The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma 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: 12,122.00
Bid: 12,120.00
Ask: 12,124.00
Change: 98.00 (0.82%)
Spread: 4.00 (0.033%)
Open: 11,950.00
High: 12,142.00
Low: 11,944.00
Prev. Close: 12,024.00
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 6-S.Africa may sell AstraZeneca shots as it switches to J&J vaccine to fight variant

Wed, 10th Feb 2021 06:17

* S.Africa has paused AstraZeneca vaccinations

* Vaccine less effective vs local variant -trial

* To start immunisations with J&J doses instead

* Small amounts of J&J to arrive initially

* Rollout will be in study form with researchers
(Adds WHO panel, Gavi, Gray comments)

By Alexander Winning and Wendell Roelf

JOHANNESBURG, Feb 10 (Reuters) - South Africa's health
minister said on Wednesday the government may sell doses of
AstraZeneca's COVID-19 vaccine it may not need or swap
for a different vaccine, as it scrambles to start inoculating
its citizens with an alternative U.S. shot next week.

The unusual move comes just days after South Africa paused
the rollout of the vaccine developed by AstraZeneca and Oxford
University following a small clinical trial that showed it
offered minimal protection against mild to moderate illness from
the 501Y.V2 variant dominant in the country.

One million doses of the AstraZeneca vaccine, produced by
the Serum Institute of India, landed in the country last week,
and another 500,000 are due to arrive in coming weeks. That's
enough to inoculate 750,000 people.

South Africa was also expecting to receive AstraZeneca shots
via the COVAX global vaccine distribution scheme co-led by the
World Health Organization (WHO) and an African Union (AU)
arrangement.

Health Minister Zweli Mkhize told a news conference the
country would start vaccinating health workers with Johnson &
Johnson's vaccine in the form of an "implementation
study" with researchers sometime next week.

He said he would wait for advice from scientists before
proceeding with the possible sale or switch of the British shot.

"Why not sell the AstraZeneca to other countries? Well it's
an option ... we will consider it. First our scientists will
tell us what we do with it. Can we use it within the time that's
available ... before it expires?" Mkhize said.

"If not, can we swap it with anyone else, because we've
discussed it with COVAX and with AVATT (the AU's vaccine task
team), so we will see what we will do."

It is not clear how a sale or swap would work given the
varying prices for vaccines around the world, or whether the
British drugmaker would have to agree to such a move. The Serum
Institute and AstraZeneca declined to comment.

Still, in a briefing to lawmakers later in the day, Mkhize
said the government wanted to see whether it could swap
AstraZeneca shots it had ordered from the Serum Institute for
doses of a different vaccine available under the COVAX scheme
run by the WHO and international vaccines alliance Gavi.

The move is the latest twist in a saga that has engulfed
South Africa this week as it tries to tame the fast-spreading
variant. The country's death toll is nearing 47,000 and
infections have surpassed 1.47 million.

A WHO panel said on Wednesday that the AstraZeneca vaccine
was safe and effective and should be deployed widely, including
in countries where the 501Y.V2 variant could reduce its
efficacy. Gavi said COVAX was exploring ways for countries
participating in the facility to exchange vaccine doses with
each other to optimise for their needs.

ALTERNATIVES

Turning to J&J for alternative supplies is another blow to
AstraZeneca, whose vaccine is considered critical for poor
nations because it is cheap and easy to store.

South Africa's Ministerial Advisory Committee should be able
to give a considered view on how to deal with the AstraZeneca
vaccine in the next week or two, Mkhize said, adding the
government had also secured doses from Pfizer for health
workers.

Negotiations with Moderna, China's Sinopharm and
over Russia's Sputnik V vaccine are ongoing.

Mkhize referred to the first batch of J&J doses as "bridging
stock" and said they could arrive next week.

Officials previously said the country had secured 9 million
J&J single-dose shots, and Mkhize said a deal could be finalised
soon.

Glenda Gray, Medical Research Council (MRC) president, said
the government and the MRC aimed to immunise up to 500,000
health workers in the J&J study, with batches of around 80,000
doses arriving every seven to 14 days once the study is
approved.

Eventually, most of the J&J supplies could come from local
pharmaceutical company Aspen, which is due to bring
production on stream around April, Mkhize said.

The J&J vaccine was 89% effective at preventing severe
disease and 57% effective against moderate to severe disease in
the South African leg of a large global trial. About 95% of
infections in the local study were due to the 501Y.V2 variant.

The variant has alarmed health experts who have raised
concerns about its ability to potentially evade the immune
response generated by prior exposure to the coronavirus or
vaccines.

South Africa's neighbour eSwatini said on Tuesday it would
not use the AstraZeneca vaccine.

(Reporting by Alexander Winning and Wendell Roelf;
Additional reporting by Ludwig Burger in Frankfurt, Krishna Das
in New Delhi, Stephanie Nebehay in Geneva and Kate Kelland in
London;
Writing by Raju Gopalakrishnan and Josephine Mason;
Editing by Olivia Kumwenda-Mtambo, Nick Macfie and Lisa
Shumaker)

More News
13 Feb 2024 12:06

LONDON MARKET MIDDAY: Stocks fall but pound up before US data

(Alliance News) - Stock prices in London were on the decline on Tuesday afternoon, with sentiment tetchy ahead of a US inflation report later.

Read more
13 Feb 2024 09:32

LONDON BROKER RATINGS: Citi lifts GSK; Shore likes XPS Pensions

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

Read more
12 Feb 2024 12:04

LONDON MARKET MIDDAY: FTSE 100 underperforms as European peers rise

(Alliance News) - London's FTSE 100 underwhelmed on Monday, with some of its largest constituents pulling it lower, while indices in Europe were on the up on favourable comments on interest rate cuts by a European Central Bank official.

Read more
12 Feb 2024 09:41

LONDON BROKER RATINGS: Deutsche Bank starts Deliveroo at 'buy'

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

Read more
12 Feb 2024 09:12

Barclays sees "compelling" entry point at AstraZeneca after recent falls

(Sharecast News) - Barclays has kept an 'overweight' position on AstraZeneca despite the biopharma group's disappointing annual results last week, saying that the stock's recent underperformance provides an attractive entry point for investors.

Read more
9 Feb 2024 09:15

LONDON BROKER RATINGS: Deutsche Bank cuts AstraZeneca to 'sell'

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

Read more
9 Feb 2024 07:51

LONDON BRIEFING: Barclays buys Tesco's retail banking business

(Alliance News) - Stocks in London are called to open higher on Friday, closing off a busy corporate week.

Read more
8 Feb 2024 17:00

LONDON MARKET CLOSE: Softer earnings weigh on underperforming FTSE 100

(Alliance News) - London's FTSE 100 ended lower on Thursday, with mixed corporate updates keeping a lid on enthusiasm, while in New York the S&P 500 has the 5,000 point mark in touching distance.

Read more
8 Feb 2024 14:42

London close: Stocks slip as US jobless claims fall

(Sharecast News) - London markets experienced a downturn in trading on Thursday, with stocks relinquishing earlier gains as investors processed a decrease in jobless claims in the United States.

Read more
8 Feb 2024 12:08

LONDON MARKET MIDDAY: DS Smith surges on takeover approach from Mondi

(Alliance News) - Stock prices in London were mixed at midday Thursday, as markets struggled to find direction amid a mixed wave of corporate updates and earnings.

Read more
8 Feb 2024 08:59

LONDON MARKET OPEN: Unilever up on buyback; BAT ups dividend

(Alliance News) - THE FTSE 100 in London opened slightly higher on Thursday, with earnings from British American Tobacco and Unilever boosting the index.

Read more
8 Feb 2024 08:44

TOP NEWS: AstraZeneca confident after 2023 profit more than doubles

(Alliance News) - AstraZeneca PLC on Thursday said it expects another year of strong growth after reporting pretax profit in 2023 more than doubled.

Read more
8 Feb 2024 07:58

AstraZeneca shares slip as Q4 profits miss forecasts

(Sharecast News) - Biopharma titan AstraZeneca delivered a 6% increase in sales in 2023 despite a $3.7bn decline in Covid-19 medicines revenues, as it guided to a strong pick-up in growth this year - though profits came in slightly under analysts' forecasts.

Read more
8 Feb 2024 07:50

LONDON BRIEFING: Unilever sets new buyback; Astra profit surges

(Alliance News) - Stocks in London are called to open slightly higher on Thursday, as investors eye a busy day of earnings.

Read more
2 Feb 2024 08:38

AstraZeneca celebrates latest successful trial of acoramidis in Japan

(Alliance News) - AstraZeneca PLC on Friday said positive results from a Phase 3 trial of acoramidis are consistent with global findings, bring the drug closer to regulatory submission in Japan.

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.