Under the expanded deal, AstraZeneca's will have access to Oxford Biomedica's Oxbox manufacturing facility to produce its shot on an as-needed basis beyond 2022. Britains Oxford Biomedica said on Friday it had signed a new three-year agreement to potentially make AstraZeneca's COVID-19 vaccine beyond 2022, but no volumes were defined in an indication of waning demand for the shot. Cell and gene therapy firm Oxford Biomedica said in April that it had manufactured more than 100 million doses of AstraZeneca's vaccine since their partnership began in September 2020. Commitments under the deal are scheduled to end this year. Under the expanded deal, AstraZeneca's will have access to Oxford Biomedica's Oxbox While it is positive that AZ wanted a longer-term relationship with OXB, and that uncertainty is now diminished, we had expected a bigger deal," RBC analysts said in a note. Oxford Biomedica expects to record about 30 million pounds ($36.4 million) in revenue from the original contract in the current year. ($1 = 0.8241 pounds)
Sick and tired of always wondering if you are being asked to pay the right price for your APIs? This empowers you with the answers you need to make the right decisions in the Global API market.
Chemxpert Database is one of the biggest and most comprehensive directories of pharma and chemicals, manufacturers, suppliers and information. Provided with current information on prices, demand and transactions, it gives you instant feedback on whether you are buying what is right and at the right time.
Start using market intelligence today and allow yourself to be in control in the API market.
Check it out today and make more informed sourcing decisions! Learn More!