Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

TOP NEWS: AstraZeneca Files For EU Approval For Covid-19 Vaccine

Tue, 12th Jan 2021 09:31

(Alliance News) - AstraZeneca PLC and Oxford University have applied for authorisation for their coronavirus vaccine in the EU with a decision possible by January 29, the European Medicines Agency said on Tuesday.

The jab would be the third available for the 27-nation EU after the Pfizer Inc/BioNTech SE and Moderna drugs, as the bloc struggles to speed up the rollout.

"EMA has received an application for conditional marketing authorisation for a Covid-19 vaccine developed by AstraZeneca and Oxford University," the Amsterdam-based regulator said in a statement.

The EMA said its assessment would "proceed under an accelerated timeline".

"An opinion on the marketing authorisation could be issued by 29 January provided that the data submitted on the quality, safety and efficacy of the vaccine are sufficiently robust and complete," it said.

The EU and the EMA have been under pressure to speed up approval of new vaccines against the virus, which has claimed the lives of more than 620,000 people across the continent. 

European Commission chief Ursula von der Leyen hailed the application by Oxford-AstraZeneca as "good news".

"Once the vaccine receives a positive scientific opinion, we will work full speed to authorise its use in Europe," she said on Twitter.

The Oxford-AstraZeneca jab is cheaper to produce than its rivals, and easier to store and transport than the Pfizer-BioNTech vaccine in particular, which requires ultra-low freezing temperature.

It is based on a weakened version of a common cold virus in chimpanzees which has been genetically changed to stop Covid-19 replicating in humans.

Oxford and AstraZeneca have previously been criticised over a lack of clarity and transparency on trials that had shown varying outcomes in the jab's efficiency.

Initial large-scale trials in which volunteers in the UK and Brazil were given two full doses showed 62% effectiveness. For volunteers who received a half-dose first and then a full dose one month later, however, the vaccine was found to have 90% efficacy.

The EMA said it had already been reviewing data from "four ongoing clinical trials" in Britain, Brazil and South Africa.

"Additional scientific information on issues related to quality, safety and efficacy of the vaccine was also provided by the company at the request of the EMA and is currently being assessed," it added.

source: AFP

Copyright 2021 Alliance News Limited. All Rights Reserved.

Related Shares

More News
29 Apr 2024 22:52

J&J, Bristol Myers lose challenges to US drug price negotiation program

April 29 (Reuters) - A U.S. judge on Monday rejected a challenge by Bristol Myers Squibb and Johnson & Johnson to a law requiring them to negoti...

29 Apr 2024 10:02

LONDON BROKER RATINGS: Deutsche Bank likes Frasers; Barclays cuts JD

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

29 Apr 2024 09:13

AstraZeneca makes progress with Truqap and Enhertu cancer treatments

(Alliance News) - AstraZeneca PLC on Monday said its Truqap drug has been recommended for approval in the EU to treat a form of breast cancer, while a...

29 Apr 2024 07:50

LONDON BRIEFING: Hipgnosis Songs Fund backs new Blackstone bid

(Alliance News) - London's FTSE 100 is called to open higher on Monday, with heady gains for US tech stocks on Friday brightening the mood in Europe a...

29 Apr 2024 07:24

AstraZeneca makes progress with two breast cancer treatments

(Sharecast News) - AstraZeneca issued favourable updates on two of its breast cancer treatments on Monday - 'Truqap', or capivasertib, and 'Enhertu', ...

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.