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The US is one step closer to a COVID-19 vaccine

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
AstraZeneca could have a viable vaccine by November

The week started with good news from the US Food and Drug Administration (FDA). The federal agency issued an “emergency use authorization” (EUA) for convalescent plasma to be used as a treatment for hospitalized #COVID-19 cases. 

According to the FDA, there is enough scientific evidence that showed that the antibody-rich plasma “may be effective,” and the possible benefits outweigh the potential risks. "Today’s action follows the FDA’s extensive review of the science and data generated over the past several months stemming from efforts to facilitate emergency access to convalescent plasma for patients as clinical trials to definitively demonstrate safety and efficacy remain ongoing."

This EUA will facilitate the distribution of convalescent plasma in the States and its use by healthcare providers.  

Ahead of the presidential elections, this is seen as a victory for the Trump administration. Related to the subject, President #Trump is considering fast-tracking AstraZeneca’s COVID-19 vaccine candidate. He wants it done and available to Americans before the election. 

AstraZeneca’s potential #vaccine produced a “strong immune response” during the first two phases of clinical trials.  Currently, it has advanced to Phase III trials. 

Following the announcement, the company's stock price rose by nearly 4%.

Read about the partnerships between the US government and pharmaceutical companies here!

Sources: marketwatch.com, thestreet.com


This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.