The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen 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: 12,404.00
Bid: 12,416.00
Ask: 12,418.00
Change: 44.00 (0.36%)
Spread: 2.00 (0.016%)
Open: 12,330.00
High: 12,450.00
Low: 12,316.00
Prev. Close: 12,360.00
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-Sanofi and GSK delay COVID-19 vaccine, marking setback for global fight

Fri, 11th Dec 2020 06:26

* Phase I/II results show low immune response in older
adults

* Setback to global efforts to develop multiple vaccines

* New study expected next year using improved formulation

* Hopes for regulatory submission in second half of 2021

By Matthias Blamont

PARIS, Dec 11 (Reuters) - Sanofi and
GlaxoSmithKline said clinical trials of their COVID-19
vaccine showed an insufficient immune response in older people,
delaying its launch to late next year and marking a setback in
the global fight against the pandemic.

The announcement on Friday, which highlighted the challenges
of developing shots at record speed, hinders efforts to develop
the multiple options that experts say the world needs to counter
a disease that has killed over 1.5 million people.

The news, which came on the same day as Australia axed a
domestic vaccine project, is also a blow for many governments
that have booked hundreds of millions of doses of the shot,
including the European Union, United States and Britain.

Shares in France's Sanofi were down 2.8% at 0910 GMT while
Britain's GSK was up 0.2%.

The two companies said they planned to start another study
next February, hoping to come up with a more effective vaccine
by the end of 2021.

The setback affects one of the most established technologies
in vaccines - used against the human papillomavirus, hepatitis B
and pertussis among other pathogens - which aims to introduce
lab-made proteins into the body to prod the immune system into
developing a targeted defence against the novel coronavirus.

It cements the lead of more novel approaches used by
vaccines from the likes of Pfizer-BioNTech and Moderna,
which use mRNA genetic technology to trick the body into
producing those proteins. Both of those shots were found to be
about 95% effective in successful large-scale trials.

Delays and additional trials are not unusual but the
Sanofi/GSK announcement highlights the unique set of challenges
facing drugmakers in multitasking science, speed and logistics
during a pandemic that has crushed global economies.

It also underscores why governments have spread their bets
by securing shots from different developers.

Australia, meanwhile, cancelled the production of a COVID-19
vaccine developed by the University of Queensland and using an
adjuvant made by biotech firm CSL after trials showed
it could interfere with HIV diagnosis.

"Science cannot be all about producing positive results;
negative results will and must occur," said Diego Silva, an
expert at the University of Sydney School of Public Health.

"Negative results are also as important as success in
science, since they, too, form part of the evidence base for
future research."

DELAYED TO LATE 2021

Sanofi said Friday's results from Phase I/II trials showed
"an immune response comparable to patients who recovered from
COVID-19 in adults aged 18 to 49 years, but a low immune
response in older adults likely due to an insufficient
concentration of the antigen".

"With this type of vaccine, the result is not a surprise, we
know that more antigen is needed in older patients. But when in
Phase I and II, drugmakers test tolerance and one cannot test
strong dosages," said Jean-Daniel Lelievre, head of clinic
immunology and infectious diseases at Henri-Mondor hospital in
Creteil, France.

"I would think Sanofi and GSK will be able to improve their
vaccine."

Phase III studies were expected to start this month. However
Sanofi said it would instead launch a phase 2b study in
February.

"The study will include a proposed comparison with an
authorized COVID-19 vaccine," the company said, declining to
give further details on this.

"If data are positive, a global Phase III study could start
in Q2 2021. Positive results from this study would lead to
regulatory submissions in the second half of 2021, hence
delaying the vaccine's potential availability from mid-2021 to
Q4 2021."

The two companies said they had "updated governments and the
European Commission where a contractual commitment to purchase
the vaccine has been made".

BRITAIN JUMPS AHEAD

The vaccine uses the same recombinant protein-based
technology as one of Sanofi's seasonal influenza vaccines. It
will be coupled with an adjuvant, a substance that acts as a
booster to the vaccine, made by GSK.

Sanofi and GSK have scaled up manufacturing in order to be
ready to produce up to one billion doses of their vaccine in
2021. GSK said a goal to produce 1 billion doses of adjuvants -
with some expected to be delivered to other partners - in 2021
remained in place but was under review.

The Phase I/II study tested the safety, tolerability and
immune response of the vaccine in 440 healthy adults across 11
investigational sites in the United States..

This week, Britain started deploying the Pfizer-BioNTech
vaccine, jumping ahead of the rest of the world in the race.

Canada has also given the green light for the shot, while a
panel of outside advisers to the U.S. Food and Drug
Administration on Thursday voted to endorse emergency-use
authorization.

Britain's AstraZeneca Plc and Oxford University
have also reported late-stage data for their COVID-19 shot,
which showed it has an average success rate of about 70%.

Sanofi is working on another COVID-19 vaccine candidate with
U.S. company Translate Bio which uses mRNA technology.
Phase I trials are expected to start this month.

(Reporting by Matthias Blamont in Paris; Additional reporting
by Ludwig Burger in Frankfurt, Kate Kelland in London; Editing
by Josephine Mason and Pravin Char)

More News
6 Mar 2024 14:40

UK BUDGET: Some tax cuts but vapes, tobacco and non-doms targeted

(Alliance News) - A cut to national insurance, stamp duty relief as well as a freeze on fuel and alcohol duties were among the marquee tax measures that UK Chancellor Jeremy Hunt announced in his budget on Wednesday.

Read more
5 Mar 2024 14:24

AstraZeneca's breast cancer treatment blocked for NHS use in England

(Alliance News) - A treatment that extends the life of people with advanced breast cancer has been blocked for NHS use in England in a move that potentially impacts thousands of patients.

Read more
4 Mar 2024 09:31

AstraZeneca and Daiichi Sankyo get EU approval for cancer treatment

(Alliance News) - AstraZeneca PLC and Daiichi Sankyo Co Ltd on Monday said that the European Medicines Agency has approved two marketing authorisation applications for their datopotamab deruxtecan in two types of cancer.

Read more
4 Mar 2024 07:18

AstraZeneca's chemo replacement treatment moves closer to EU approval

(Sharecast News) - European regulators have validated two marketing authorisation applications (MMAs) for AstraZeneca, as the biopharma giant's datopotamab deruxtecan chemotherapy replacement treatment comes one step closer to receiving the green light to treat two types of cancer.

Read more
26 Feb 2024 08:51

AstraZeneca's Voydeya treatment recommended for EU approval

(Alliance News) - AstraZeneca on Monday announced further support from regulators for its first-in-class blood disease treatment.

Read more
26 Feb 2024 07:22

AstraZeneca's blood-disorder drug recommended for EU approval

(Sharecast News) - European regulators has given the green light to AstraZeneca's blood-disorder drug Voydeya, the biopharma giant announced on Monday.

Read more
22 Feb 2024 17:36

EARNINGS AND TRADING: Astra closes Gracell buy, Amicorp "on track"

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and Thursday and not separately reported by Alliance News:

Read more
20 Feb 2024 10:29

AstraZeneca acquires US-based biopharmaceutical company

(Sharecast News) - Drugmaker AstraZeneca revealed late on Monday afternoon that it had successfully completed its acquisition of US-based biopharmaceutical company Icosavax.

Read more
20 Feb 2024 09:40

LONDON BROKER RATINGS: JPMorgan cuts Airtel Africa price target by 28%

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

Read more
19 Feb 2024 16:51

LONDON MARKET CLOSE: Europe lacks direction on quiet Monday

(Alliance News) - European markets lacked direction on Monday, after a quiet day as the US markets celebrated George Washington's birthday.

Read more
19 Feb 2024 15:59

London close: Stocks manage gains on globally quiet day

(Sharecast News) - London's financial markets finished in positive territory on Monday, with stocks closing in the green after overcoming minor losses earlier in the session.

Read more
19 Feb 2024 15:39

UPDATE: AstraZeneca completes USD1.1 billion acquisition of Icosavax

(Alliance News) - AstraZeneca PLC on Monday said it has completed the acquisition of Icosavax Inc.

Read more
19 Feb 2024 11:51

LONDON MARKET MIDDAY: Stocks lack direction amid quiet start to week

(Alliance News) - Stock prices in London lacked direction at midday Monday, amid a quiet start to the week.

Read more
19 Feb 2024 08:44

LONDON MARKET OPEN: Stocks drift; Currys surges on takeover interest

(Alliance News) - Stock prices in London were looking for direction early Monday, as investors weighed possible trajectories for US interest rate cuts and a China's economic recovery.

Read more
19 Feb 2024 08:36

TOP NEWS: AstraZeneca celebrates Tagrisso approval and new data

(Alliance News) - AstraZeneca PLC on Monday announced new study data and a new approval for its cancer medication Tagrisso.

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.