AstraZeneca shares rise as University of Oxford vaccine poised for UK approval
A new study has indicated that 2mln people a week in the UK would need to be vaccinated to avoid a third wave of the coronavirus outbreak
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LON:AZN
AstraZeneca is one of the world's leading pharmaceutical companies, with a broad range of medicines designed to fight disease. AstraZeneca has over 67,000 empolyees and operates in over 100 countries with growing presence in important emerging markets.
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A new study has indicated that 2mln people a week in the UK would need to be vaccinated to avoid a third wave of the coronavirus outbreak
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At the close, the UK blue-chip index was up 100.54 points, or 1.6% at 6,602.65, albeit well below the session peak of 6,676.60
“I would expect some news pretty shortly, I doubt we will make Christmas now but just after Christmas I would expect.”
Tagrisso will be used to target the early-stage epidermal growth factor receptor-mutated form of the disease
The deal comes six and a half years after the advances of Pfizer were rejected, nixing what would have been the biggest ever takeover of a UK company by a foreign rival
The acquisition is expected to close in the third quarter of 2021 and produce around US$500mln of savings in three years as well as strengthening cash-flow generation
Russian scientists have claimed that as the two are both common-cold based treatments combining them would greatly enhance the Astra vaccine,
Chris Whitty says vaccine will greatly reduce hospital admissions
Germany's Grünenthal will be able to sell Crestor in over 30 countries in Europe, except the UK and Spain
After a fall in the shares they are now on a more “palatable” 13% premium to the sector based on 2024 forecast earnings
The results announced earlier this week have sparked criticism across the scientific community
The pharma giant will look to confirm the 90% efficacy rate the vaccine candidate showed in a questioned portion of initial trials
In the trial that achieved 90% efficacy, there were only 2,300 participants all aged below 55
The pharma giant could reap the long-term benefits from higher reputation – ‘no vax’ movements aside – and the economic ties with governments worldwide
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The FTSE 100 firm dipped after posting lower efficacy than its competitors, but the upside lies in the bigger picture
The jab protected participants from the virus 14 days or more after receiving two doses of the vaccine
Patients will be able to go to hospital to receive treatment once per month rather than every two weeks
Data on the final stage of clinical trials is expected soon
Analysts said the results should come in “days to weeks” after discussing with the pharma giant’s chief financial officer Marc Dunoyer