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 4-India approves AstraZeneca and local COVID vaccines, rollout soon

Sun, 03rd Jan 2021 06:08

* AstraZeneca's COVISHIELD, Bharat Biotech's COVAXIN
approved

* COVISHIELD found 70.42% effective

* COVAXIN "safe and provides a robust immune
response"-regulator

* No efficacy data provided for COVAXIN
(Adds comments from health minister, Bharat Biotech)

By Aftab Ahmed and Krishna N. Das

NEW DELHI, Jan 3 (Reuters) - India's drugs regulator on
Sunday gave final approval for the emergency-use of two
coronavirus vaccines, one developed by AstraZeneca and
Oxford University and the other by local company Bharat Biotech
and a state-run institute.

The decisions mark the first vaccine approvals for the
world's second-most populous country, which after the United
States, has recorded the most infections of the coronavirus
disease.

It is now expected to start a massive immunisation programme
within about a week, a government official said, and hopes to
inoculate 300 million of its 1.35 billion people free of charge
in the first six to eight months of this year.

The AstraZeneca/Oxford shot, already approved in Britain,
Argentina and El Salvador, will take the lead and Bharat
Biotech's COVAXIN will be administered under stricter conditions
given no efficacy data has been released for it.

"It's now time to reap the benefits of the robust supply
chain infrastructure we've put in place for quick and equitable
distribution of the vaccine," said Harsh Vardhan, the health
minister of India, which is the world's biggest vaccine producer
and exporter.

"Urge all citizens to entrust the stringent protocols
followed for ensuring safety, efficacy and immunogenicity of the
approved vaccines."

Drugs Controller General of India V.G. Somani said the
overall efficacy of the AstraZeneca/Oxford vaccine was 70.42%,
while Bharat Biotech's COVAXIN was "safe and provides a robust
immune response".

The British-developed AstraZeneca/Oxford shot is being made
locally by the Serum Institute of India (SII) and will be
branded COVISHIELD, while Bharat Biotech has teamed up with the
government-run Indian Council of Medical Research.

A lawmaker from Prime Minister Narendra Modi's nationalist
party had earlier complained about the apparent preference for
the foreign-made vaccine instead of the local one, whose
approval has also raised questions about a lack of transparency
in the process.

"Vaccines of M/s Serum and M/s Bharat Biotech are being
approved for restricted use in emergency situations," Somani,
the head of the Central Drugs Standards Control Organisation,
said at a news conference, reading from a written statement.

Somani did not take questions.

Both vaccines will be administered in two doses and stored
at 2-8° degrees Celsius (36 to 48°F), he said, without
clarifying what intervals between shots were being recommended.
Sources said on Saturday the doses would have to be given four
weeks apart.

Somani said the Bharat Biotech vaccine had been approved "in
public interest as an abundant precaution, in clinical trial
mode, to have more options for vaccinations, especially in case
of infection by mutant strains".

Prime Minister Narendra Modi welcomed the approvals.

"It would make every Indian proud that the two vaccines that
have been given emergency use approval are made in India!" he
said on Twitter, calling it a sign of a "self-reliant" country.

SII, the world's biggest vaccine producer, has already
stockpiled more than 50 million doses of the AstraZeneca/Oxford
vaccine even before securing a formal supply deal with the
government.

"All the risks @SerumInstIndia took with stockpiling the
vaccine, have finally paid off," CEO Adar Poonawalla said on
Twitter. "COVISHIELD, India's first COVID-19 vaccine, is
approved, safe, effective and ready to roll-out in the coming
weeks."

CONTROVERSY

The AstraZeneca/Oxford vaccine, granted its first approval
by Britain last week, is cheaper and easier to use than some
rival shots, such as one from Pfizer Inc - a major
advantage in tackling a pandemic that has claimed more than 1.8
million lives worldwide.

The British shot, however, has been plagued by uncertainty
about its most effective dosage ever since data published in
November showed a half dose followed by a full dose had a 90%
success rate, while two full shots were 62% effective.

The efficacy of the Indian vaccine could "go up much more"
than 60% after two doses are given, a source with knowledge of
the matter told Reuters. Bharat Biotech earlier said they could
produce up to 300 million doses a year.

"While this vaccine addresses an unmet medical need during
this pandemic, our goal is to provide global access to
populations that need it the most," the company's chairman,
Krishna Ella, said. "COVAXIN has generated excellent safety data
with robust immune responses."

An opposition lawmaker and former minister, however,
questioned the approval process for COVAXIN.

"Bharat Biotech is a first-rate enterprise, but it is
puzzling that internationally accepted protocols relating to
phase 3 trials are being modified for Covaxin," Jairam Ramesh
wrote on Twitter.

India's regulator has also received an emergency-use
application for the COVID-19 vaccine made by Pfizer and
Germany's BioNTech - the first shot to secure
regulatory approval in the West.

India has reported more than 10.3 million COVID-19 cases and
around 150,000 deaths, though its infection rate has come down
significantly from a mid-September peak.

SII plans to sell the AstraZeneca/Oxford vaccine to the
Indian government at about 250 rupees ($3.42) per dose and 1,000
rupees on the private market.

The regulator on Sunday also gave permission to Cadila
Healthcare Ltd to conduct Phase-III clinical trials on
26,000 Indian participants for its DNA-platform vaccine
candidate, saying the interim trial data had shown it was "safe"
and prompted an immune response under a three-dose regimen.

(Additionbal reporting by Nigam Prusty and Shilpa Jamkhandikar;
Editing by Neil Fullick)

More News
3 May 2024 12:17

CORRECT: Angle shares up on assay development deal with AstraZeneca

(Correcting company name in headline)

Read more
3 May 2024 11:50

Angle shares up on assay development deal with AstraZenaca

(Alliance News) - Shares in Angle PLC jumped on Friday, after the company said it has been chosen to develop a prostate cancer assay using its Parsortix technology, opening the door for future clinical study-supporting contracts.

Read more
3 May 2024 07:50

LONDON BRIEFING: InterContinental Hotels makes first-quarter progress

(Alliance News) - London's FTSE 100 is called to open higher on Friday, on the expectation of a softer US jobs report, which could take some sting out of hawkish Federal Reserve interest rate expectations.

Read more
2 May 2024 10:04

AstraZeneca notes positive trial results for Calquence treatment

(Alliance News) - AstraZeneca PLC on Thursday said it observed positive high-level results in the Echo phase 3 trial of its Calquence treatment for previously untreated adult patients with mantle cell lymphoma.

Read more
2 May 2024 07:45

AstraZeneca reports positive results from blood cancer drug trial

(Sharecast News) - AstraZeneca has reported positive results from the use of its Calquence drug in a clinical trial to treat a rare type of blood cancer.

Read more
29 Apr 2024 22:52

J&J, Bristol Myers lose challenges to US drug price negotiation program

April 29 (Reuters) - A U.S. judge on Monday rejected a challenge by Bristol Myers Squibb and Johnson & Johnson to a law requiring them to negotiate the prices of their blockbuster blood clot prevention drugs with the U.S government's Medicare health insurance program or pay heavy penalties.

Read more
29 Apr 2024 10:02

LONDON BROKER RATINGS: Deutsche Bank likes Frasers; Barclays cuts JD

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

Read more
29 Apr 2024 09:13

AstraZeneca makes progress with Truqap and Enhertu cancer treatments

(Alliance News) - AstraZeneca PLC on Monday said its Truqap drug has been recommended for approval in the EU to treat a form of breast cancer, while also noting trial results for its Enhertu offering.

Read more
29 Apr 2024 07:50

LONDON BRIEFING: Hipgnosis Songs Fund backs new Blackstone bid

(Alliance News) - London's FTSE 100 is called to open higher on Monday, with heady gains for US tech stocks on Friday brightening the mood in Europe and Asia at the start of the new week.

Read more
29 Apr 2024 07:24

AstraZeneca makes progress with two breast cancer treatments

(Sharecast News) - AstraZeneca issued favourable updates on two of its breast cancer treatments on Monday - 'Truqap', or capivasertib, and 'Enhertu', or trastuzumab deruxtecan - following encouraging results from respective phase three trials.

Read more
26 Apr 2024 09:33

LONDON BROKER RATINGS: Peel Hunt cuts ConvaTec to 'reduce'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

Read more
25 Apr 2024 16:57

LONDON MARKET CLOSE: FTSE 100 shakes off red-hot US inflation gauge

(Alliance News) - London's FTSE 100 outperformed on Thursday, enjoying a solid rise on largely well-received corporate earnings and a share price jump for miner Anglo American after it received a takeover bid from peer BHP.

Read more
25 Apr 2024 15:14

London close: Stocks finish mixed as US GDP growth slows

(Sharecast News) - London's stock markets finished with a mixed performance on Thursday, as investors digested a slower-than-expected GDP growth reading from the United States, while a slew of well-received earnings underpinned the top-flight index.

Read more
25 Apr 2024 11:50

LONDON MARKET MIDDAY: FTSE 100 hits high on offer for Anglo American

(Alliance News) - The FTSE 100 was outperforming European markets at midday on Thursday, with the index boosted to a record high thanks to takeover talks.

Read more
25 Apr 2024 10:33

AstraZeneca leaps after smashing first-quarter forecasts

Q1 revenue up 19% to $12.68 bln

*

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.