Coronavirus live news: EU launches legal action against AstraZeneca; new India cases top 300,000 for fifth day

Posted by on April 26, 2021 8:44 am
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Categories: Global Stories

EU launches legal action over vaccine delivery delays; India reports over 350,000 new cases for first time; Greece to lift quarantine restrictions for Australia, Russia and others

1.44pm BST

In a bid to admit more patients in the Philippines’ capital Manila, tents have been turned into Covid-19 emergency rooms at the National Kidney Transplant Institute, a government hospital.

“All in all we waited for almost six hours It’s a long difficult wait,” Covid-19 patient Roel Galan told Reuters, speaking outside a makeshift emergency room.

1.23pm BST

Biotech startup Vaccitech, which owns the technology behind the Covid-19 vaccine developed by AstraZeneca Plc and Oxford University, said on Monday it was aiming for a valuation of up to $613 million in its US initial public offering.

Reuters reports:

The company, which has development programs for conditions including hepatitis B, prostate cancer and non-small cell lung cancer, has raised $216 million to date from Gilead Sciences , Sequoia Capital China and Oxford Sciences Innovation among others.

The UK-based company, spun out of Jenner Institute at the Oxford University in 2016, said it plans to list its American Depositary Shares (ADS) on Nasdaq under the ticker symbol “VACC”.

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