PYX Resources: Achieving volume and diversification milestones. Watch the video 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: 12,110.00
Bid: 12,086.00
Ask: 12,088.00
Change: -56.00 (-0.46%)
Spread: 2.00 (0.017%)
Open: 12,186.00
High: 12,198.00
Low: 12,068.00
Prev. Close: 12,166.00
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 7-AstraZeneca says COVID-19 "vaccine for the world" can be 90% effective

Mon, 23rd Nov 2020 07:17

(Adds more details)

By Kate Holton, Josephine Mason and Kate Kelland

LONDON, Nov 23 (Reuters) - AstraZeneca said on
Monday its COVID-19 vaccine could be around 90% effective,
giving the world another weapon to fight the global pandemic and
potentially cheaper to make, easier to distribute and faster to
scale-up than rivals.

The British drugmaker said it will have as many as 200
million doses by the end of 2020 - around four times as many as
U.S. competitor Pfizer. Seven hundred million doses
could be ready globally as soon as the end of the first quarter
of 2021.

The vaccine was 90% effective in preventing COVID-19 when it
was administered as a half dose followed by a full dose at least
a month later, according to data from late-stage trials in
Britain and Brazil. No serious safety events were confirmed, the
company said.

"This means we have a vaccine for the world," said Andrew
Pollard, director of the Oxford University vaccine group that
developed the drug.

The vaccine's cost works out at just a few dollars a shot, a
fraction of the price of drugs from Pfizer and Moderna,
which use a more unconventional technology.

And it can be transported and stored at normal fridge
temperatures, which proponents say would make it easier to
distribute, especially in poor countries, than Pfizer's, which
needs to be shipped and stored at -70C, the sort of temperature
typical of an Antarctic winter.

The effectiveness of AstraZeneca's vaccine depended on the
dosing, and fell to just 62% when given as two full doses rather
than a half-dose first. But scientists cautioned against seeing
this as evidence that it would be less useful than rivals.
Vaccines from Pfizer and Moderna each prevented about 95% of
cases according to interim data from their late-stage trials.

"I think it is a real fool's errand to start trying to pick
these three (Pfizer/Moderna/Astra) apart on the basis of
snippets of phase 3 data from press releases," said Danny
Altmann, professor of immunology at Imperial College London.

"For the bigger picture, my suspicion is that by the time we
are a year down the line, we'll be using all three vaccines with
about 90% protection - and we'll be a lot happier."

Pascal Soriot, Astra's chief executive, said the data
showing that an initial half dose was more effective than two
full doses was good news, as more people could be vaccinated
faster with a limited supply.

'INCREDIBLY EXCITING'

AstraZeneca's preliminary trial comes as a new wave of
infections has hurt economies, particularly in Europe and the
United States. Nearly 1.4 million people have died in the global
COVID-19 pandemic.

Britain is among countries that pre-bought large quantities
of the AstraZeneca vaccine, and officials there said its success
means normal life can return sooner. Prime Minister Boris
Johnson described the results as "incredibly exciting".

Shares and oil prices rose as investors bet the rollout of
another vaccine would revive the global economy next year.

The STOXX index of Europe's 600 largest shares rose
0.5% to its highest since February. Nevertheless, AstraZeneca's
own shares fell 1.5% as traders perceived the efficacy data as
disappointing compared with rivals.

Public health experts say the world will need many vaccines
to meet global demand.

The AstraZeneca vaccine uses a modified version of a
chimpanzee common cold virus to deliver instructions to cells to
fight the target virus, a traditional approach to vaccine
development and different from the path taken by Pfizer and
Moderna, which rely on new technology known as messenger RNA
(mRNA).

AstraZeneca, one of Britain's most valuable listed
companies, will now immediately prepare regulatory submission of
the data to authorities around the world that have a framework
in place for conditional or early approval.

It will also seek an emergency use listing from the World
Health Organization to speed up availability in low-income
countries. In parallel, the full analysis of the interim results
is being submitted for publication in a peer-reviewed journal.

(Additional reporting by Aakash Jagadeesh Babu and Alistair
Smout; Writing by Peter Graff:
Editing by Guy Faulconbridge, Christopher Cushing and Carmel
Crimmins)

More News
5 Dec 2023 10:02

LONDON BROKER RATINGS: Goldman lifts Landsec and British Land

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

Read more
1 Dec 2023 08:52

LONDON MARKET OPEN: Miners give FTSE 100 boost thanks to China PMI

(Alliance News) - Stock prices in London opened higher on Friday, with the FTSE 100 boosted by mining stocks.

Read more
1 Dec 2023 08:33

AstraZeneca discontinues two phase III evidence trials for Lokelma

(Alliance News) - AstraZeneca on Friday said it has decided to discontinue the Stabilize-CKD and Dialize-outcomes phase III trials for Lokelma, citing increased enrolment timelines.

Read more
1 Dec 2023 08:01

AstraZeneca calls off two phase III trials into hyperkalaemia treatment

(Sharecast News) - Drugmaker AstraZeneca has called off two phase III trials on its hyperkalaemia treatment after a series of logistical challenges.

Read more
1 Dec 2023 07:41

LONDON BRIEFING: Stocks called higher; UK house prices fall annually

(Alliance News) - Stocks in London are called to open higher on Friday, following data from Nationwide showing that the annual pace of UK house price decline slowed in November.

Read more
27 Nov 2023 16:12

London close: Stocks start week in subdued state

(Sharecast News) - London's financial markets saw a somewhat subdued performance on Monday, as concerns regarding the Chinese economy cast a shadow over investor sentiment.

Read more
27 Nov 2023 09:20

LONDON BROKER RATINGS: Peel, Numis up Rightmove; Goldman cuts Entain

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

Read more
23 Nov 2023 18:41

IN BRIEF: AstraZeneca Chair Demare buys shares for over GBP200,000

AstraZeneca PLC - Cambridge-based pharmaceutical company - Chair Michel Demare buys 2,000 shares in total on Wednesday and Tuesday. Buys 1,000 shares for GBP101.05 each on Tuesday and 1,000 shares for GBP101.70 each on Thursday, for a total of GBP202,752.

Read more
20 Nov 2023 10:49

AstraZeneca launches new life sciences tech innovation firm Evinova

(Alliance News) - AstraZeneca PLC on Monday launched Evinova, a new health technology business focused on accelerating innovation across the life sciences sector, delivery of clinical trials and better health outcomes.

Read more
17 Nov 2023 15:20

London close: Stocks higher despite weaker retail sales data

(Sharecast News) - London's stock markets finished in a positive state on Friday despite weaker-than-expected UK retail sales figures.

Read more
17 Nov 2023 12:00

LONDON MARKET MIDDAY: Stocks shrug off downbeat UK retail sales

(Alliance News) - Stock prices in London were up at midday on Friday, as a week of favourable data as far as inflation goes gave investors a reason to overlook disappointing UK retail sales figures.

Read more
17 Nov 2023 09:03

LONDON MARKET OPEN: Stocks up despite UK retail sales growth miss

(Alliance News) - Stock prices in London opened higher on Friday, despite weaker-than-expected October retail sales figures for the UK.

Read more
17 Nov 2023 08:31

TOP NEWS: US approves AstraZeneca's Truqap for form of breast cancer

(Alliance News) - AstraZeneca PLC on Friday said that the US Food & Drug Administration approved its drug Truqap in combination with Faslodex to treat patients with an advanced form of breast cancer.

Read more
17 Nov 2023 07:58

LONDON BRIEFING: UK retail sales fall; AstraZeneca gets US approval

(Alliance News) - Stock prices in London are still set to open higher on Friday, despite October retail sales figures for the UK disappointing shortly before the opening bell.

Read more
17 Nov 2023 07:16

AstraZeneca gets US approval for breast cancer treatment

(Sharecast News) - AstraZeneca's 'Truqap', or capivasertib, in combination with 'Faslodex', or fulvestrant, has secured approval from the US Food and Drug Administration (FDA) for specific breast cancer treatments, the company announced 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.