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: 11,988.00
Bid: 12,016.00
Ask: 12,020.00
Change: -38.00 (-0.32%)
Spread: 4.00 (0.033%)
Open: 12,070.00
High: 12,144.00
Low: 11,882.00
Prev. Close: 12,026.00
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 8-AstraZeneca says COVID-19 'vaccine for the world' can be 90% effective

Mon, 23rd Nov 2020 07:17

(Adds more details throughout)

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's fight against the global pandemic a new
weapon, 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.

"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 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.

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

It can also 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 faster roll-out means both rich and poor countries that
had been drawing up plans to ration vaccines can distribute them
more widely, helping to eventually halt the massive social and
economic disruption of a pandemic that has killed 1.4 million
people.

"The bulk of the vaccine rollout programme will be in
January, February, March. And we hope that sometime after Easter
things will be able to start to get back to normal," said Matt
Hancock, health secretary of Britain which has pre-ordered 100
million doses for its 67 million people.

In poor countries, where the logistics of distributing rival
vaccines posed a bigger challenge, the effect of a cheaper and
easier alternative could be even more pronounced. Zahid Maleque,
health minister of Bangladesh, which is buying in 30 million
doses of the AstraZeneca vaccine made in India, called the
findings "really good news".

"The big advantage of having the vaccine is that it can be
stored, transported and handled at 2-8 degrees Celsius, and we
have that storage facility," he said.

"WE'LL BE A LOT HAPPIER"

The results showed 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.

Scientists cautioned, however, 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.

The researchers did not say what proportion of the 131 cases
of COVID-19 in the study received the smaller initial dose.

"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."

Researchers don't know the exact reason why a smaller first
dose proved more effective.

"There are some examples where changing the way you prime
the immune system, can result in a better response," Pollard
said.

Pascal Soriot, Astra's chief executive, said it was good
news, as more people could be vaccinated faster with a limited
supply.

Shares and oil prices rose amid hopes another vaccine
candidate would revive the global economy with U.S. stock
futures trading higher and the STOXX index of Europe's 600
largest shares gaining 0.5% to its highest since
February.

AstraZeneca's own shares fell 1.8% as traders perceived the
efficacy data as disappointing compared with rivals. Pfizer and
Moderna set the bar for success sky-high. The U.S. Food and Drug
Administration has said any shot would need to prevent disease
or decrease severity in at least 50% of those vaccinated.

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.

The U.S. Food and Drug Administration is likely to approve
in mid-December the distribution of the vaccine made by Pfizer,
according to a top official of the U.S. government's vaccine
development effort.

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

More News
Today 09:33

LONDON BROKER RATINGS: Peel Hunt cuts ConvaTec to 'reduce'

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

Read more
25 Apr 2024 16:57

LONDON MARKET CLOSE: FTSE 100 shakes off red-hot US inflation gauge

(Alliance News) - London's FTSE 100 outperformed on Thursday, enjoying a solid rise on largely well-received corporate earnings and a share price jump for miner Anglo American after it received a takeover bid from peer BHP.

Read more
25 Apr 2024 15:14

London close: Stocks finish mixed as US GDP growth slows

(Sharecast News) - London's stock markets finished with a mixed performance on Thursday, as investors digested a slower-than-expected GDP growth reading from the United States, while a slew of well-received earnings underpinned the top-flight index.

Read more
25 Apr 2024 11:50

LONDON MARKET MIDDAY: FTSE 100 hits high on offer for Anglo American

(Alliance News) - The FTSE 100 was outperforming European markets at midday on Thursday, with the index boosted to a record high thanks to takeover talks.

Read more
25 Apr 2024 10:33

AstraZeneca leaps after smashing first-quarter forecasts

Q1 revenue up 19% to $12.68 bln

*

Read more
25 Apr 2024 09:18

TOP NEWS: AstraZeneca upbeat as cancer drugs underpin sales growth

(Alliance News) - AstraZeneca PLC on Thursday hailed the potential of its drugs pipeline as it delivered impressive growth in sales and profit in the first quarter.

Read more
25 Apr 2024 09:12

LONDON MARKET OPEN: Anglo American jumps on takeover bid from BHP

(Alliance News) - Stock prices in London opened mixed on Thursday, as investors cautiously eye data on the health of the US economy.

Read more
25 Apr 2024 08:38

AstraZeneca blows past analysts' estimates for Q1

(Sharecast News) - AstraZeneca posted better-than-expected revenues and profit for the first quarter of 2024 with both the company and analysts highlighting its drug pipeline.

Read more
25 Apr 2024 07:56

REPEAT: Miner Anglo American reviews takeover bid from rival BHP

(Alliance News) - Stocks in London are called to open slightly higher, after a busy start to the day, with corporate earnings and updates.

Read more
25 Apr 2024 07:52

Sanofi profit slips on generic competition and currency effects

April 25 (Reuters) - Sanofi's first-quarter operating income fell 14.7% as currency effects and cheap competition to its multiple sclerosis drug Aubagio outweighed rising sales of anti-inflammatory drug Dupixent, the French drugmaker said on Thursday.

Read more
25 Apr 2024 07:43

LONDON BRIEFING: Miner Anglo American eyes rival BHP takeover

(Alliance News) - Stocks in London are called to open slightly higher, after a busy start to the day, with corporate earnings and updates.

Read more
25 Apr 2024 06:30

Sanofi Q1 profit slips on generic competition, forex effects

April 25 (Reuters) - Sanofi's said on Thursday first-quarter operating income declined 14.7% as unfavourable currency effects and cheap competition to multiple sclerosis drug Aubagio outweighed rising sales of anti-inflammatory drug Dupixent.

Read more
24 Apr 2024 10:32

Angle shares jump on supplier agreement with with AstraZeneca

(Alliance News) - Angle PLC shares rose on Wednesday, after it signed a contract with AstraZeneca PLC.

Read more
24 Apr 2024 10:10

AIM WINNERS & LOSERS: Filtronic jumps as lifts outlook

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

Read more
18 Apr 2024 14:17

UK earnings, trading statements calendar - next 7 days

Friday 19 April 
888 Holdings PLCTrading Statement
Man Group PLCTrading Statement
Monday 22 April 
Brave Bison Group PLCFull Year Results
Elixirr International PLCFull Year Results
Frenkel Topping Group PLCFull Year Results
Mobico Group PLCFull Year Results
South32 LtdQ3 Results
Ten Lifestyle Group PLCHalf Year Results
Tuesday 23 April 
Alliance Pharma PLCFull Year Results
Alphawave IP Group PLCFull Year Results
Anglo American PLCTrading Statement
ASA International Group PLCFull Year Results
Associated British Foods PLCHalf Year Results
Eleco PLCFull Year Results
GB Group PLCTrading Statement
Jupiter Fund Management PLCTrading Statement
Maintel Holdings PLCFull Year Results
Property Franchise Group PLCFull Year Results
Taylor Wimpey PLCTrading Statement
tinyBuild IncFull Year Results
Trellus Health PLCFull Year Results
Wednesday 24 April 
1Spatial PLCFull Year Results
abrdn PLCTrading Statement
Ecora Resources PLCTrading Statement
Fresnillo PLCTrading Statement
Lloyds Banking Group PLCQ1 Results
Nichols PLCTrading Statement
PensionBee Group PLCFirst Quarter Results
PZ Cussons PLCTrading Statement
Reckitt Benckiser Group PLCTrading Statement
Sanderson Design Group PLCFull Year Results
Serica Energy PLCFull Year Results
Star Energy Group PLCFull Year Results
Tortilla Mexican Grill PLCFull Year Results
Tracsis PLCHalf Year Results
Warpaint London PLCFull Year Results
Thursday 25 April 
Aquila European Renewables PLCFull Year Results
Argo Blockchain PLCFull Year Results
AstraZeneca PLCQ1 Results
Barclays PLCQ1 Results
Checkit PLCFull Year Results
Coca-Cola Europacific Partners PLCTrading Statement
Destiny Pharma PLCFull Year Results
Hikma Pharmaceuticals PLCTrading Statement
Focusrite PLCHalf Year Results
Ibstock PLCTrading Statement
Inchcape PLCTrading Statement
J Sainsbury PLCFull Year Results
London Stock Exchange Group PLCQ1 Results
Persimmon PLCTrading Statement
PPHE Hotel Group LtdTrading Statement
PureTech Health PLCFull Year Results
Relx PLCTrading Statement
Renewi PLCTrading Statement
Schroders PLCQ1 Results
Skillcast Group PLCFull Year Results
Travis Perkins PLCTrading Statement
Trifast PLCTrading Statement
Unilever PLCQ1 Results
WAG Payment Solutions PLCTrading Statement
Weir Group PLCTrading Statement
WH Smith PLCHalf Year Results
WPP PLCTrading Statement
Zinc Media Group PLCFull Year Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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.