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 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
8 Mar 2024 06:00

Astra, Sanofi's antibody 90% effective against RSV in infants - CDC

(Alliance News) - A new treatment for infant respiratory syncytial virus, RSV, – a leading cause of severe illness in US babies – is 90% effective in preventing hospitalization, health authorities said Thursday.

Read more
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

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.