AstraZeneca Pauses COVID-19 Vaccine Trial

Trial on Hold Due to an Unexplained Illness

AstraZeneca PLC (AZN) announced that it is putting its clinical trial of a COVID-19 vaccine on hold. A volunteer from the company’s UK study developed an unexplained illness, so an independent committee is beginning a safety review. It is not yet clear how long the pause will last.

AstraZeneca, which licensed the vaccine from researchers at the University of Oxford, has emphasized that this is a routine protocol which happens often during clinical trials. However, the shot was one of the most advanced candidates so far, and some see this pause in its trial as a setback.

Investors’ Response

AstraZeneca said it will deliver more than 2 billion doses of its vaccine, and made deals to sell the shot to the US, the UK, and other countries. It also put together plans for delivering the vaccine to low and middle-income countries.

The company said it is doing all it can to move forward with the safety review so this pause has a minimal impact on delivery of the vaccine. Oxford University came out with a similar statement.

Investors did not seem overly concerned about the announcement. AstraZeneca shares were down less than 1% in London yesterday morning when news about the paused trial broke.

Safety First

Earlier this week, AstraZeneca and eight other companies in the race for a COVID-19 vaccine, including Moderna (MRNA) and Pfizer (PFE), signed a joint vaccine testing safety pledge. The companies promised to put the safety of trial participants first, and not to seek premature government approval for their vaccines before they are ready.

While some are disappointed about AstraZeneca’s announcement, others see it as a comforting sign that vaccine makers are sticking to their commitment to safety.

Please understand that this information provided is general in nature and shouldn’t be construed as a recommendation or solicitation of any products offered by SoFi’s affiliates and subsidiaries. In addition, this information is by no means meant to provide investment or financial advice, nor is it intended to serve as the basis for any investment decision or recommendation to buy or sell any asset. Keep in mind that investing involves risk, and past performance of an asset never guarantees future results or returns. It’s important for investors to consider their specific financial needs, goals, and risk profile before making an investment decision.
The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. These links are provided for informational purposes and should not be viewed as an endorsement. No brands or products mentioned are affiliated with SoFi, nor do they endorse or sponsor this content.
Communication of SoFi Wealth LLC an SEC Registered Investment Advisor
SoFi isn’t recommending and is not affiliated with the brands or companies displayed. Brands displayed neither endorse or sponsor this article. Third party trademarks and service marks referenced are property of their respective owners.

All your finances.
All in one app.

SoFi QR code, Download now, scan this with your phone’s camera

All your finances.
All in one app.

App Store rating

SoFi iOS App, Download on the App Store SoFi Android App, Get it on Google Play

ABOUT SoFi SoFi helps people achieve financial independence to realize their ambitions. Our products for borrowing, saving, spending, investing, and protecting give our more than one million members fast access to tools to get their money right. SoFi membership comes with the key essentials for getting ahead, including career advisors and connection to a thriving community of like-minded, ambitious people. For more information, visit Want an easy and convenient way to manage your financial life? Get the SoFi app. For iOS and Android.

TLS 1.2 Encrypted
Equal Housing Lender