AstraZeneca: Will release over 2 million doses a week to UK very shortly

Eren Sengezer FXStreet

Tom Keith-Roach, president of AstraZeneca UK, said on Wednesday that they are scaling up to release over 2 million doses of their coronavirus vaccine in the UK very shortly, as reported by Reuters.

Additional takeaways

"Production of vaccine is 3-4 month process."

"We can give high visibility on supply timetable through to the end of Q1 this year."

"Hope to be 2 million doses a week on or before mid-February."

"Process optimisation may make more than 2 million doses a week for UK possible, but can't commit to that."

"COVID outbreaks are hindering vaccine development workforce."

"We have requested that vaccine developers and trial staff are prioritised for receiving a shot."

Market reaction

The UK's FTSE pared its earlier losses after these remarks and was last seen posting small gains at 6,756.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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