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ASTRAZENECA

AstraZeneca buys Alzheimer’s drug rights

Anglo-Swedish drugs group AstraZeneca said on Wednesday it had agreed to pay up to 300 million dollars to US peer Targacept for the rights to help develop and market a drug to treat Alzheimer's disease and schizophrenia.

AstraZeneca has signed an exclusive global licensing and research collaboration agreement regarding Targacept’s phase II compound, TC-1734, a statement said. Cognitive disorders are a core strategic area for AstraZeneca.

Under the four-year deal, AstraZeneca will obtain also the global rights for the development and commercialization of any compounds that arise out of the research collaboration.

As part of the agreement, AstraZeneca will initially pay Targacept 10 million dollars. Following successful commercialization of TC-1734, Targacept could receive about 300 million dollars from AstraZeneca in fees and royalties, the statement added.

“AstraZeneca is committed to developing innovative therapies in the areas of unmet need in Alzheimer’s disease, Schizophrenia and other cognitive disorders,” said Bob Holland, AstraZeneca’s vice president of neuroscience.

AFP

NORWAY

Norway to send 200,000 AstraZeneca doses to Sweden and Iceland

Norway, which has suspended the use of AstraZeneca's Covid vaccine until further notice, will send 216,000 doses to Sweden and Iceland at their request, the Norwegian health ministry said Thursday.

Norway to send 200,000 AstraZeneca doses to Sweden and Iceland
Empty vials of the AstraZeneca vaccine. (Photo by GABRIEL BOUYS / AFP)

“I’m happy that the vaccines we have in stock can be put to use even if the AstraZeneca vaccine has been paused in Norway,” Health Minister Bent Høie said in a statement.

The 216,000 doses, which are currently stored in Norwegian fridges, have to be used before their expiry dates in June and July.

Sweden will receive 200,000 shots and Iceland 16,000 under the expectation they will return the favour at some point. 

“If we do resume the use of the AstraZeneca vaccine, we will get the doses back as soon as we ask,” Høie said.

Like neighbouring Denmark, Norway suspended the use of the AstraZeneca jab on March 11 in order to examine rare but potentially severe side effects, including blood clots.

Among the 134,000 AstraZeneca shots administered in Norway before the suspension, five cases of severe thrombosis, including three fatal ones, had been registered among relatively young people in otherwise good health. One other person died of a brain haemorrhage.

On April 15, Norway’s government ignored a recommendation from the Institute of Public Health to drop the AstraZeneca jab for good, saying it wanted more time to decide.

READ MORE: Norway delays final decision on withdrawal of AstraZeneca vaccine 

The government has therefore set up a committee of Norwegian and international experts tasked with studying all of the risks linked to the AstraZeneca and Johnson & Johnson vaccines, which is also suspected of causing blood clots.

Both are both based on adenovirus vector technology. Denmark is the only European country to have dropped the AstraZeneca
vaccine from its vaccination campaign, and said on Tuesday it would “lend” 55,000 doses to the neighbouring German state of Schleswig-Holstein.

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