Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

AstraZeneca CEO expects to run new global trial of COVID-19 vaccine: Bloomberg

Published 11/26/2020, 04:22 PM
Updated 11/26/2020, 10:45 PM
© Reuters. FILE PHOTO: Pascal Soriot, chief executive officer of pharmaceutical company AstraZeneca, attends an interview with Reuters in Shanghai

(Reuters) - AstraZeneca (NASDAQ:AZN) is likely to run an additional global trial to assess the efficacy of its COVID-19 vaccine using a lower dosage, its chief executive was quoted as saying on Thursday amid questions over the results of its late-stage study.

Instead of adding the trial to an ongoing U.S. process, AstraZeneca might launch a fresh study to evaluate a lower dosage of its vaccine that performed better than a full dosage, Pascal Soriot told Bloomberg News.

"Now that we've found what looks like a better efficacy we have to validate this, so we need to do an additional study," he said, adding that the new, likely global, study could be faster because it would need fewer subjects as the efficacy was already known to be high.

The news comes as AstraZeneca faces questions about its success rate that some experts say could hinder its chances of getting speedy U.S. and EU regulatory approval.

Several scientists have raised doubts about the robustness of results released on Monday showing the experimental vaccine was 90% effective in a sub-group of trial participants who, by error initially, received a half dose followed by a full dose.

Soriot said he did not expect the additional trial to delay British and European regulatory approvals.

Asked about the Bloomberg report, an AstraZeneca spokesman said there was strong merit in continuing to investigate the half-dose/full dose regimen. Any further insights from the data would be added to those from existing trials that are being prepared for regulatory submission, he said.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Running an additional trial might not be too much of a complication for the British drugmaker in the race to develop a vaccine to help tame the pandemic, which has killed more than a million people and roiled the global economy.

Helen Fletcher, professor of immunology at the London School of Hygiene & Tropical Medicine, said another trial would not necessarily delay getting a green light as efficacy in the higher dose regime still met the World Health Organization's target. It was not unusual to run new studies on approved vaccines, she said.

The vaccine is one of three that could get approved before the end the year. This month, Pfizer (NYSE:PFE) and Moderna (NASDAQ:MRNA) reported that their vaccines were about 95% effective in preventing illness, setting the bar sky-high.

Even so, the AstraZeneca shot developed with Oxford University is cheaper to make, easier to distribute and faster to scale up than its rivals.

Britain on Friday asked its medicine regulator to assess if the vaccine candidate met rigorous safety standards with a view for temporary supply, a step towards beginning a roll-out of the vaccine before the end of the year.

AstraZeneca expects 4 million doses to be available in Britain by the end of next month.

OPTIMISM

A peer-reviewed analysis of data from the new trial will be published in a medical journal in coming weeks.

The European Medicines Agency did not immediately respond to requests for comment.

AstraZeneca told Reuters earlier on Thursday that administering of the half dose had been reviewed and approved by independent data safety monitors and the British regulator, adding that the regulator publicly confirmed there was "no concern".

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Clearance from the U.S. Food and Drug Administration (FDA) may take longer, though, because the agency is unlikely to approve the vaccine based on studies carried out elsewhere, especially given the questions over the results, Soriot said.

AstraZeneca research chief Mene Pangalos told Reuters on Monday the firm would start discussions with the FDA to change the design of its trial to add the more-effective dosage regime.

Authorisation in some countries is still expected before the end of the year.

Astrazeneca (LON:AZN) has struck deals to supply the vaccines in several countries, including 120 million doses to Japan and 85 million doses to Australia.

Australian Prime Minister Scott Morrison, talking to media, expressed confidence about the vaccine, which is being manufactured by the country's biomedical giant CSL (OTC:CSLLY) Ltd.

The Serum Institute of India is conducting trials of the vaccine there.

"Even the lowest efficacy results are at 60-70%, making it a viable vaccine against the virus," the institute said in a statement, adding that the trials were running smoothly.

Latest comments

In reality the initial half dosing regime may be promising, but discovering it was a fluke and probably had much fewer participants. The they also have to ask if they screwed up the dosing what else could have been messed up? My main problem is the article stating that the the global economy was roiled by the pandemic, when it was the response to it...which may or may not have been the correct one. Spinning it like that reduces the chance that we will analyze the response, and learn from our mistakes.
90%  - 95% efficiency sounds 5% - 10% chance to say good by ,
You obviously have zero idea how vaccines work and whaf they're supposed to do.
Ok so one of the 99 vaccines has a dosing problem, big deal. Moderna's vaccine is perfect.
As evidenced by all of the executives selling their shares and none of them actually purchasing any.
Reality is setting in. The vaccine pumps were the last chance before the wealthy elites jump ship and sell everything. We are about to witness a massive crash. SPY will go below $200 by end of 2021
They should've done this during their phase 3 trial . One group is placebo, another group for full dose and the last is the half dose . This company is a joke .
these companies stock will suffer horribly if their vaccines don't perform as advertised in the field.
Europe cannot do anything right. Big surprise.
the parent (country) fell not far from the child
Is that so? Biontechs/Pfizers vaccine has been developed 50/50 in Germany and America.
Long story short: the whole vaccine is a complete joke!
They wanted their stock to go up so the higher ups could cash out.
90-95% efficacy sounds good to me
its true.
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.