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AstraZeneca Vaccine Safe to Use, EU Says

Published 18/03/2021, 17:24
© Reuters
AZN
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By Yasin Ebrahim

Investing.com - AztraZeneca moved off session lows Thursday after the European Medical Agency's safety committee found the company's vac­cine to be “safe and ef­fec­tive in pre­vent­ing Covid-19, and its ben­e­fits out­weigh its risk."

The health watchdog said the ben­e­fits of us­ing As­tra­Zeneca's vaccine out­weigh the po­ten­tial risks, and recommended that countries proceed with vaccinations.

AstraZeneca PLC ADR (NASDAQ:AZN) dipped 0.57%, to $49.79.

The positive news on the vaccine front comes just as the reopening gathers pace. The White House is looking to relax restrictions on travel across the borders with Mexico and Canada and on inbound international travel from the U.K., Europe and Brazil, toward the middle of May, CNBC reported, citing two sources familiar with the matter.

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