AstraZeneca’s coronavirus vaccine setback shows why Big Pharma prefers to be safe than sorry. Which is good news

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AstraZeneca’s setback is just one example of the type of news that could dampen vaccine hopes in the next few months. With the approaching election, the pharmaceutical companies want to ensure that politics won’t interfere with science — and safety.

AstraZeneca, the U.K.-based pharmaceuticals giant, said on Tuesday that it would pause the clinical trial of the coronavirus vaccine it is developing with the University of Oxford after a British subject became ill. The decision will affect the so-called Phase 3 trials the company just started by enrolling 30,000 volunteers in the U.S., after recruiting 10,000 subjects in the U.K. over the summer.

- The U.K. company’s shares fell more than 1% Wednesday on the news, in generally positive European markets as measured by the Stoxx 600 SXXP, +1.62% index. Read:AstraZeneca stock falls as drugmaker pauses vaccine trial after volunteer’s ‘unexplained illness’ - Big Pharma’s unusual statement comes amid concerns that the Trump administration may try to push one or more COVID-19 vaccines through the approval process, such as by granting an emergency-use authorization sooner than science might dictate, in order to gain an advantage in the presidential election.

 

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