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Company News

U.S. signs agreement with AstraZeneca to develop COVID-19 antibody treatment

Oct 9 (Reuters) - U.S. Department of Health and Human Services on Friday signed an agreement with AstraZeneca Plc for development and supply of the company’s COVID-19 antibody treatment, a cocktail of two monoclonal antibodies - similar class of drugs that was administered to President Donald Trump.

The agency will provide nearly $486 million to AstraZeneca for two Phase 3 clinical trials as well as a large-scale manufacturing demonstration project and supply of AZD7442 doses in the United States. (Reporting by Ankur Banerjee in Bengaluru; Editing by Anil D’Silva)

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