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Home / Business / AstraZeneca records vaccine sales worth $275m

AstraZeneca records vaccine sales worth $275m

It is on track to deliver 200 million doses a month from April, as better-than-expected results and a second half growth forecast boosted its shares
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Our Bureau, Reuters   |   London, New Delhi   |   Published 01.05.21, 02:02 AM

AstraZeneca said its Covid-19 vaccine sales were $275 million in the first-quarter and it is on track to deliver 200 million doses a month from April, as better-than-expected results and a second half growth forecast boosted its shares.

Chief executive Pascal Soriot again defended the vaccine rollout on Friday, saying that Anglo-Swedish drugmaker had not overpromised on its ability to supply shots, as he defended big cuts in deliveries that prompted a EU lawsuit.

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AstraZeneca, which has said it will not make a profit from the shot during the pandemic, was reporting financial details of sales of the vaccine it developed with Oxford University for the first time.

It said the revenue included delivery of about 68 million doses, adding that European sales were $224 million, emerging markets $43 million and $8 million in the rest of the world. Sales of $275 million for 68 million doses equates to a price tag of around $4 per shot.

Walmart support

Walmart on Friday said it is mobilising its global resources to extend support to Covid-19 relief efforts in the country.

Walmart, the Walmart Foundation, Flipkart and PhonePe, along with Walmart’s global technology and sourcing hubs, are collaborating to counter oxygen shortages, support the national vaccination drive and donate to organisations making a difference in communities. This includes a Rs 14.82-crore donation from the Walmart Foundation to support NGOs.

Social media tools

Facebook said it is partnering the Indian government to roll out a vaccine finder tool on its mobile app in India. In this tool, vaccine centre locations and their hours of operations have been provided by the ministry of health and family welfare.

Twitter has set up a Covid-19 SOS page that offers information about those offering or seeking immediate help.

Uber initiative

Uber has unveiled a Rs 18.5-crore plan to get 150,000 drivers on its platform vaccinated over the next six months. Car, auto and Moto drivers on its platform showing valid vaccination certificates would be eligible for a payment of Rs 400 for each of their two shots.

HSBC aid

HSBC India has pledged financial support of Rs 75 crore for Covid-19 relief efforts in India  through on-ground non-profit agencies.

Boeing assistance

Boeing has announced a $10-million emergency assistance package for India, which will be directed towards organisations providing relief, including medical supplies.

Paytm order

Paytm has placed an order for 21,000 oxygen concentrators which will be made available from the first week of May.



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