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

ASTRAZENECA PLC

(AZN)
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India pins hopes on locally-tested COVID-19 vaccines given Pfizer constraints

11/17/2020 | 08:56am EST
Checks ahead of Hindu festival of Diwali amidst COVID-19 in Ahmedabad

NEW DELHI (Reuters) - India hopes five locally-tested vaccines will help it to control COVID-19, as those developed by Pfizer and Moderna may not be available to it in big quantities soon.

The five candidates include Russia's Sputnik-V whose "Phase-II going to Phase-III" trials in India will start next week in collaboration with Dr Reddy's Laboratories, Vinod Paul, the head of a committee advising the prime minister, said.

The other experimental vaccines are the one being developed by AstraZeneca and Oxford University which is being manufactured by the Serum Institute of India; Bharat Biotech and the Indian government's COVAXIN; Zydus Cadila's ZyCoV-D and lastly one being developed by Biological E. Ltd alongside Baylor College of Medicine and Dynavax Technologies Corp.

Paul told a news briefing that AstraZeneca vaccine's last-stage trials in India had gone well and had almost been completed. The country of 1.35 billion people has reported 8.87 million infections, second only to the United States, and 130,519 deaths as a result of COVID-19.

"We are very hopeful that we will be successful with the five vaccines," Paul said on Tuesday. "They are easy platforms, availability of doses is very high. They will be able to control our pandemic in terms of the numbers of doses required."

Paul said the government was also watching the progress of the Pfizer and Moderna vaccines, both of which have said interim results of last-stage trials of their candidates showed that they were more than 90% effective.

Unlike Pfizer's vaccine which must be kept at minus 70 degrees Celsius or below, Moderna's can be stored at normal fridge temperatures, making it more suited for poorer countries such as India where cold chains are limited.

"This obviously will be a very big hindrance to scale up the vaccine," Paul said of Pfizer's, adding that if India finds itself needing to do so it will pursue this option.

"If we are required to form our strategy on this particular vaccine, then we will proceed with it. Though, even if we get it, we will get it in a few months only. But talks are ongoing."

(Reporting by Krishna N. Das; Editing by Alexander Smith)

By Krishna N. Das


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ASTRAZENECA PLC 0.44% 7592 Delayed Quote.3.21%
DR. REDDY'S LABORATORIES LIMITED -1.93% 5207.6 End-of-day quote.0.07%
DYNAVAX TECHNOLOGIES CORPORATION -0.19% 5.13 Delayed Quote.15.51%
MODERNA, INC. -0.05% 129.65 Delayed Quote.24.17%
PFIZER INC. -0.14% 36.7 Delayed Quote.-0.16%
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Financials (USD)
Sales 2020 26 400 M - -
Net income 2020 2 992 M - -
Net Debt 2020 13 217 M - -
P/E ratio 2020 43,1x
Yield 2020 2,72%
Capitalization 136 B 135 B -
EV / Sales 2020 5,67x
EV / Sales 2021 4,92x
Nbr of Employees 70 600
Free-Float 95,7%
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Mean consensus BUY
Number of Analysts 25
Average target price 126,21 $
Last Close Price 103,42 $
Spread / Highest target 50,9%
Spread / Average Target 22,0%
Spread / Lowest Target -18,7%
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Managers and Directors
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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