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AstraZeneca scores first supply deal for COVID vaccine

May 21, 2020 4:24 AM ET|About: AstraZeneca PLC (AZN)|By: Yoel Minkoff, SA News Editor 

AstraZeneca (NYSE:AZN) has received more than $1B in U.S. funding to develop a COVID-19 vaccine with the University of Oxford and said it has supply agreements for 400M doses.

The money came from the U.S. Biomedical Advanced Research and Development Authority, which has also provided funding for French pharmaceutical giant Sanofi.

AstraZeneca said it has a total capacity sourced for 1B doses through 2020 and into 2021, and continues to increase capacity further.

Update: In an interview, CEO Pascal Soriot said that results from a Phase 1/2 study should be available by month-end or early June with Phase 3 data expected in September.

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