Moneycontrol Pro Panorama | Oops!...AstraZeneca does it again

In today’s edition of Moneycontrol Pro Panorama: talking Turkey about monetary policy, Barbeque Nation’s IPO, Pimco’s shyness to invest in Adani, a manufacturing renaissance, and more.

March 24, 2021 / 15:11 IST
Story continues below Advertisement
Vaccine hesitancy has been a problem in countries across the world, and such episodes make it worse.
Vaccine hesitancy has been a problem in countries across the world, and such episodes make it worse.

Dear Reader,

The Panorama newsletter is sent to Moneycontrol Pro subscribers on market days. It offers easy access to stories published on Moneycontrol Pro and gives a little extra by setting out a context or an event or trend that investors should keep track of.

Story continues below Advertisement

AstraZeneca is in the news for the wrong reasons again. On March 22, the company said its US phase III trials for its vaccine against COVID-19 had shown, based on interim safety and efficacy analysis, a 79percent efficacy against preventing symptomatic disease and a 100percent efficacy against severe disease and hospitalisation.

A 79percent efficacy was a solid number even if not as high as some of the other vaccines developed in the US and Europe. The safety board concluded that no safety concerns were identified and they did a specific study that showed no risks of clots. This was the reason a few European countries had halted using the AZ vaccine to examine why some patients developed clots that appeared after vaccination. AZ also said it will ask the US Food and Drug Administration to grant it emergency use authorisation for the vaccine in the coming weeks.

COVID-19 Vaccine
Frequently Asked Questions

View more

How does a vaccine work?

A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine.

How many types of vaccines are there?

There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine.

What does it take to develop a vaccine of this kind?

Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time.
View more
+ Show