Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. 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: 12,234.00
Bid: 12,234.00
Ask: 12,238.00
Change: 138.00 (1.14%)
Spread: 4.00 (0.033%)
Open: 12,150.00
High: 12,286.00
Low: 12,134.00
Prev. Close: 12,096.00
AZN Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

WRAPUP 1-AstraZeneca cuts EU vaccine supply again; health bodies dismiss safety fears

Fri, 12th Mar 2021 13:03

* AstraZeneca again scales back deliveries to EU

* Brussels demands more effort from firm

* Germany talks to US about missing shipments

* Thailand follows European countries in suspending AZ shot

* WHO and EU regulator say safety fears are unfounded

By Francesco Guarascio

BRUSSELS, March 12 (Reuters) - AstraZeneca has again angered
the EU by scaling back deliveries of COVID-19 vaccines, but got
a boost on Friday when the World Health Organisation dismissed
fears that have prompted countries in Europe and Asia to suspend
use of the shot.

The European Union has been much slower to start mass
vaccination than neighbouring Britain because of a slower
approval and purchasing process and repeated supply hold-ups.

EU regulators have dismissed scattered reports of blood
clots in people who had received the AstraZeneca vaccine, but on
Friday Thailand joined a handful of European countries in
suspending use of the shot - the first and cheapest to be
developed and launched at volume around the world.

An AstraZeneca document dated March 10, seen by Reuters and
shared with EU officials, shows that the Anglo-Swedish drug
maker expects to have delivered 30 million doses to the EU by
the end of March - 10 million less than it pledged only last
month, and only a third of its contractual obligation.

A company spokesman declined to comment, but a person
familiar with the situation said there had been difficulties
with international supply chains.

Industry executives have warned of manufacturing problems as
countries try to protect their own supplies of vaccines,
ingredients and the equipment to make, bottle and transport
them.

Washington has told Brussels that it will not allow
AstraZeneca shots made in the United States to be exported in
the near future, Reuters reported on Thursday.

And last week Italy and Brussels blocked a shipment of
AstraZeneca vaccines from Italy to Australia, in the first
application of a mechanism that allows the EU to refuse export
requests from vaccine makers that break EU supply contracts.

The company has acknowledged production problems in the EU,
but also said it expected to ship some output to the EU from the
United States.

Its contract pledges "best reasonable efforts" to meet a
target of 300 million doses for the EU by the end of June.

"NOT GOOD ENOUGH"

Brussels is increasingly frustrated.

"I see efforts, but not 'best efforts'. That's not good
enough yet," EU industry commissioner Thierry Breton tweeted on
Thursday.

Germany said it was talking to Washington about missing
shipments of COVID-19 vaccines from the United States, noting
that more than 30 countries including the United States were
receiving vaccines made in the EU.

The EU programme has also been upset in the last two weeks
by the reports of blood clots.

On Thursday, Denmark and non-EU members Norway and Iceland
suspended their use of the vaccine. Austria and Italy have
stopped using specific batches.

But on Friday the WHO said the vaccine was "excellent" and
that no causal link had been established to the blood clots.

"It's very important to understand that, yes, we should
continue to be using the AstraZeneca vaccine," spokeswoman
Margaret Harris told a briefing. "All that we look at is what we
always look at: Any safety signal must be investigated."

AstraZeneca said on Thursday it had found no evidence of
increased risk of deep vein thrombosis in more than 10 million
recipient records.

And the EU regulator, the European Medicines Agency (EMA),
said on Wednesday that the number of clots reported in people
who had received the AstraZeneca vaccine was no higher than in
the general population.

Bulgaria said it would suspend use of the vaccine until it
saw written guidance from the EMA, but German Health Minister
Jens Spahn told reporters on Friday that his country was
following the EMA guidance.

"Everything we know so far suggests that the benefits of the
vaccine, even after every individual case reported, are greater
than the risks, and that continues to be the case," he said.

Germany, the most populous country in the EU, is due to
receive about 6 million doses from AstraZeneca by the end of
April, the document seen by Reuters shows, with France getting
4.7 million and Italy 4.4 million.

"We are still in a phase of absolute scarcity," Spahn said.

(Reporting by Francesco Guarascio @fraguarascio in Brussels,
Thomas Escritt in Berlin and Tsvetelia Tsolova in Sofia; Writing
by Kevin Liffey;
Editing by Gareth Jones)

More News
26 Apr 2024 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.