people
after new infections nearly quadrupled this month.

"The government is already planning to widen the umbrella of
COVID-19 vaccine beneficiaries in the near future to cover other
sections of our population," Health Minister Harsh Vardhan told
a virtual summit organised by the Economic Times newspaper.

India has injected 55 million vaccine doses, the third
highest figure after the United States and Brazil, although much
lower as a proportion of its population of 1.35 billion, the
website Our World in Data showed.

The western state of Maharashtra, hardest hit by a
resurgence in cases, has warned of vaccine shortages and imposed
lockdowns in some towns.

Authorities have also warned of a strict lockdown in Pune
district, which on Thursday reported a record 6,427 new cases,
the highest in the country.

"If the current surge in coronavirus cases remains there for
the next few days, there will be no option but to impose a
strict lockdown in Pune from April 2," Maharashtra's deputy
chief minister, Ajit Pawar, told a news conference.

As beds run short in hospitals in the state, authorities
said a fire in one hospital near Mumbai killed 10 patients, most
of them COVID-19 sufferers.

(Global vaccination tracker: https://graphics.reuters.com/world-coronavirus-tracker-and-maps/vaccination-rollout-and-access/)

(Interactive graphic tracking global spread of coronavirus:
https://graphics.reuters.com/world-coronavirus-tracker-and-maps/)

(Reporting by Neha Arora; Additional reporting by Shilpa
Jamkhandikar; Editing by Krishna N. Das, Clarence Fernandez and
Nick Macfie)

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