On Sunday Telegraph Reported That AstraZeneca Admits For First Time In Court Documents Its Covid Vaccine Can Cause Rare Side Effect, The Company Is Being Sued In Class Action Over Claims Its Vaccine Caused Death And Serious Injury In Dozens Of Cases
Portfolio Pulse from Benzinga Newsdesk
AstraZeneca has acknowledged in court documents for the first time that its COVID-19 vaccine can cause rare side effects. The company faces a class action lawsuit alleging that its vaccine led to death and serious injuries in dozens of cases.
April 29, 2024 | 11:44 am
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AstraZeneca's admission in court about the rare side effects of its COVID-19 vaccine could impact its stock due to potential financial and reputational damage.
The admission by AstraZeneca regarding the rare side effects of its COVID-19 vaccine, coupled with the ongoing class action lawsuit, could lead to financial liabilities from settlements or judgments. Additionally, this situation may harm the company's reputation, potentially affecting its stock price negatively in the short term due to investor concerns over the financial and reputational implications.
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