Are You A Savvy Consumer? Tips For Smart Buying

Smart buying is not just about dollars. You very safety is often at stake...Pexels

So, you want to buy a baby crib? A treadmill for your home gym? Or a new car? If you’re smart, you’ll do plenty of homework to learn all you can about the safety of those products. And what about the food you eat, the cosmetics you use, and even that big screen TV you’re planning to pick up for this weekend’s Super Bowl watch party?

Hope you’ve done your homework. Literally every single product you and your family consume has the potential to cause you harm—if not physical harm, at least financial harm. To make the smartest buying decisions, you need reliable data. Not just anecdotal reports, but research-based, unbiased information.

A resource used by millions of Americans (as well as many others) is Consumer Reports, the nonprofit consumer organization dedicated to independent product testing, consumer-oriented research, public education, and consumer advocacy.

And to educate yourself on marketplace issues that affect your purchasing decisions, you can turn to Buyer Aware: Harnessing Our Consumer Power for a Safe, Fair, and Transparent Marketplace. The author is Marta L. Tellado, president and CEO of Consumer Reports.

Before joining Consumer Reports, Tellado served as vice president at the Ford Foundation, executive director of the Aspen Institute’s Domestic Policy Group, and vice president of the Partnership for Public Service. She earned her PhD at Yale University.

Rodger Dean Duncan: You note that Big Tech companies—Amazon, Google, Facebook, Apple—“have amassed enough muscle to snuff out rivals and co-opt ideas for start-ups.” In the face of that marketplace dominance, what’s the smartest approach entrepreneurs can take to get traction with new businesses?

Marta L. Tellado: What’s good for consumers is often good for entrepreneurs. A more competitive marketplace lifts all boats. We’ve seen increased concern around tech monopolies, creating a market opportunity for new businesses, especially those providing consumers with something the giants won’t. For example, DuckDuckGo, a search engine that values consumer data privacy, has been successful as a more consumer-friendly alternative to Google.

The voices of entrepreneurs and consumers will be critical in advocating for new laws countering the growth and concentration of market power in the hands of digital monopolies. Last year, several bills had bipartisan support, but they still didn’t make it to the finish line. This year, we need the help of entrepreneurs, who won’t be able to compete in a marketplace stacked against them. Big Tech won’t give up power willingly, so entrepreneurs and consumers must work together to change the digital economy.

Duncan: When using the Internet, what steps can consumers take to prevent their private information from being misused?

Tellado: When we surveyed consumers in 2022, only 7% of people were very confident that their personal data was private and not distributed without their knowledge. It’s justified – countless companies are selling your information to the highest bidder.

That’s one reason CR created our free Security Planner, which takes you through a step-by-step process to improve control over your data and strengthen your online security, like keeping your operating systems up-to-date and setting up multi-factor authentication to protect accounts.

Duncan: It’s clear that devices like Amazon’s Echo and Google Home have the ability to eavesdrop on private conversations. What other kinds of household devices should privacy-minded consumers be cautious in using?

Tellado: The short answer is – anything with an internet connection. People should be especially wary of devices with microphones or cameras. A CR investigation found that video doorbells can record conversations from 20 or 30 feet away. That has serious implications for private conversations in your own home or even when walking by your neighbor’s house.

Duncan: The bomb-throwers all along the political spectrum accuse each other of peddling fake news and misinformation. What are your suggestions for staying informed by reliable, non-biased sources?

Tellado: It’s gotten harder to distinguish fact from fiction online. We rely on the internet for shopping, news, and more, but the burden is too often on consumers to determine what’s unbiased, what’s an ad, and what’s misinformation.

That’s part of why our 6 million members joined Consumer Reports. They know we’re an independent nonprofit, that science guides our work, that we buy the products we test, and that we never accept advertising. Those commitments build trust.

So if you’re turning to online sources that are not transparent about their business model, my advice is to question the authenticity of anything you read. Check if it’s “sponsored” content, meaning it’s advertising. Caution costs only a few minutes, while the alternative could cost much more.

Duncan: All the hubbub around Covid issues—lockdowns, mask mandates, propaganda campaigns regarding vaccines—damaged the reputations of previously credible sources and institutions. What can be done to restore public confidence in what the “experts” say about important health issues?

Tellado: Widespread concern about COVID has been warranted. Millions have died, businesses shut down, and our way of life changed practically overnight. That said, public confidence was shaken in part because of confusion about the scientific process. Science is based on the best available information, and it changes with new data. It makes sense that guidance evolved as we learned more. This was a singular moment when the data and science around a life-threatening virus were evolving in real time with human lives at stake. We were learning new things everyday, and that made the environment ripe for misinformation.

Unfortunately, while we live in a world where life-saving information can reach people instantaneously through social media, we don’t have systems in place to moderate or stop the spread of dangerous misinformation.

That’s where platform accountability comes in. It is literally a life and death issue. Companies must take their responsibility to combat obvious fraud and misinformation seriously. If they won’t rethink their approach to moderation, consumers will need legal reforms to compel them.

Duncan: What long-term effect do you expect Elon Musk’s take-over of Twitter will have on free speech?

Tellado: Platforms are private, so free speech is not intrinsically guaranteed. But given their millions, and in some cases billions, of users, Twitter, TikTok, Facebook and others have become the public square. This is where consumer rights are truly civil rights, but our legal framework has not caught up with the realities of the digital marketplace.

It’s cause for alarm when a company of Twitter’s scale removes guardrails and experts required to review questionable and dangerous content while silencing journalists and other voices on the platform for critiquing the owner. Rather than focus on one company or leader, we need a radical rethink of accountability, so that our digital lives reflect and support the rights we have secured in our offline lives.

Duncan: What role does free speech play in consumers’ confidence in the products and services they buy?

Tellado: Free speech and consumer power are innately linked: Markets are about supply and demand, and consumers need the free flow of information to be able to effectively demand more and better.

As consumer advocates, we’ve seen attempts to silence us. One example is the resistance we faced from the Consumer Product Safety Commission when we wanted to educate consumers about Fisher-Price’s Rock ‘n Play, an inclined sleeper that, along with its knockoffs, was eventually linked to over 100 infant deaths. Fisher-Price knew that the product was dangerous, and so did the CPSC, but it took years to get it recalled, in part because a loophole, called Section 6(b), requires the CPSC to seek companies’ permission before releasing information about their products.

CR only found out about the deaths because of a bureaucratic snafu: the CPSC mistakenly released the information to us when they failed to redact the manufacturer’s name in a dataset about deaths related to sleepers.

When we reached out for comment, the CPSC’s lawyers sent us letters demanding the data be destroyed and not published – the government was attempting to suppress free speech, putting children in danger. We had a choice: Back down to the pressure or go forward with our report, regardless of the consequences.

We were confident in our First Amendment rights and moral place: put consumers first – put these children first. Two weeks after we published our exposé, Fisher-Price recalled millions of sleepers, and last year, we secured a federal law banning these dangerous infant products.

It shows how our right to speak out against our system is critical to building a better marketplace for all.

Duncan: One of the sub headlines in your book is “Algorithms Have a Race Problem.” Tell us about that.

Algorithms are decision making tools that permeate everything from what you see online to how much you pay for services, but they aren’t visible or transparent.

Algorithms themselves don’t harbor discriminatory attitudes, but they’re designed by humans steeped in societal bias. A 2018 CR investigation found car insurance pricing that was based on zip code, not driving record, leading to higher prices for communities of color. Similarly, using education and income levels in algorithms deciding insurance pricing perpetuates discrimination in the marketplace that we’ve fought to erase.

When our economic agency is undermined, so is our power to function as free, equal members of our democracy. That’s why consumer rights are civil rights. Companies must view their product and service design through a lens of safety and fairness, and responsible AI is essential.

Duncan: How can the average citizen help build a consumer-first marketplace?

Tellado: My book is called Buyer Aware because the first step is awareness.

We must recognize our personal power as consumers. We may go to the polls a few times a year, but we’re in the marketplace every day. Hold companies accountable with your business. Report dangerous products to government agencies. Use consumer tools to strengthen your rights, like CR’s Permission Slip, an app to help you control what personal data companies keep about you.

We’re also a collective force and need to demand change. I’ve seen how people can transform the marketplace and save lives. In December, Congress passed the STURDY Act to help prevent deadly furniture tip overs. That victory wouldn’t have been possible without parents who lost children to irresponsibly-built furniture coming together and demanding guidelines putting human life first.

You can go to BuyerAware.CR.org to find other ways to take action, from getting lead out of your favorite dark chocolate to ending loopholes for predatory lenders that leave you in a whirlpool of debt.

Duncan: What question do you wish I had asked, but didn’t … and how would you respond?

A question I get a lot is: Things seem bleak—can they get better?

When people ask that, I think of Rachel Carson. When she wrote Silent Spring in 1962, we were fighting against environmental threats we often couldn’t see, feel, touch, or taste. But citizen voices prevailed over giant corporations and unrestrained use of harmful chemicals.

Today, we’re battling a new set of harms we can’t always see in the digital world where the pace of technology has outrun consumer protections, from biased algorithms to companies selling our personal data.

I think we’re turning a corner and seeing a new generation of consumers demanding more ethical behavior from companies. 77% of Gen Z say they consider ethics and social impact when forming opinions of a company.

We’re also seeing some victories, like the Federal Trade Commission fining telemedicine company GoodRx $1.5 million after a CR investigation exposed it shared customers’ sensitive health information with third-parties. And New York ended the year on a high note for consumers by passing the Digital Fair Repair Act, which gave New Yorkers more control and choices in how they repair their electronics, saving them money and cutting down on waste.

Change is possible, but won’t happen unless we demand it—unless we use our consumer power and work with companies and government to build a more fair, transparent, and safe marketplace.

For the past 40 years I’ve consulted and coached leaders from the factory floor to the boardroom in some of the world’s best companies in multiple

Source: Are You A Savvy Consumer? Tips For Smart Buying

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Moderna Sues Rival COVID-19 Vaccine Makers Pfizer and BioNTech

Moderna has said it is suing rival vaccine maker Pfizer and its German partner BioNTech, citing infringement on its patents in developing the first COVID-19 vaccine approved in the United States, alleging they copied technology that Moderna developed years before the pandemic.

The lawsuits set up a high-stakes showdown between the leading manufacturers of COVID-19 shots that are a key tool in the fight against the disease. “Moderna believes that Pfizer and BioNTech’s Covid-19 vaccine Comirnaty infringes patents Moderna filed between 2010 and 2016 covering Moderna’s foundational mRNA technology,” the US-based biotech firm said in a statement on Friday.

“Pfizer and BioNTech copied this technology, without Moderna’s permission, to make Comirnaty,” Moderna said. Pfizer and BioNTech said they have not fully reviewed the complaint, but expressed surprise over the litigation.

“The Pfizer/BioNTech Covid-19 vaccine was based on BioNTech’s proprietary mRNA technology,” a statement said. “We will vigorously defend against the allegations of the lawsuit.” When the news broke, Pfizer shares fell nearly 1 percent, while BioNTech US-listed shares were down about 1.5 percent and Moderna shares slipped 1.7 percent.

The lawsuit, which seeks undetermined monetary damages, was filed in the US District Court in the state of Massachusetts. Moderna said the lawsuit would also be filed in the Regional Court of Dusseldorf in Germany.

Just a decade old, Moderna, based in Cambridge, Massachusetts, had been an innovator in the messenger RNA (mRNA) vaccine technology that enabled unprecedented speed in developing the COVID-19 vaccine.

The mRNA technology used in the Moderna and Pfizer-BioNTech shots differs from that in traditional vaccines, which rely on injecting weakened or dead forms of a virus to allow the immune system to recognize it and build antibodies.

Instead, mRNA vaccines deliver instructions to cells to build a harmless piece of the spike protein found on the surface of the virus that causes COVID-19. After creating this spike protein, cells can recognize and fight the real virus, hailed as a major advancement in the development of vaccines.

Germany-based BioNTech had also been working in this field when it partnered with the US pharma giant Pfizer.

Lawsuits can take years to resolve

Moderna said it had begun building up the technology in 2010 and patented work on coronaviruses in 2015 and 2016, which allowed for the rollout of its shots in “record time” after the pandemic struck.

The virus has killed at least 6.48 million people worldwide since 2020 and made nearly 600 million ill, according to a Johns Hopkins University tracker. In addition to death and suffering, the disease has led to a reshaping of life ranging from a change in norms on working from home to a scrambling of supply chains and workforces.

Moderna said it pledged in October 2020 not to enforce its COVID-19-related patents while the pandemic continued, but less than two years later changed that stance as the fight shifted gears.“Moderna expected companies such as Pfizer and BioNTech to respect its intellectual property rights and would consider a commercially reasonable licence should they request one for other markets,” it said.

“Pfizer and BioNTech have failed to do so,” the firm added. Pfizer and BioNTech are already facing multiple lawsuits from other companies which say the partnership’s vaccine infringes on their patents. Germany’s CureVac, for instance, also filed a lawsuit against BioNTech in Germany in July. BioNTech responded in a statement that its work was original.

Moderna has also been sued for patent infringement in the US and has an ongoing dispute with the US National Institutes of Health (NIH) over rights to mRNA technology. These types of lawsuits are not unheard of in the pharmaceutical industry, where patents can be worth billions of dollars, and can take years to resolve.

Source: Moderna sues rival COVID-19 vaccine makers Pfizer and BioNTech | Coronavirus pandemic News | Al Jazeera

Related News:

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S Africa’s Afrigen makes mRNA COVID vaccine using Moderna data

Pfizer, Moderna boosters up to 90% effective against Omicron: CDC

US authorises the use of dual-variant covid-19 vaccine boosters New Scientist

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CDC Approves COVID-19 Vaccines For Children Under 5

U.S. health advisers on Saturday recommended COVID-19 vaccines for infants, toddlers and preschoolers — the last group without the shots.The advisers to the Centers for Disease Control and Prevention unanimously decided that coronavirus vaccines should be opened to children as young as 6 months. On Saturday afternoon, CDC Director Rochelle Walensky signed off on the panel’s recommendation.

“Together, with science leading the charge, we have taken another important step forward in our nation’s fight against COVID-19,” Walensky said in a statement. “We know millions of parents and caregivers are eager to get their young children vaccinated, and with today’s decision, they can. I encourage parents and caregivers with questions to talk to their doctor, nurse, or local pharmacist to learn more about the benefits of vaccinations and the importance of protecting their children by getting them vaccinated.”

HHS Secretary Xavier Becerra released a statement calling the CDC’s move a “major milestone.”

“Thanks to the FDA and CDC’s rigorous, comprehensive, and independent review of the data, and their strict commitment to following the science, we are reaching another major milestone in our efforts to protect more children, their families, and our communities as we work to end the pandemic,” Becerra said. “We are following the data and science as we make sure all Americans are eligible and have access to COVID-19 vaccines and boosters to prevent severe disease and save lives. Based on CDC and FDA actions, we now know that vaccination for our children 6 months through 5 years old is safe and effective and we are ready to get millions of children vaccinated.”

The White House also weighed in on the decision in a statement calling the CDC’s decision a “monumental step forward in our nation’s fight against the virus.””For parents all over the country, this is a day of relief and celebration,” President Biden said in the statemente. “As the first country to protect our youngest children with COVID-19 vaccines, my Administration has been planning and preparing for this moment for months, effectively securing doses and offering safe and highly effective mRNA vaccines for all children as young as six months old.

“While the Food and Drug Administration OKs vaccines, it’s the CDC that decides who should get them. The government has been gearing up for the start of the shots early next week, with millions of doses ordered for distribution to doctors, hospitals and community health clinics around the country. Roughly 18 million kids will be eligible, but it remains to be seen how many will ultimately get the vaccines. Less than a third of children ages 5 to 11 have done so since vaccination opened up to them last November.

Two brands — Pfizer and Moderna — got the green light Friday from the FDA. The vaccines use the same technology but are being offered at different dose sizes and number of shots for the youngest kids.

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PFD FLAHERTY & CRUMRINE PREFERRED INC 12.30 -0.07 -0.57%
MRNA MODERNA INC. 128.03 +6.95 +5.74%

Pfizer’s vaccine is for 6 months through 4 years. The dose is one-tenth of the adult dose, and three shots are needed. The first two are given three weeks apart, and the last at least two months later. Moderna’s is two shots, each a quarter of its adult dose, given about four weeks apart for kids 6 months through 5. The FDA also approved a third dose, at least a month after the second shot, for kids with immune conditions that make them more vulnerable to serious illness.

Two doses of Moderna appeared to be only about 40% effective at preventing milder infections at a time when the omicron variant was causing most COVID-19 illnesses. Pfizer presented study information suggesting the company saw 80% with its three shots. But the Pfizer data was so limited — and based on such a small number of cases — that experts and federal officials say they don’t feel there is a reliable estimate yet.

Hospitalizations surged during the omicron wave. Since the start of the pandemic, about 480 children under age 5 are counted among the nation’s more than 1 million COVID-19 deaths, federal data show. “It is worth vaccinating, even though the number of deaths are relatively rare, because these deaths are preventable through vaccination,” said Dr. Matthew Daley, a Kaiser Permanente Colorado researcher who sits on the advisory committee.

U.S. officials expect most shots to take place at pediatricians’ offices. Many parents may be more comfortable getting the vaccine for their kids at their regular doctor, White House COVID-19 coordinator Dr. Ashish Jha said. He predicted the pace of vaccination to be far slower than it was for older populations.

Pediatricians, other primary care physicians and children’s hospitals are planning to provide the vaccines. Limited drugstores will offer them for at least some of the under-5 group. U.S. officials expect most shots to take place at pediatricians’ offices. Many parents may be more comfortable getting the vaccine for their kids at their regular doctor, White House COVID-19 coordinator Dr. Ashish Jha said. He predicted the pace of vaccination to be far slower than it was for older populations.

“We’re going see vaccinations ramp up over weeks and even potentially over a couple of months,” Jha said. It’s common for little kids to get more than one vaccine during a doctor’s visit. In studies of the Moderna and Pfizer shots in infants and toddlers, other vaccinations were not given at the same time so there is no data on potential side effects when that happens. But problems have not been identified in older children or adults when COVID-19 shots and other vaccinations were given together, and the CDC is advising that it’s safe for younger children as well.

About three-quarters of children of all ages are estimated to have been infected at some point. For older ages, the CDC has recommended vaccination anyway to lower the chances of reinfection.Experts have noted re-infections among previously infected people and say the highest levels of protection occur in those who were both vaccinated and previously infected. The CDC has said people may consider waiting about three months after an infection to be vaccinated.

Source: CDC approves COVID-19 vaccines for children under 5 | Fox Business

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Future COVID Variants Will Likely Reinfect Us Multiple Times a Year, Experts Say

For more than a year now, the original COVID-19 vaccines have held up remarkably well — even miraculously so — against a Greek alphabet of new variants: Alpha, Beta, Gamma, Delta.

But now experts say something is changing. Since the start of 2022, the initial version of Omicron, known as BA.1, has been spinning off new sublineages — BA.2, BA.2.12.1, BA.4, BA.5 — at an alarming pace.

Earlier variants did this too. But it never really mattered, because their offshoots “had no functional consequence,” according to Eric Topol, founder of Scripps Research Translational Institute. “They did not increase transmissibility or pathogenicity.”

Today’s rapidly proliferating Omicron mutants are different, however. They all have one worrisome trait in common: They’re getting better and better at sidestepping immunity and sickening people who were previously shielded by vaccination or prior infection.

The virus, in other words, is now evolving faster — and in a more consequential way — than ever before. Given the increasing speed of immune evasion, and what this pattern portends for the future, experts warn that the time has come to rethink our reliance on the vaccine status quo and double down on next-generation vaccines that can actually stop infection.

“As difficult [as] it is to mentally confront, we must plan on something worse than Omicron in the months ahead,” Topol wrote on May 15. “We absolutely need an aggressive stance to get ahead of the virus — for the first time since the pandemic began — instead of surrendering.”

The brewing storm of BA sublineages isn’t all bad news. COVID cases have been rising nationwide since the beginning of April, nearly quadrupling over the last six weeks to more than 90,000 per day on average. Yet both COVID deaths (about 300 per day) and ICU patients (about 2,000 total) are still at or approaching record lows — even though other countries with bigger gaps in previous exposure or vaccination have been hit hard, and even though new research shows that Omicron and its spinoffs are not, in fact, intrinsically less severe or deadly than prior variants, contrary to early assumptions.

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Source: Future COVID variants will likely reinfect us multiple times a year, experts say — unless we invest in new vaccines

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The new variants have not altered the fundamental usefulness of the Covid vaccines. Most people who have received three or even just two doses will not become sick enough to need medical care if they test positive for the coronavirus. And a booster dose, like a previous bout with the virus, does seem to decrease the chance of reinfection — but not by much.

At the pandemic’s outset, many experts based their expectations of the coronavirus on influenza, the viral foe most familiar to them. They predicted that, as with the flu, there might be one big outbreak each year, most likely in the fall. The way to minimize its spread would be to vaccinate people before its arrival.

Instead, the coronavirus is behaving more like four of its closely related cousins, which circulate and cause colds year round. While studying common-cold coronaviruses, “we saw people with multiple infections within the space of a year,” said Jeffrey Shaman, an epidemiologist at Columbia University in New York.

If reinfection turns out to be the norm, the coronavirus is “not going to simply be this wintertime once-a-year thing,” he said, “and it’s not going to be a mild nuisance in terms of the amount of morbidity and mortality it causes.”

Reinfections with earlier variants, including Delta, did occur but were relatively infrequent. But in September, the pace of reinfections in South Africa seemed to pick up and was markedly high by November, when the Omicron variant was identified, Dr. Pulliam said.

Reinfections in South Africa, as in the United States, may seem even more noticeable because so many have been immunized or infected at least once by now.

More contents:

AstraZeneca Sees $4B In COVID-19 Vaccine Sales

AstraZeneca recorded a big jump in revenue on Thursday as it begins to take a profit from its coronavirus vaccine for the first time.

The company recorded full-year revenues of $37.4 billion, an increase of 38% from the year before at constant exchange rates. Part of the boost came from $4 billion in sales of its COVID-19 vaccine, developed with the University of Oxford.

Despite rising revenue, AstraZeneca reported a pre-tax loss of $265 million due to costs from its purchase of U.S. drug company Alexion Pharmaceuticals and new drug research.

The Anglo-Swedish drugmaker said in November it would begin to take a “modest” profit from the COVID-19 shot, which it had been providing “at cost” — around $2 to $3 —following an agreement with Oxford. Other COVID-19 vaccine producers, such as Pfizer and Moderna, have been booking hefty profits on their shots all along.

Dr Tamara Joffe administer a dose of the AstraZeneca COVID-19 vaccine to Mustafa Field of the Faiths Forum, during a pilot project of pop up vaccination drive called Vaxi Taxi in Kilburn, London, Sunday, Feb. 28, 2021.  (AP Photo/Alastair Grant)

In the three months to September, the company said revenue jumped by about 50%, to a record $9.9 billion. The increase was due to sales of more than $1 billion in COVID-19 vaccines and the inclusion for the first time of some $1.3 billion worth of revenue from its rare disease business unit following the recent acquisition of Alexion.

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AZN ASTRAZENECA PLC 59.24 +2.04 +3.58%

AstraZeneca forecast total group sales to rise by a “high teens percentage” in 2022, but said COVID-19 revenues would decline by a “a low-to-mid twenties percentage.”

Chief executive Pascal Soriot said AstraZeneca had “delivered on our promise of broad and equitable access to our COVID-19 vaccine with 2.5 billion doses released for supply around the world.”

“AstraZeneca continued on its strong growth trajectory in 2021, with industry-leading R&D (research and development) productivity, five of our medicines crossing new blockbuster thresholds, and the acquisition and integration of Alexion,” he said.

Soriot said the company would raise the dividend to shareholders by 10 cents to $2.90, the first increase in a decade.

AstraZeneca shares were trading about 3% higher at 8.62 pounds ($11.68) on the London Stock Exchange on Thursday morning.

Source: AstraZeneca sees $4B in COVID-19 vaccine sales | Fox Business

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Critics:

AstraZeneca (AZN.L) said it would begin to earn a modest profit from its coronavirus vaccine as the world learns to live with the virus and the drugmaker is in talks with several countries about new orders for delivery next year.

AstraZeneca made a commitment to sell the shot developed with Oxford University at cost during the pandemic and in a press conference on Friday said low-income nations would continue to receive the vaccine on a no-profit basis, while a post-pandemic commercial approach would apply to other new orders even as infections in Europe rise again. read more

The Anglo-Swedish company’s third-quarter results showed the vaccine contributed one cent to core earnings per share of $1.08, a rise of 14%. Total product sales jumped 49% to $9.74 billion, as its vaccine sales topped $1 billion.

“We started this project to help … but we also said that at some stage in the future, we will transition to commercial orders,” Chief Executive Pascal Soriot told journalists.”It will never be high priced. Because we want the vaccine to remain affordable to everybody around the world,” he added.

Soriot, a French national, said the virus was becoming endemic, a term for a background level of infections that is part of everyday life.Talks about new orders with undisclosed countries were underway, mainly for delivery next year, with some prospective customers focusing on booster shots, Soriot said.

AstraZeneca unveiled plans this week to set up a separate unit to focus on its coronavirus efforts and other respiratory infections. It said on Friday the unit would independently manage production and distribution. read more

Shares of the FTSE 100 (.FTSE) drugmaker were down 3.4% at about 91.22 pounds at 1209 GMT as overall third-quarter profit fell short of analysts’ expectations.

There were strong performances of core products like kidney disease treatment Farxiga and established asthma drug Symbicort, and from the addition of rare-disease specialist Alexion from July 21, thanks to last year’s $39 billion takeover deal.

However, integration costs related to that deal ate into profits, as did a $1.2 billion writedown for an experimental kidney disease drug AstraZeneca acquired in 2012, with overall expenses also rising on investments into the drug pipeline.

Top selling drug Tagrisso for lung cancer also posted lower-than-expected growth in sales due to price cuts in China. AstraZeneca said a profit boost from the vaccine in the fourth quarter would make up for costs related to its antibody cocktail for preventing and treating COVID-19, as it stuck with its earnings forecast for the year.

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“AstraZeneca > GC Powerlist: Sweden Teams 2019”. http://www.legal500.com. Retrieved 30 December 2020.

UK “will be able to get out of this by the spring”, minister says after regulator approves AstraZeneca vaccine”. CNN. Retrieved 30 December 2020.

AstraZeneca’s COVID-19 vaccine gets the green light in the UK”. biopharma-reporter.com. Retrieved 30 December 2020.

“Registered office and corporate headquarters”. AstraZeneca. Retrieved 27 February 2020.

“A history of AstraZeneca”. pharmaphorum.com. 18 September 2020. Retrieved 31 March 2021.

“Global 500 – Pharmaceuticals”. Fortune. 20 July 2009. Archived from the original on 23 August 2010. Retrieved 19 August 2010.

“Key facts”. AstraZeneca. Archived from the original on 8 September 2010. Retrieved 1 September 2010.

 AstraZeneca to ax 1,600, relocate thousands in global R&D reshuffle”. fiercebiotech.com. FierceBiotech.

“Organizational Portraits – AstraZeneca”. The Pharmaceutical Century: Ten Decades of Drug Discovery. Washington, D.C.: ACS Publications. 17 November 2000. Retrieved 14 July 2008.

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AstraZeneca buys biotech company for £120m The Telegraph, 23 December 2005

AstraZeneca and Astex ally for anticancer agents Business Intelligence, 1 July 2005

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AstraZeneca agrees to buy Arrow Therapeutics for US$150M Marketwatch, 1 February 2007

AstraZeneca seeks a remedy for its patent pain The Telegraph, 21 April 2012

“AstraZeneca to pay $15.2B to purchase rival MedImmune; Deal sees London-based drugmaker take on debt for the first time in order to fill product line”. Bloomberg.

AstraZeneca Buys MedImmune for US$ 15.6 Billion The New York Times, 24 April 2007

“AstraZeneca To Acquire Infection Research Company Novexel And Expand Collaboration With Forest Laboratories”. 23 December 2009. Retrieved 20 February 2015.

“Novexel to be Acquired by AstraZeneca”. Retrieved 20 February 2015.

AstraZeneca to buy Chinese generics firm Healthcare News, 8 December 2011

AstraZeneca and Amgen collaborate on treatments for inflammatory diseases Medcity News, 4 February 2012

AstraZeneca Reaches $1.26 Billion Deal for Ardea Biosciences The New York Times, 23 April 2012

Peacock, Louisa (30 June 2012). “AstraZeneca to pay £2.2bn towards ‘joint venture’ diabetes deal”. The Daily Telegraph. London. Archived from the original on 4 August 2012. Retrieved 1 July 2012.

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