Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Britain approves AstraZeneca's preventative COVID therapy

Published 17/03/2022, 07:16
Updated 17/03/2022, 10:31
© Reuters. 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

By Pushkala Aripaka

(Reuters) -Britain's medicines regulator has approved AstraZeneca (NASDAQ:AZN)'s antibody-based COVID-19 treatment for preventing infections in adults with poor immune response, marking a major step in the fight against the pandemic as infections surge globally.

The decision to grant approval for the treatment, Evusheld, was endorsed by the government's independent scientific advisory body, Britain's Medicines and Healthcare products Regulatory Agency (MHRA) said https://www.gov.uk/government/news/evusheld-approved-to-prevent-covid-19-in-people-whose-immune-response-is-poor on Thursday.

Figures showing a global rise in COVID-19 cases could herald a much bigger problem, the World Health Organization said this week, warning nations to remain vigilant.

Although 85% of Britons over the age of 12 have been vaccinated with two doses, some immune compromised individuals or those with a history of severe adverse reactions to a vaccine may need an alternative prevention option.

"While the COVID-19 vaccines continue to be the first-line defence against COVID-19, we know that some people may not respond adequately to these vaccines,' MHRA chief June Raine said.

Vaccines rely on an intact immune system to develop targeted antibodies and infection-fighting cells, but Evusheld contains lab-made antibodies designed to linger in the body for months to contain the virus in case of an infection.

The therapy was found to cut the risk of developing symptomatic COVID-19 by 77% in trials, with protection lasting for at least six months after a single dose, the MHRA said.

Evusheld has been also shown to save lives and prevent disease progression when given within a week of first symptoms.

Britain and AstraZeneca currently do not have an agreement for supply of Evusheld.

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

AstraZeneca in a statement said it hopes to see the therapy made available to Britons "as quickly as possible".

Evusheld is under a European review and has been authorised in the United States to prevent COVID-19 infections in individuals with weak immune systems or a history of severe side effects from coronavirus vaccines.

The MHRA said that the treatment, given as an intra-muscular shot, should not be administered to people infected with the COVID-causing SARS-CoV-2 virus or who have had recent exposure to someone with the virus.

However, the regulator has cautioned that there was insufficient data to evaluate fully Evusheld's effectiveness against the highly contagious Omicron variant, adding that it is liaising with AstraZeneca on that.

AstraZeneca in December said a lab study had found the treatment retained neutralising activity against Omicron.

Eli Lilly (NYSE:LLY), Regeneron and GSK some other drugmakers working on antibody-based COVID-19 therapies.

Latest comments

Omicron is as lethal as a common cold..These drugs are not required
for some people this is a life-changing moment.
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.