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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  AstraZeneca PLC    AZN   GB0009895292

ASTRAZENECA PLC

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AstraZeneca : Serum Institute gets approval to resume India trial of AstraZeneca COVID vaccine

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09/16/2020 | 06:36am EDT
FILE PHOTO: A test tube labelled with the Vaccine is seen in front of Covid-19 and stock graph logo in this illustration taken

Serum Institute of India has received Indian regulatory approval to resume local clinical trials of AstraZeneca's potential COVID-19 vaccine, a source familiar with the matter said on Wednesday.

The approval came from the Drugs Controller General of India (DCGI), according to the source.

AstraZeneca has resumed British clinical trials of the vaccine, one of the most advanced in development for COVID-19, after they were paused earlier this month following a serious side effect in a trial participant.

Trials have also resumed in Brazil and South Africa, but remain on hold in the United States.

Indian regulators had allowed Serum's trials of the AstraZeneca vaccine to resume under certain conditions, including increased safety monitoring and informing volunteers about new findings, a DCGI source said.

"We allowed them (to resume trials) after a detailed discussion with authorities in the UK and the company itself," the source added.

Serum, the world's biggest vaccine manufacturer, did not respond to Reuters requests for comment, while DCGI representatives did not respond to emails seeking comment.

(Reporting by Euan Rocha in Mumbai, Neha Dasgupta in New Delhi and Sachin Ravikumar in Bengaluru; Editing by Anil D'Silva and Shounak Dasgupta)

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Financials (USD)
Sales 2020 26 694 M - -
Net income 2020 3 079 M - -
Net Debt 2020 13 082 M - -
P/E ratio 2020 50,6x
Yield 2020 2,58%
Capitalization 143 B 143 B -
EV / Sales 2020 5,86x
EV / Sales 2021 5,14x
Nbr of Employees 70 600
Free-Float 95,7%
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 117,86 $
Last Close Price 109,30 $
Spread / Highest target 42,2%
Spread / Average Target 7,83%
Spread / Lowest Target -39,6%
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Managers
NameTitle
Pascal Soriot Chief Executive Officer & Executive Director
Leif Valdemar Johansson Non-Executive Chairman
Pam P. Cheng Executive VP-Operations & Information Technology
Marc Pierre Jean Dunoyer Chief Financial Officer & Executive Director
Menelas N. Pangalos EVP-Biopharmaceuticals Research & Development
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