Antibody therapy to prevent coronavirus approved in the UK
Evusheld (tixagevimab/cilgavimab), the coronavirus antibody therapy developed by AstraZeneca (LSE: AZN), has been approved in the UK.
AstraZeneca has already secured US authorization for the long-acting antibody combination, with the US government subsequently ordering additional supplies, for a total of 1.7 million doses, at a value of around a billion dollars.
Unlike rival antibody therapies developed by GlaxoSmithKline (LSE: GSK), Eli Lilly (NYSE: LLY) and Regeneron (Nasdaq: REGN), AstraZeneca’s option is approved for pre-exposure prophylaxis (PrEP), a key differentating factor.
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