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AstraZeneca to take profits from Covid vaccine sales

Pharma group to move away from non-profit model used during pandemic

AstraZeneca has signed its first for-profit deals for its Covid-19 vaccine, moving away from the completely non-profit model that it used during the pandemic.

The Anglo-Swedish drugmaker is now expecting to transition the vaccine to “modest profitability” as new orders are received. The shot, developed with the University of Oxford, will remain non-profit for developing countries.

The move comes after AstraZeneca announced it was creating a vaccine and immune therapies unit, to bring together its Covid-19 products and its other treatments for viral respiratory illnesses.

https://www.ft.com/content/cae4eb5f-...c-6fd3afe352ab