AstraZeneca Vaccine Faces Challenges 💊

AstraZeneca Vaccine Faces Challenges

AstraZeneca announced it is pausing clinical trials for its COVID-19 vaccine after a participant developed an unexplained illness. All testing for this specific vaccine will be on hold until a review of safety data is conducted. The current study started last week in the U.S. and was provided with significant federal funding.

The British-Swedish company has been working with developers at the University of Oxford to create a vaccine, and their candidate was widely considered to be one of the world’s most promising. AstraZeneca’s stock price fell more than 8% in after-hours trading following the announcement.

Of course, this is bad news for more than just AstraZeneca’s investors. This setback could seriously increase the amount of time it takes to develop a safe and effective vaccine, and in a worst-case scenario could derail this specific vaccine trial altogether. Time will tell whether the unexplained illness is a coincidence or if it is a result of an unsafe vaccine. However, each additional day lost means more deaths and the continuation of lockdowns that hurt businesses.

The U.S. and U.K. governments have signed supply contracts with AstraZeneca and initially hoped to have the first deliveries by this fall. This setback could make that already very ambitious goal a significant challenge to meet.

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

Share:
More Posts
The New Chip 💻
8 December, 2023

AMD has unveiled an AI-focused graphics processor, aiming to challenge Nvidia’s dominance.

Load More
Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Facebook Twitter Youtube Instagram Snapchat Tiktok
learn
products
plan
Who we are
blog

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.