news/AZN/2023.01.26/AstraZeneca loses emergency use authorisation for Evusheld.txt

AstraZeneca PLC - Cambridge, England-based pharmaceutical firm - Reports that the US Food & Drug Administration withdrew its authorisation for the emergency use of Evusheld, a medicine used to prevent Covid-19 in adults and adolescents, for the emergency use for pre-exposure prophylaxis of Covid-19 in the US. Says that the FDA will make a determination about reinstating authorisation of Evusheld if the national prevalence of resistant variants decreases to 90%. Explains that the withdrawal is due the sustained high frequency of circulating SARS-CoV-2 variants that Evusheld does not retain in vitro neutralisation against.Current stock price: 10,809.75 pence12-month change: up 22%By Abby Amoakuh, Alliance News reporterComments and questions to newsroom@alliancenews.comCopyright 2023 Alliance News Limited. All Rights Reserved.