Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone 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: 12,556.00
Bid: 12,548.00
Ask: 12,550.00
Change: 6.00 (0.05%)
Spread: 2.00 (0.016%)
Open: 12,570.00
High: 12,704.00
Low: 12,472.00
Prev. Close: 12,550.00
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 1-Poor AstraZeneca messaging distracts from sound data on COVID-19 vaccine, scientists say

Thu, 25th Mar 2021 22:30

(Adds AstraZeneca comment)

By Kate Kelland and Julie Steenhuysen

LONDON/CHICAGO, March 25 (Reuters) - Scientists who have
watched with dismay a series of disputes over AstraZeneca's
COVID-19 vaccine say strong efficacy data from a large
U.S. trial should lay concerns to rest, but worry the skirmishes
may leave a lasting mark on public trust.

Spats with governments across Europe about production,
supplies, possible side effects and the vaccine's merits have
dogged the Anglo-Swedish drugmaker for months. And a highly
unusual public rebuke from U.S. scientists monitoring the
government-funded trial this week added to its woes.

While the disputes have raised questions about AstraZeneca's
messaging and communications, what is crucial, scientists say,
is that the product at the heart of all this appears sound.

On Thursday, the company said the vaccine was 76% effective
in an updated analysis of its U.S. trial after providing a
slightly higher efficacy figure that was criticized for not
being based on the most up-to-date data.

"One has to distinguish between the strong, positive, data
from the U.S. trial on the one hand, and the amazing ability of
AstraZeneca's press-release messaging to continually rescue
defeat from the jaws of victory," said Danny Altmann, a
professor of immunology at Imperial College London.

Among researchers working to develop vaccines, treatments
and other weapons against COVID-19, the frustration is evident.

Altmann told Reuters he is "impatient to get politics out of
vaccinology and get us safe."

A U.S. trial investigator involved in evaluating
AstraZeneca's shot, who was not authorized to speak publicly,
called the avoidable controversy "upsetting, because a lot of
people worked really hard and the vaccine is really important.
I do think it's a good and effective vaccine."

AstraZeneca defended its handling of U.S. trial data this
week, saying in a statement it was "in the public interest" for
the company to disclose the interim results that shed more light
on the vaccine's ability to protect older adults and its safety.

COMMUNICATION BREAKDOWN

AstraZeneca's COVID-19 shot has faced questions since late
last year, when the drugmaker and Oxford University published
data from its first large-scale trial with two different
efficacy readings as a result of a dosing error.

Uncertainty over how the dosing error came about raised
questions about the robustness of the data, and differing
accounts from AstraZeneca and Oxford added to concerns

Trust in the vaccine - and its developers - took a further
hit this month, when more than a dozen countries temporarily
suspended its use after reports of a rare blood clotting
disorder in a very small number of people shortly after they
were inoculated.

Ian Jones, a professor of virology at Britain's Reading
University, said it is "generally accepted that the early trial
data, while positive, did suffer from a communication issue."

The focus now, he agreed, should be results from the latest
trial and from real-world use "which shows an excellent safety
profile and the prevention of severe disease."

AstraZeneca's coronavirus vaccine has so far been most
widely used in Britain, where its rollout January, along with
the Pfizer/BioNTEch shot, is helping reduce
severe COVID-19 cases and deaths.

U.S. scientists were taken aback on Tuesday by a midnight
news release issued from the National Institutes of Health (NIH)
raising doubts about the company's announcement a day earlier
that the vaccine was 79% effective at preventing COVID-19 in the
U.S trial.

That was prompted by a letter from an independent data and
safety monitoring board to the NIH saying the company had
excluded more current data, which top U.S. infectious disease
expert Dr. Anthony Fauci called "a really unfortunate unforced
error."

That assessment seemed to be backed up by the updated
results released by AstraZeneca on Thursday that were only
marginally different.

"To have them write to the trial sponsor, which is the NIH,
to say that they see a problem - no one I know has ever heard of
this," said John Moore, a professor of microbiology and
immunology at Weill Cornell Medical College in New York. "It's
damaged the company's reputation in Washington, D.C. circles.
It's tarnished."

Asked whether the NIH was satisfied with AstraZeneca's
latest news release, a spokesperson said via email, "NIH looks
forward to the review by the U.S. Food and Drug Administration."

FDA staff scientists routinely make public their own review
of a drug's raw data after it is submitted to the agency for
approval.

Some U.S. scientists plan to wait for the FDA analysis,
rather than judge the vaccine's merits based another press
release, "just to avoid any further roller coaster rides," said
Dr. Nahid Bhadelia, an infectious disease expert at Boston
Medical Center.
(Reporting by Kate Kelland in London and Julie Steenhuysen in
Chicago; Editing by Bill Berkrot)

More News
28 Jul 2023 17:31

European shares slip overall but German blue-chips hit record high

STOXX 600 dips 0.2% but posts weekly gains

*

Read more
28 Jul 2023 12:10

AstraZeneca Q2 results beat estimates; COVID vaccine sales dry up

Q2 sales and earnings beat estimates

*

Read more
28 Jul 2023 09:13

AstraZeneca's rare disease arm in $1 bln deal for Pfizer gene therapies

July 28 (Reuters) - AstraZeneca said on Friday its Alexion unit had agreed to buy U.S. drugmaker Pfizer's early-stage rare disease gene therapy portfolio for up to $1 billion, plus royalties on sales, as the British drugmaker bets on new genetic therapies.

Read more
28 Jul 2023 08:52

LONDON MARKET OPEN: StanChart, AstraZeneca lift FTSE 100 into green

(Alliance News) - Stock prices in London opened higher on Friday, boosted by a mostly strong set of company earnings, while investors weighed recent central bank decisions.

Read more
28 Jul 2023 08:51

TOP NEWS: AstraZeneca profit surges as Alexion agrees Pfizer deal

(Alliance News) - AstraZeneca PLC on Friday reported half-year profit more than quintupling amid much lower costs, as its rare disease focused unit Alexion signed an agreement with Pfizer.

Read more
28 Jul 2023 07:54

LONDON BRIEFING: NatWest posts interim growth; IAG swings to profit

(Alliance News) - Stocks in London are called slightly lower on Friday, with investors having plenty to consider amid the week's swathe of corporate earnings and central bank decisions.

Read more
28 Jul 2023 07:04

AstraZeneca posts strong first half despite Covid drug weakness

(Sharecast News) - Pharmaceuticals giant AstraZeneca reported strong first-half growth on Friday, despite challenges related to the decline of Covid-19 medicines.

Read more
27 Jul 2023 21:08

IN BRIEF: Astra drug approved while another shows promise

AstraZeneca PLC - Cambridge-based pharmaceutical firm - Says Soliris approved in EU for treatment of refractory generalised myasthenia gravis in those aged between six and 17. "This is the first and only targeted therapy approved for the treatment of paediatric patients with the disease in the EU," AstraZeneca says. Myasthenia gravis is a disease that causes muscle weakness. Separately, Astra says Enhertu shows meaningful progression-free survival and overall survival in some cancer sufferers. The measures are two secondary endpoints of a phase II trial. Enhertu is being jointly-developed by Astra and Daiichi Sankyo Co Ltd.

Read more
27 Jul 2023 18:07

Bristol Myers sales fall, cuts 2023 forecast as drugs face competition

Q2 revenue at $11.23 bln, misses analysts' estimate

*

Read more
25 Jul 2023 12:07

IN BRIEF: OTAQ names interim finance chief with incumbent to move on

OTAQ PLC - Lancaster, England-based marine technology company, focused on offshore oil and gas industries and aquaculture - Chief Financial Officer Matt Enright resigns effective July 31, to assume a new role outside OTAQ. He was hired as CFO in April 2020. OTAQ appoints Justine Dowds, previously managing director at GB3 Ltd until May, as interim CFO. Dowds was also finance director at Pool Aviation Ltd from 2007 to 2015, and prior to that was financial controller at United Utilities Group PLC and an accountant at AstraZeneca PLC. Enright says: "I believe the company is now well placed to benefit from the investments in resource and products made over the past three years, placing OTAQ on a sound growth path."

Read more
20 Jul 2023 14:35

Activist investor Elliott takes stake in drug manufacturer Catalent - source

LONDON, July 20 (Reuters) - Activist investor Elliott Investment has taken a stake in contract drugmaker Catalent , a source familiar with the matter told Reuters on Thursday.

Read more
18 Jul 2023 08:10

AstraZeneca, Sanofi infant respiratory treatment gets US approval

(Sharecast News) - AstraZeneca and Sanofi's Beyfortus drug has been approved in the US for the prevention of respiratory syncytial virus (RSV) lower respiratory tract disease (LRTD) in newborns and infants, the two companies said on Tuesday.

Read more
18 Jul 2023 07:48

LONDON BRIEFING: Ocado backs annual guidance as interim loss widens

(Alliance News) - Stocks in London are set to tread water on Tuesday, as investors look ahead to US corporate earnings and economic data.

Read more
18 Jul 2023 06:04

Rishi Sunak to meet bosses at inaugural Business Council gathering

(Alliance News) - Bosses from AstraZeneca PLC, Alphabet Inc's Google, Shell PLC and other major companies will gather in Downing Street on Tuesday for the first meeting of Rishi Sunak's Business Council.

Read more
17 Jul 2023 22:30

British prime minister seeks to win back corporate confidence with new business council

LONDON, July 17 (Reuters) - British Prime Minister Rishi Sunak will hold the first meeting of his new business council on Tuesday, in a bid to support his pledge to grow the economy and fend off attempts by the opposition Labour Party to win over the business community.

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.