AstraZeneca Sells Its Holding In Moderna For More Than $1 Billion

0
EU Accused Of Being A 'Disgrace' And A 'Bully' After Blocking Vaccine Exports To Australia
EU Accused Of Being A 'Disgrace' And A 'Bully' After Blocking Vaccine Exports To Australia. image: twitter

ASTRAZENECA Sells Its Holding In Moderna For More Than $1 billion it is reported

AstraZeneca Plc has, according to The Times, reportedly sold its stake of 7.7 per cent that it had in Moderna Inc, for more than $1billion, after the U.S. biotechnology company’s shares skyrocketed after its Covid-19 vaccine breakthrough.

It was not totally clear as to which point in time AstraZeneca had cashed in its holding, but the report says they will still partner with Moderna on research into other disease treatments and vaccines, and hinted that, in future, if the virus becomes endemic, then they could even sell their AstraZeneca/Oxford University coronavirus vaccine on a commercial basis.

-- ADVERTISEMENT --

Moderna, said last week that it was anticipating sales of £13.15billion ($18.4) billion from its coronavirus vaccine this year, now that the vaccine is cleared for emergency use against Covid-19 in the United States.

There has of course been a lot of controversy in Europe over the efficacy of the AstraZeneca vaccine, with the United Kingdom having already jabbed more than 20 million people, in the EU most states had rejected to use of it in over 65s, citing an initial lack of evidence of its effectiveness on them., meaning their rollout has been incredibly slow in comparison to the UK.

Now, after a meeting, it would appear that Germany and France are going to authorise the use of the AstraZeneca vaccine for people over 65, in a dramatic turnaround.


_______________________________________________________

Thank you for taking the time to read this news article “AstraZeneca Sells Its Holding In Moderna For More Than $1b”.

For more UK daily news, Spanish daily news and, Global news stories, visit the Euro Weekly News home page.


-- ADVERTISEMENT --
Chris King
Chris was born in a small village in Wales, where he ran his own successful construction company for many years, before deciding in 1990, to swap the grey skies and rain for the sunshine and lifestyle of the Costa del Sol. Late last year he made the move to Southern Portugal, and is now residing on the Algarve. Having sang and played in a rock band back in Wales, he still likes to go out and entertain in his spare time, singing in restaurants and golf clubs. Interests are of course music, especially from the 60s and 70s, movies, nice restaurants, and has a passion for graphic design and online marketing.

LEAVE A COMMENT

Please enter your comment!
Please enter your name here