China Approves AstraZeneca-Sanofi's Respiratory Syncytial Virus Drug To Prevent Infection In Infants
Portfolio Pulse from Vandana Singh
China's National Medical Products Administration has approved AstraZeneca (AZN) and Sanofi's (SNY) Beyfortus, a drug for preventing respiratory syncytial virus (RSV) in infants. Beyfortus, a long-acting monoclonal antibody, is the first approved RSV prevention for a broad infant population and will be available for the 2024-2025 RSV season. The approval follows successful late-stage trials and previous approvals in the EU and by the FDA. AZN shares are down in premarket trading, while SNY's last close was at $49.73.
January 02, 2024 | 12:53 pm
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AstraZeneca's Beyfortus, co-developed with Sanofi, receives approval in China for RSV prevention in infants. The stock is down 0.85 in premarket trading.
The approval of Beyfortus in China is a significant regulatory milestone for AstraZeneca, potentially opening up a large market. However, the short-term impact is negative as the premarket trading shows a slight decline in AZN's stock price, which could be due to various market factors or investor expectations.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Sanofi's collaboration with AstraZeneca, Beyfortus, has been approved in China for RSV prevention in infants. SNY's stock closed at $49.73 on the last trading day.
Sanofi's partnership with AstraZeneca on Beyfortus could be a positive development for the company, expanding its product portfolio. The stock's short-term impact is neutral as there is no immediate price action reported, but the approval could be favorable for future performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80