NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

WRAPUP 1-India sees early vaccine launch as AstraZeneca deliveries run late

Published 05/11/2020, 10:59 pm
Updated 05/11/2020, 11:00 pm
© Reuters.
CSL
-
AZN
-
PFE
-
NVAX
-
MRNA
-
BNTX
-

By Krishna N. Das

NEW DELHI, Nov 5 (Reuters) - India raced ahead with work on its coronavirus vaccine while Britain's AstraZeneca AZN.L said its deliveries were running "a little bit late" as countries around the world sought to conquer the pandemic and rescue their economies.

A vaccine is seen as the world's best bet for taming a virus that has infected more than 48 million people, led to more than 1.2 million deaths, roiled economies and disrupted billions of lives since it was first identified in China in December.

Australia is beefing up its prospective arsenal against the pandemic to 135 million doses of various vaccine candidates.

"We aren't putting all our eggs in one basket," Prime Minister Scott Morrison said on Thursday.

Some 45 vaccine candidates are in human trials worldwide, with Pfizer Inc (NYSE:PFE) PFE.N saying it could file in late November for U.S. authorisation, opening up the possibility of a vaccine being available in the United States by the end of the year.

Moderna MRNA.O and AstraZeneca AZN.L are close behind the largest U.S. drugmaker and are likely to have early data on their vaccine candidates before the end of the year. Indian government-backed vaccine could be launched as early as February - months earlier than expected - as last-stage trials begin this month and studies have so far showed it is safe and effective, a senior government scientist told Reuters. Biotech, a private company that is developing COVAXIN with the government-run Indian Council of Medical Research (ICMR), had earlier hoped to launch it only in the second quarter of next year. vaccine has shown good efficacy," senior ICMR scientist Rajni Kant, who is also a member of its COVID-19 task force, said at the research body's New Delhi headquarters.

"It is expected that by the beginning of next year, February or March, something would be available."

Bharat Biotech could not immediately be contacted.

A launch in February would make COVAXIN the first India-made vaccine to be rolled out.

VACCINE KEPT FROZEN

AstraZeneca has signed multiple deals to supply more than three billion doses of its candidate to countries around the world.

But a summer dip in British coronavirus infections had pushed back test results, leading the drugmaker to delay deliveries of shots to the government. L4N2HR1VS

Britain's vaccines chief said on Wednesday it would receive just 4 million doses of the potential vaccine this year, against initial estimates for 30 million by Sept. 30. AZN.L said on Thursday it was holding back deliveries while it awaits the data from late-stage clinical trials in order to maximise the shelf-life of supplies.

"We are a little bit late in deliveries, which is why the vaccine has been kept in frozen form," CEO Pascal Soriot said on a conference call.

AstraZeneca and its partner on the project, the University of Oxford, said that data from late-stage trials should land this year.

The United States leads the world in both the number of COVID deaths and infections and the pandemic was a polarising issue in Tuesday's presidential election in which votes were still being counted.

Australia's Morrison said the government would buy 40 million vaccine doses from Novavax NVAX.O and 10 million from Pfizer and BioNTech 22UAy.F .

That adds to the 85 million doses Australia has already committed to buy from AstraZeneca and CSL Ltd CSL.AX should trials prove successful.

Among other vaccine candidates around the world, a growing number of Russians are unwilling to be inoculated once a vaccine becomes widely available, the Levada Centre, Russia's only major independent pollster, said this week. raising eyebrows in the West, is rolling out its "Sputnik V" vaccine for domestic use despite the fact that late-stage trials have not yet finished.

<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ FACTBOX- The race for a coronavirus vaccine

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.