• Latest
  • Trending
  • All
  • News
  • Business
  • Lifestyle
AstraZeneca Pauses Coronavirus Vaccine Trial, Rollout Doubts Dent Shares

AstraZeneca Pauses Coronavirus Vaccine Trial, Rollout Doubts Dent Shares

September 9, 2020
Washington’s Wild Week: Scandals, Power Plays, and Political Drama

Washington’s Wild Week: Scandals, Power Plays, and Political Drama

March 6, 2026
Canadian PM’s Iran Stance Draws Criticism as Position Shifts

Canadian PM’s Iran Stance Draws Criticism as Position Shifts

March 6, 2026
TODD DUGAN: The Real Reason Israel Has A Right To Exist

TODD DUGAN: The Real Reason Israel Has A Right To Exist

March 6, 2026
Trump Dismisses Khamenei’s Son as ‘Lightweight’ Amid Succession Rumors

Trump Dismisses Khamenei’s Son as ‘Lightweight’ Amid Succession Rumors

March 6, 2026
RFK Jr. Says Niece Landed WWE Deal Through Close Ties With Linda McMahon

RFK Jr. Says Niece Landed WWE Deal Through Close Ties With Linda McMahon

March 6, 2026
Lewandowski Expected To Exit DHS After Noem’s Sudden Firing Amid Affair Allegations

Lewandowski Expected To Exit DHS After Noem’s Sudden Firing Amid Affair Allegations

March 6, 2026
Corey Feldman ‘Devastated’ After Being Left Out Of Oscars Tribute To Rob Reiner

Corey Feldman ‘Devastated’ After Being Left Out Of Oscars Tribute To Rob Reiner

March 6, 2026
GOP Congressman Steps Aside After Admitting Affair

GOP Congressman Steps Aside After Admitting Affair

March 6, 2026
GOP Congressman Caught Up In Sex Suicide Scandal Drops Out Of Race

GOP Congressman Caught Up In Sex Suicide Scandal Drops Out Of Race

March 5, 2026
Democrat Directly Addresses Angel Families During House Judiciary Meeting

Democrat Directly Addresses Angel Families During House Judiciary Meeting

March 5, 2026
Here’s Who Is Likely To Fill Jasmine Crockett’s Vacated House Seat

Here’s Who Is Likely To Fill Jasmine Crockett’s Vacated House Seat

March 5, 2026
Expert Discusses How The Shutdown Impacts Homeland Security And More

Expert Discusses How The Shutdown Impacts Homeland Security And More

March 5, 2026
  • Donald Trump
  • Tariffs
  • Congress
  • Faith
  • Immigration
Friday, March 6, 2026
  • Login
IJR
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls
No Result
View All Result
IJR
No Result
View All Result
Home News

AstraZeneca Pauses Coronavirus Vaccine Trial, Rollout Doubts Dent Shares

by Reuters
September 9, 2020 at 7:02 am
in News
251 2
1
AstraZeneca Pauses Coronavirus Vaccine Trial, Rollout Doubts Dent Shares

FILE PHOTO: The company logo for pharmaceutical company AstraZeneca is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 8, 2019. REUTERS/Brendan McDermid/File Photo

492
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

AstraZeneca has paused global trials of its experimental coronavirus vaccine after an unexplained illness in a participant, denting the British drugmaker’s shares on Wednesday as the move was seen as dimming prospects for an early rollout.

On Tuesday, AstraZeneca said it voluntarily paused trials, including late-stage ones, to allow an independent committee to review safety data, and it was working to expedite the review to minimise any potential impact on the trial timeline.

The vaccine, which AstraZeneca is developing with the University of Oxford, has been described by the World Health Organization (WHO) as probably the world’s leading candidate and the most advanced in terms of development.

“It is obviously a challenge to this particular vaccine trial,” Britain’s Health Secretary Matt Hancock told Sky News, adding: “It’s not actually the first time this has happened to the Oxford vaccine”.

The trial’s suspension triggered a 2% fall in AstraZeneca’s shares in London and a 12% drop in the stock price of its Indian unit, AstraZeneca Pharma India Ltd. AstraZeneca shares, which have the second biggest weighting in the FTSE 100 index, were down 0.3% at 0820 GMT.

It follows reports that the United States was aiming for a fast-track approval before the November presidential election.

Asked whether the pause would set back the vaccine development process, Britain’s Hancock said: “Not necessarily, it depends on what they find when they do the investigation.”

The BBC reported that a final decision on restarting the trial will be taken by the medical regulator the MHRA, which could take only days.

“This is a routine action which has to happen whenever there is a potentially unexplained illness in one of the trials,” the AstraZeneca said in an emailed statement.

The nature of the illness was not disclosed, although the participant is expected to recover, according to Stat News, which first reported the suspension due to a “suspected serious adverse reaction”.

The U.S. Food and Drug Administration defines an adverse event as one in which evidence suggests a possible relationship to the drug being tested.

A New York Times report citing a person familiar with the situation said a participant based in Britain was found to have transverse myelitis, an inflammatory syndrome that affects the spinal cord and is often sparked by viral infections.

Whether this was directly linked to AstraZeneca’s vaccine remains unclear, the report said. AstraZeneca declined to comment.

‘HISTORIC PLEDGE’

Called AZD1222, the vaccine is in late-stage clinical trials in the United States, Britain, Brazil and South Africa and additional trials are planned in Japan and Russia. The trials aim to enrol up to 50,000 participants globally.

South Korea said on Wednesday it would look into the suspension and review its plan to participate in the manufacturing of the vaccine.

“It’s not rare that clinical trials get suspended as various factors interact,” health ministry official Yoon Tae-ho told a briefing.

The decision to put the trial on hold has impacted clinical trials being conducted by other vaccine makers, which are looking for signs of similar reactions, Stat said.

The U.S. National Institutes of Health, which is providing funding for AstraZeneca’s trial, declined to comment.

Moderna said in an emailed statement it was “not aware of any impact” to its ongoing COVID-19 vaccine study at this time.

Nine leading U.S. and European vaccine developers pledged on Tuesday to uphold scientific safety and efficacy standards for their experimental vaccines despite the urgency to contain the coronavirus pandemic.

The companies, including AstraZeneca, Moderna and Pfizer, issued what they called a “historic pledge” after a rise in concern that safety standards might slip in the face of political pressure to rush out a vaccine.

The companies said they would “uphold the integrity of the scientific process as they work towards potential global regulatory filings and approvals of the first COVID-19 vaccines.”

The other signatories were Johnson & Johnson, Merck & Co, GlaxoSmithKline, Novavax Inc, Sanofi and BioNTech.

(Reporting by Guy Fauconbridge, Estelle Shirbon, Kate Kelland in London, Deena Beasley; Additional reporting by Peter Henderson in San Francisco, Rocky Swift in Tokyo, Sangmi Cha in Seoul and Miyoung Kim in Singapore; Editing by Alexander Smith)

Tags: Coronavirus Outbreak
Share197Tweet123
Reuters

Reuters

Reuters is an international news organization.

Advertisements

Top Stories June 10th
Top Stories June 7th
Top Stories June 6th
Top Stories June 3rd
Top Stories May 30th
Top Stories May 29th
Top Stories May 24th
Top Stories May 23rd
Top Stories May 21st
Top Stories May 17th

Join Over 6M Subscribers

We’re organizing an online community to elevate trusted voices on all sides so that you can be fully informed.





IJR

    Copyright © 2024 IJR

Trusted Voices On All Sides

  • About Us
  • GDPR Privacy Policy
  • Terms of Service
  • Editorial Standards & Corrections Policy
  • Subscribe to IJR

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Thanks for reading IJR

Create your free account or log in to continue reading

Please enter a valid email
Forgot password?

By providing your information, you are entitled to Independent Journal Review`s email news updates free of charge. You also agree to our Privacy Policy and newsletter email usage

No Result
View All Result
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls

    Copyright © 2024 IJR

Top Stories June 10th Top Stories June 7th Top Stories June 6th Top Stories June 3rd Top Stories May 30th Top Stories May 29th Top Stories May 24th Top Stories May 23rd Top Stories May 21st Top Stories May 17th