An engineer reveals a speculative vaccine for the COVID-19 coronavirus that was evaluated at the Quality Control Laboratory at the Sinovac Biotech centers in Beijing.
Nicolas Asfouri | AFP | Getty Images
LONDON — The U.K.’s health minister on Wednesday hurried to protect AstraZeneca’s choice to stop briefly a closely-watched coronavirus vaccine trial due to security issues, stating that the choice is not always a problem to its advancement.
AstraZeneca revealed Tuesday that the time out was because of a possibly unusual health problem in among its trials. The pharma giant’s shares fell more than 6% in after-hours trading Tuesday and its London-noted shares slipped 0.4% as European markets opened on Wednesday.
“It is obviously a challenge to this particular vaccine,” Matt Hancock informed Sky News when inquired about the time out in the trial of the vaccine which is being established with Oxford University.
“It’s not actually the first time that it’s happened to the Oxford vaccine and it’s a standard process in clinical trials whenever they find something that they need to investigate,” he included.
Asked whether it would hold up efforts to discover a Covid-19 vaccine, he stated: “Not necessarily, it depends on what they find when they do the investigation.”
AstraZeneca informed CNBC in a declaration Tuesday that the time out “is a routine action which has to happen whenever there is a potentially unexplained illness in one of the trials, while it is investigated, ensuring we maintain the integrity of the trials.”
It stated it was attempting to speed up the evaluation to “minimize any potential impact on the trial timeline.”
“We are committed to the safety of our participants and the highest standards of conduct in our trials,” the business stated.
Analysts from Jefferies equity research study stated in a note Wednesday that they “envisage a short-term stock correction which may prove misplaced.”
“Temporary pauses in dosing of subjects is standard clinical trial practice and given the expedited path into Phase III (trials) for AZN/Oxford Uni Covid-19 vaccine AZD1222, we believe it is not surprising a serious adverse event triggered a study halt to investigate if drug-related.”
AstraZeneca started its trial late last month and is among 3 business presently in late-stage screening for a prospective vaccine. The other 2 are Pfizer and Moderna, which both started their trials in late July.
– CNBC’s Berkeley Lovelace Jnr. added to this post.