Biopharmaceutical company AstraZeneca has reached an agreement with four European Union nations to supply up to 400 million doses of CCP virus vaccine by the end of 2020.
AstraZeneca, a pharmaceutical giant headquartered in Cambridge, England, reached an agreement with Europes Inclusive Vaccines Alliance (IVA) to supply vaccines currently being tested by the University of Oxford to Germany, France, Italy, and the Netherlands “at no profit.”
Oxford University is currently doing phase two and phase three trials of the vaccine in about 10,000 adult volunteers.
“This agreement will ensure that hundreds of millions of Europeans have access to Oxford Universitys vaccine following approval. With our European supply chain due to begin production soon, we hope to make the vaccine available widely and rapidly,” said Pascal Soriot, Chief Executive Officer of the AstraZeneca in a statement.
The company has struck similar deals with the United Kingdom, the United States, the Coalition of Epidemic Preparedness Innovations, and Gavi the Vaccine Alliance for 700 million doses.
The vaccine called AZD1222, formerly known as ChAdOx1 nCoV-19, introduces the SARS-CoV2 spike protein with a weakened version of a chimpanzee virus into the body. According to Professor Babak Javid of Tsinghua University School of Medicine in Beijing, China, although tested animals became infected with SARS-CoV2, the vaccine has so far prevented disease and the onset of pneumonia.
Professor Stephen Evans of the London School of Hygiene & Tropical Medicine said of the vaccine, “The most important finding to me is the combination of considerable efficacy in terms of viral load and subsequent pneumonia, but no evidence of immune-enhanced disease.”
The technology used in AZD1222 has never been deployed in a licensed human vaccine before.
It was agreed to be produced for the United States in a partnership with Emergent BioSolutions in an agreement valued at about $87 million, according to another press release on Thursday.
In the United States, AZD1222 is one of the several pharmaceuticals supported by the federal governments program Operation Warp Speed (OWS). The OWS is aimed at speeding up the development, manufacturing, and distribuRead More – Source