AstraZeneca said on Friday its antibody therapy met the main goal of preventing COVID-19 disease in a late-stage study, putting the British drugmaker on track to potentially offer an alternative to vaccines for people with weakened immune systems.
The company said the cocktail of two types of antibodies, initially discovered by Vanderbilt University Medical Center, reduced by 77 percent the risk of developing symptomatic COVID-19, the potentially deadly disease caused by the coronavirus.
Follow our LIVE blog for latest updates of the novel coronavirus pandemic
More than 75 percent of the participants had chronic conditions, including some linked to a diminished immune response to vaccination, it said.
The results mark a change of fortune for the drugmaker, which reported in June that a smaller late-stage trial failed to provide evidence that the antibody cocktail, known for now as AZD7442, protected people who had contact with an infected person from the disease.
The Anglo-Swedish drugmaker, which has faced challenges with the rollout of its COVID-19 vaccine, is also working on repurposing existing drugs to fight the virus.
Follow our full coverage of the coronavirus pandemic here.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.