I am a London-based reporter for Forbes covering breaking news. Previously, I have worked as a reporter for a specialist legal publication covering big data and as a freelance journalist and policy analyst covering science, tech and health. I have a master’s degree in Biological Natural Sciences and a master’s degree in the History and Philosophy of Science from the University of Cambridge. Follow me on Twitter @theroberthart or email me at [email protected]
Pursuing full authorization means it could be months, even years, before the AstraZeneca shot reaches U.S. markets—Pfizer and BioNTech applied for fullin May and a decision might not be forthcoming until January 2022, despite being a priority assessment.
The highly-vaccinated U.S. market is likely not the end goal, however, as the seal of approval from the highly respected Food and Drug Administration carries a lot of weight worldwide. Though AstraZeneca reported nearly $900 million in revenue from the vaccine this quarter, the company it contributed to losses of $13 million this quarter and $40 million in the first quarter of the year. AstraZeneca does not profit from the jab, a commitment it made for the duration of the pandemic. Chief executive Pascal Soriot said the company did intend to make profits on the shot one day—though he did not say when—but “never… large profits,” the.
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