Shares of AstraZeneca are down 1.7% due to discontinuation of trials of COVID vaccine

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Shares of AstraZeneca are down 1.7% due to discontinuation of trials of COVID vaccine

11.09.2020 News

Shares of the British-Swedish pharmaceutical company AstraZeneca on the London Stock Exchange (LSE) are down 1.69% after reports of stopping trials of the corona virus vaccine, according to trading platform data.

Securities lost 1.69% in value, dropping to 82.07 pounds sterling. The basic index of the British stock market FTSE 100 on Wednesday traded in the “green” zone.

Clinical trials of the vaccine from AstraZeneca corona virus were discontinued because of possible adverse effect on one of the participants from the UK. A company representative said that AstraZeneca intends to rapidly analyze this case to minimize the potential impact on the timing of the tests. According to the representative, suspension testing is the routine in nature and is necessary in such cases. It is unknown at this time how long will the suspension of clinical trials.

On Wednesday, it became known that AstraZeneca has suspended clinical trials of the vaccine in Japan. The AstraZeneca vaccine, which is being developed with Oxford experts, entered the third phase of testing in the United States in August. Earlier, tests of AstraZeneca began in UK, Brazil and South Africa. The company is developing vaccines based on adenoviral vectors of monkeys.

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