AIRLINK 78.39 Increased By ▲ 5.39 (7.38%)
BOP 5.34 Decreased By ▼ -0.01 (-0.19%)
CNERGY 4.33 Increased By ▲ 0.02 (0.46%)
DFML 30.87 Increased By ▲ 2.32 (8.13%)
DGKC 78.51 Increased By ▲ 4.22 (5.68%)
FCCL 20.58 Increased By ▲ 0.23 (1.13%)
FFBL 32.30 Increased By ▲ 1.40 (4.53%)
FFL 10.22 Increased By ▲ 0.16 (1.59%)
GGL 10.29 Decreased By ▼ -0.10 (-0.96%)
HBL 118.50 Increased By ▲ 2.53 (2.18%)
HUBC 135.10 Increased By ▲ 2.90 (2.19%)
HUMNL 6.87 Increased By ▲ 0.19 (2.84%)
KEL 4.17 Increased By ▲ 0.14 (3.47%)
KOSM 4.73 Increased By ▲ 0.13 (2.83%)
MLCF 38.67 Increased By ▲ 0.13 (0.34%)
OGDC 134.85 Increased By ▲ 1.00 (0.75%)
PAEL 23.40 Decreased By ▼ -0.43 (-1.8%)
PIAA 26.64 Decreased By ▼ -0.49 (-1.81%)
PIBTL 7.02 Increased By ▲ 0.26 (3.85%)
PPL 113.45 Increased By ▲ 0.65 (0.58%)
PRL 27.73 Decreased By ▼ -0.43 (-1.53%)
PTC 14.60 Decreased By ▼ -0.29 (-1.95%)
SEARL 56.50 Increased By ▲ 0.08 (0.14%)
SNGP 66.30 Increased By ▲ 0.50 (0.76%)
SSGC 10.94 Decreased By ▼ -0.07 (-0.64%)
TELE 9.15 Increased By ▲ 0.13 (1.44%)
TPLP 11.67 Decreased By ▼ -0.23 (-1.93%)
TRG 71.43 Increased By ▲ 2.33 (3.37%)
UNITY 24.51 Increased By ▲ 0.80 (3.37%)
WTL 1.33 No Change ▼ 0.00 (0%)
BR100 7,493 Increased By 58.6 (0.79%)
BR30 24,558 Increased By 338.4 (1.4%)
KSE100 72,052 Increased By 692.5 (0.97%)
KSE30 23,808 Increased By 241 (1.02%)
Business & Finance

AstraZeneca taps Scottish firm for 10th COVID-19 vaccine supply deal

  • Symbiosis Pharmaceutical said on Wednesday it agreed to make and supply an unspecified number of units of the vaccine, AZD1222, for AstraZeneca to use in clinical trials.
  • It is fantastic to see the continued success of Symbiosis in Scotland, and I app
Published June 24, 2020

AstraZeneca has signed its tenth supply-and-manufacturing deal for its experimental COVID-19 vaccine with a Scotland-backed firm as the British drugmaker ramps up efforts for wider trials of the potential treatment.

Symbiosis Pharmaceutical said on Wednesday it agreed to make and supply an unspecified number of units of the vaccine, AZD1222, for AstraZeneca to use in clinical trials. The companies did not provide any financial terms of the deal.

AstraZeneca Chief Executive Officer Pascal Soriot last month warned that the company was running out of time to effectively test the vaccine as the number of cases decline in Europe.

Brazil last week became the first country outside of the UK to begin human testing of the vaccine AstraZeneca licensed from the University of Oxford. About 3,000 people in Sao Paulo and Rio de Janeiro have enrolled for trials.

Scotland's economic development agency, Scottish Enterprise, supported the establishment of Symbiosis Pharmaceutical in 2011 and provided it with capital.

"It is fantastic to see the continued success of Symbiosis in Scotland, and I applaud the vital work they are undertaking," Scotland's Trade Minister Ivan McKee said in a statement.

AstraZeneca has doubled manufacturing and supply capacity for its potential coronavirus vaccine to over 2 billion doses with deals such as those involving Microsoft billionaire Bill Gates-backed firms and India's Serum Institute.

There are currently no approved vaccines or treatments for the illness caused by the new coronavirus, but about a dozen vaccines from more than 100 candidates globally are being tested in humans.

Comments

Comments are closed.