Shionogi sinks in Tokyo trade after panel again delays COVID pill approval - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Shares in Shionogi & Co posted their steepest fall in three months on Thursday after a health ministry panel again delayed emergency approval for the Japanese drug-maker’s oral treatment against COVID-19.

Japanese drug-maker Shionogi's COVID-19 pill Xocova, also known as S-217622, is seen in this handout picture delivered to Reuters on July 20, 2022.Japanese drug-maker Shionogi's COVID-19 pill Xocova, also known as S-217622, is seen in this handout picture delivered to Reuters on July 20, 2022.

Health experts on the panel voted on Wednesday to await more data from ongoing clinical trials and continue discussions on the drug, dealing another blow to Shionogi’s global ambitions for the antiviral pill. The company has signed an agreement to sell about a million doses to the Japanese government, pending the drug’s approval.

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