AstraZeneca (AZN) -Oxford Vaccine Prevents 79% of Covid Cases, US Data Show

refers to the Astra vaccine with 79% effectiveness in the USA, does not present safety problems

Photographer: Zoltan Mathe / AFP / Getty Images

The AstraZeneca Plc coronavirus vaccine fared better than expected in a clinical trial in the United States, providing assurances about its safety and efficacy.

The injection developed with the University of Oxford was 79% effective in preventing Covid-19, and an independent monitoring board found no safety concerns, the company said Monday. The shot also protected all immunized people from serious illness and death in a study of more than 30,000 volunteers.

The results should increase confidence in the product after confusion about its true effectiveness and the best affected dosing regimen. The vaccine faced several setbacks, most recently about supply problems and possible side effects. Even after European Medicines Agency declared that it is safe last Thursday, not all countries in the European Union resumed vaccination under the concern of reports of blood clots.

“The effectiveness is better than we expected,” wrote Peter Welford, an analyst at Jefferies, in a note to customers. “It is important to note that, after recent security concerns largely unfounded in Europe, the study confirms the security profile.”

Read more: EU regulator considers Astra safe, but recommends warning label

Astra’s shares rose up to 1.2% in the London trades.

A deficit in deliveries to the EU has put Astra is in conflict with the bloc and has led authorities to oppose the region’s bullet exports while seeking to hold the company accountable.

Read more: Vaccine battle heats up with EU ready to halt UK remittances

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