leadf
logo-loader
viewAstraZeneca

Coronavirus: Row between AstraZeneca and EU continues as Germany advises against use on over 65s for lack of efficacy data

Meanwhile, French firm Valneva has begun large-scale vaccine manufacturing in Scotland

AstraZeneca - Coronavirus: Row between AstraZeneca and EU continues amid supplies demand, plant inspections

The row between AstraZeneca PLC (LON:AZN) and the EU over COVID-19 vaccines has continued through to Thursday, when Germany's Robert Koch Institute, the country's main public agency, released its recommendation on the jab.

Researchers said it should only be used in people aged 18 to 64 because there isn't enough data to prove its efficacy on over 65s.

They also said the inoculations produced by Pfizer/BioNTech and Moderna are “equivalent in terms of safety and efficacy”, the FT reported.

The drugmaker was meant to provide 80mln doses of the jab in the first quarter of 2021 but informed the bloc on Friday that there would be significant shortfalls on the schedule and it would be able to deliver around half of the agreed quantities.

The two parties met on Wednesday night, following some confusion over a potential cancellation of the meeting, where an EU official suggested the FTSE 100 group delivered some supplies that were assigned for the UK to make up for the shortfall.

"We reject the logic of 'first come, first served' - that may work at the neighbourhood butchers but not in contracts," Brussels's health commissioner Stella Kyriakides was reported as saying by Sky News.

"There is no hierarchy of the factories. You are aware in the contracts there are four factories listed but it does not differentiate between the UK and Europe.”

"The UK factories are part of our advance purchase agreements and that is why they have to deliver."

On Thursday, Cabinet Office minister Michael Gove said there will be no interruption to UK vaccine supplies.

“The critical thing is we must make sure that the schedule that has been agreed and on which our vaccination programme has been based and planned goes ahead,” he told the BBC.

"It is the case that the supplies that have been planned, paid for and scheduled should continue, absolutely. There will be no interruption to that."

Meanwhile, Belgium has launched an investigation into the pharma company’s plant near Brussels to understand whether EU-produced batches have been diverted to the UK.

Chief executive Pascal Soriot said earlier this week the delays are because the bloc signed up supply contracts three months after the UK, therefore Britain had more time to sort out teething problems.

The jab, developed by Oxford University, has still not been approved in Europe.

Shares in AstraZeneca were trading 2% lower at 7,614p on Thursday afternoon.

Valneva starts mass production in Scotland

French firm Valneva has begun large-scale vaccine manufacturing at its Livingston site in Scotland.

It will pump out up to 60mln jabs before the end of the year if the vaccine, now at the first stage of clinical trials, is approved.

London has already secured 60mln doses with options acquire a further 130mln after the authorities’ green light.

--Adds statement by Robert Koch Institute, shares--

Quick facts: AstraZeneca

Price: 6980 GBX

LSE:AZN
Market: LSE
Market Cap: £91.63 billion
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Red Rock Resources advancing towards a Canadian IPO with its Power Metal...

Red Rock Resources PLC (LON:RRR) Chairman Andrew Bell tells Proactive the group has begun the Canadian listing process for its joint venture with Power Metal Resources (LON:POW), Red Rock Australasia Pty Ltd.   Bell says the group is looking to list on the Toronto Stock Exchange...

11 hours, 43 minutes ago

3 min read