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: 12,296.00
Bid: 12,322.00
Ask: 12,324.00
Change: 0.00 (0.00%)
Spread: 2.00 (0.016%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 12,296.00
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 5-Novavax says COVID-19 vaccine 89% effective in UK trial, less in South Africa, shares jump

Thu, 28th Jan 2021 21:33

(Adds manufacturing plans and progress)

By Julie Steenhuysen

CHICAGO, Jan 28 (Reuters) - Novavax Inc said on
Thursday its coronavirus vaccine was 89.3% effective in
preventing COVID-19 in a trial conducted in the United Kingdom,
and was nearly as effective in protecting against the more
highly contagious variant first discovered in the UK, according
to a preliminary analysis.

A mid-stage trial of the vaccine in South Africa, where a
troubling new variant of the virus is common, showed 60%
effectiveness among people who did not have HIV.

Novavax shares surged 34% in after hours trading following
release of the trial results on the same day the United States
reported its first cases of the South African
variant.

Novavax is already stockpiling vaccine at six operating
manufacturing locations, and said it expects a total of eight
plants in seven countries to produce at the rate of 2 billion
doses per year, including from the Serum Institute of India.

The company on a conference call noted that this was interim
data and executives said they expect it will be two to three
months before they are ready to apply for authorization with
regulators.

The UK trial, which enrolled 15,000 people aged 18 to 84, is
expected to be used to apply for use in Britain, the European
Union and other countries.

Approval of the Novavax vaccine would be most welcome in
Europe as it struggles with meager vaccine supply after
Pfizer/BioNTech and AstraZeneca Plc delivered fewer
doses than hoped.

Executives on the call said the company was discussing with
the U.S. Food and Drug Administration whether the UK and South
Africa data was enough to apply for U.S. emergency use
authorization.

The UK study took place as the more highly transmissible UK
variant was circulating. The preliminary analysis suggests the
vaccine was 85.6% effective against this mutation, the U.S.
company announced in its news release. It did not provide
detailed data.

In the UK trial, the effectiveness of the vaccine was close
to that of the two authorized vaccines from Pfizer Inc
with BioNTech SE and Moderna Inc, whose
two-dose regimens were both around 95% effective at preventing
COVID-19 in clinical trials.

'WE'VE GOTTEN SPOILED'

John Moore, a professor of microbiology and immunology at
Weill Cornell Medical College in New York, said the Novavax UK
data are essentially the same as results from Pfizer and
Moderna.

"It's not statistically different. The vaccine basically
works well in the predominant strain circulating in the UK,
which means it's likely to be equally effective in the United
States," he said.

Dr. Amesh Adalja, an infectious disease expert at the Johns
Hopkins Center for Health Security, said the results were in
line with hopes, and that he was concerned people would focus
too much on the weaker effectiveness shown in South Africa.

"We've gotten spoiled because we've seen the Moderna and
Pfizer numbers. I know people are going to be alarmed, but 60%
efficacy against the new variant is acceptable," he said, noting
that the FDA initially said it would approve a vaccine that was
at least 50% effective.

The South African variant has been shown to evade antibody
protection in lab studies by Moderna and Pfizer/BioNTech.

Novavax said it started making new versions of its vaccine
to protect against emerging virus variants in early January and
expects to select ideal candidates for a booster in the coming
days. The company said it plans to initiate clinical testing of
these new vaccines in the second quarter of this year.

A 30,000-person trial in the United States and Mexico that
began in December also is underway. The company has received
$1.6 billion from the U.S. government in funding for the vaccine
trial and for 100 million doses.

It also has received at least $388 million in backing from
the Coalition for Epidemic Preparedness Innovation (CEPI), a
Norway-based group backed by 14 governments, the Bill and
Melinda Gates Foundation, and Britain’s Wellcome Trust.

Authorized vaccines so far have been based on newer
technology platforms, such as the messenger RNA technology used
by Moderna and Pfizer/BioNTech, or inactivated cold virus
platforms used by Oxford University/AstraZeneca and CanSino
Biologics.

Novavax’s is a more conventional protein-based vaccine, an
approach similar to that used by Sanofi to make its
Flublok seasonal flu vaccine. The Novavax vaccine works with the
company's proprietary Matrix-M adjuvant used to boost its
efficacy.
(Reporting by Caroline Humer, Julie Steenhuysen and Vishwadha
Chander; Editing by Peter Henderson and Bill Berkrot)

More News
11 Apr 2024 17:13

FTSE 100 edges lower as financials drag

Lok'nStore surges to all-time high after buyout by Shurgard

*

Read more
11 Apr 2024 17:07

Banks weigh down Europe's STOXX 600 after ECB signals rate cuts

Outlook hike sends Ambu shares up

*

Read more
11 Apr 2024 15:56

London close: Stocks finish lower as ECB stands pat

(Sharecast News) - London's stock markets finished in negative territory on Thursday, as investors reacted to the European Central Bank's latest policy announcement and a producer price index release in the United States.

Read more
11 Apr 2024 11:50

LONDON MARKET MIDDAY: Europe takes hit on nerves ahead of ECB decision

(Alliance News) - European equities sunk lower at midday on Thursday, with sentiment hurt by hotter-than-expected inflation from the US crushing hopes of interest rate cuts.

Read more
11 Apr 2024 08:56

TOP NEWS: Astra plans 7% dividend hike for 2024 after no rise in 2023

(Alliance News) - AstraZeneca PLC said it intends to raise its annualised dividend for 2024, citing confidence in its business performance and cash generation.

Read more
11 Apr 2024 08:54

LONDON MARKET OPEN: European markets mixed ahead of ECB decision

(Alliance News) - European equities lacked direction early Thursday morning, ahead of an interest rate decision from the European Central Bank this afternoon.

Read more
11 Apr 2024 07:49

LONDON BRIEFING: Astra promises dividend hike; Darktrace ups guidance

(Alliance News) - Stocks in London are called to open slightly higher on Thursday, as investors eye the latest interest rate decision from the European Central Bank, a day after a hotter-than-expected US inflation reading.

Read more
11 Apr 2024 07:20

AstraZeneca to hike 2024 dividend by 7%

(Sharecast News) - Biopharma giant AstraZeneca has announced that it will increase its annual dividend by 7%, which the board said demonstrates its confidence in the company's performance and cash generation.

Read more
8 Apr 2024 08:36

TOP NEWS: AstraZeneca hails neurological data for Ultomiris, Soliris

(Alliance News) - AstraZeneca PLC on Monday said long-term data in generalised myasthenia gravis will underscore the "vital role" of its Ultomiris and Soliris antibodies in the treatment landscape.

Read more
8 Apr 2024 07:43

LONDON BRIEFING: Astra hails neurology data; CVS flags cyberattack

(Alliance News) - London's FTSE 100 is called to open a touch higher on Monday, ahead of an interest rate decision in the eurozone and a US inflation reading later in the week.

Read more
8 Apr 2024 07:02

AstraZeneca's Enhurtu cancer gets US green light for adult patients

(Sharecast News) - AstraZeneca and Daiichi Sankyo's Enhertu cancer drug has been approved in the US for adult patients with unresectable or metastatic solid tumours who have received prior systemic treatment and have no satisfactory alternative options.

Read more
8 Apr 2024 06:53

TOP NEWS: AstraZeneca's, Daiichi's Enhertu receives US FDA approval

(Alliance News) - AstraZeneca PLC and Daiichi Sankyo Co Ltd on Saturday announced that the US Food & Drug Administration has approved their cancer drug conjugate for patients with metastatic HER2-positive solid tumours.

Read more
5 Apr 2024 09:42

AstraZeneca makes "breakthrough" in treating small cell lung cancer

(Alliance News) - AstraZeneca PLC on Friday reported positive results relating to its Imfinzi cancer treatment in phase III trials.

Read more
5 Apr 2024 07:50

LONDON BRIEFING: Shell to book USD600 million first-quarter write-off

(Alliance News) - London's FTSE 100 is called to open lower on Friday, with hawkish remarks from Federal Reserve policymakers and fears of ratcheting Middle East tensions giving investors little to cheer about ahead of the latest US jobs data.

Read more
5 Apr 2024 07:23

AstraZeneca announces positive lung cancer treatment trial results

(Sharecast News) - AstraZeneca announced positive high-level results from a phase three trial demonstrating significant advancements in the treatment of limited-stage small cell lung cancer (LS-SCLC) on Friday.

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.