{"id":293483,"date":"2020-12-11T04:43:20","date_gmt":"2020-12-10T17:43:20","guid":{"rendered":"https:\/\/www.gomarketingteam.com\/articles\/csl-stops-phase-2-3-covid-19-vaccine-trials-australian-govt-cancels-order\/"},"modified":"2021-02-19T12:13:02","modified_gmt":"2021-02-19T01:13:02","slug":"csl-stops-phase-2-3-covid-19-vaccine-trials-australian-govt-cancels-order","status":"publish","type":"post","link":"https:\/\/www.gomarkets.com\/en\/articles\/economic-updates\/csl-stops-phase-2-3-covid-19-vaccine-trials-australian-govt-cancels-order\/","title":{"rendered":"CSL stops phase 2\/3 COVID-19 vaccine trials: Australian Govt cancels order"},"content":{"rendered":"<p><strong>By Deepta Bolaky<\/strong><br \/>\n<img style=\"float: left; width: 20px; padding-top: 4px;\" src=\"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2018\/08\/twitter.png\" \/>\u00a0<a href=\"https:\/\/twitter.com\/DeeptaGOMarkets\">@DeeptaGOMarkets<\/a><\/p>\n<p>CSL, a leading global biotech company headquartered in Melbourne announced its update on its COVID-19 vaccine developed in collaboration with the University of Queensland. The Company revealed while the Phase 1 trial \u201c<strong><em>elicits a robust response<\/em><\/strong>\u201d towards the virus and \u201c<strong><em>has a strong safety profile<\/em><\/strong>\u201d, the molecular clamp antibodies did cause a false positive on a range of HIV assays.<\/p>\n<p>In agreement with the Australian government, the Company also announced that they will not carry forward with Phase 2 and 3 trials and will concentrate on the production of AstraZeneca and University of Oxford vaccine which is yet to pass regulatory approvals.<\/p>\n<p>CSL\u2019s share price tumbled on the open following the COVID-19 vaccine trial updates. As of writing, the Company\u2019s share price has dropped by more than 3% and is currently at around $291.60.<\/p>\n<p><img loading=\"lazy\" class=\"alignnone wp-image-268918\" src=\"https:\/\/www.gomarkets.com\/au\/wp-content\/uploads\/2020\/12\/C-Picture1-300x234.png\" alt=\"\" width=\"481\" height=\"375\" \/><br \/>\nSource: Bloomberg<\/p>\n<p>As one of the Australia\u2019s most valuable companies, a global biotech company which compete on the global stage as one of the largest and fastest-growing protein-based biotechnology businesses and a leading provider of in-licensed vaccine, we do not expect CSL\u2019s profit to be severely affected. CSL also does not anticipate that this announcement will have any impact on previously provided financial guidance for FY2021.<\/p>\n<p>The biotech company has been on a tremendous rally since the last five years which allowed its share price to more than double in that period. In its latest R&amp;D briefing, the Company outlines how the company is advancing a novel research portfolio across four strategic scientific platforms across six therapeutic areas and two businesses (CSL Behring and Seqirus) to help patients lead full lives, protect public health and drive future business growth.<\/p>\n<p><em>(Follow the link for the full statement: <\/em><a href=\"https:\/\/www.csl.com\/news\/2020\/20201020-annual-research-and-development-day-briefing\"><em>https:\/\/www.csl.com\/news\/2020\/20201020-annual-research-and-development-day-briefing<\/em><\/a><em>)<\/em><\/p>\n<p><img loading=\"lazy\" class=\"alignnone wp-image-268919\" src=\"https:\/\/www.gomarkets.com\/au\/wp-content\/uploads\/2020\/12\/c-Picture2-300x240.png\" alt=\"\" width=\"459\" height=\"367\" \/><br \/>\nSource: Bloomberg<\/p>\n<p><strong>By Deepta Bolaky<\/strong><br \/>\n<img style=\"float: left; width: 20px; padding-top: 4px;\" src=\"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2018\/08\/twitter.png\" \/>\u00a0<a href=\"https:\/\/twitter.com\/DeeptaGOMarkets\">@DeeptaGOMarkets<\/a><\/p>\n<p><em>Disclaimer: The articles are from GO Markets analysts, based on their independent analysis or personal experiences. Views or opinions or trading styles expressed are of their own; should not be taken as either representative of or shared by GO Markets. Advice (if any), are of a \u2018general\u2019 nature and not based on your personal objectives, financial situation or needs. You should therefore consider how appropriate the advice (if any) is to your objectives, financial situation and needs, before acting on the advice. If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for that product before making any decisions.<\/em><\/p>\n<p><a href=\"\/forex-education-courses\/\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" class=\"alignnone\" src=\"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2019\/02\/Next-Steps-Blog-Bottom-Banner.jpg\" alt=\"\" width=\"942\" height=\"122\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Deepta Bolaky \u00a0@DeeptaGOMarkets CSL, a leading global biotech company headquartered in Melbourne announced its update on its COVID-19 vaccine developed in collaboration with the University of Queensland. The Company revealed while the Phase 1 trial \u201celicits a robust response\u201d towards the virus and \u201chas a strong safety profile\u201d, the molecular clamp antibodies did cause [&hellip;]<\/p>\n","protected":false},"author":47,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2874],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CSL stops phase 2\/3 COVID-19 vaccine trials: Australian Govt cancels order - GO Markets<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.gomarkets.com\/en\/articles\/economic-updates\/csl-stops-phase-2-3-covid-19-vaccine-trials-australian-govt-cancels-order\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CSL stops phase 2\/3 COVID-19 vaccine trials: Australian Govt cancels order - GO Markets\" \/>\n<meta property=\"og:description\" content=\"By Deepta Bolaky \u00a0@DeeptaGOMarkets CSL, a leading global biotech company headquartered in Melbourne announced its update on its COVID-19 vaccine developed in collaboration with the University of Queensland. The Company revealed while the Phase 1 trial \u201celicits a robust response\u201d towards the virus and \u201chas a strong safety profile\u201d, the molecular clamp antibodies did cause [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.gomarkets.com\/en\/articles\/economic-updates\/csl-stops-phase-2-3-covid-19-vaccine-trials-australian-govt-cancels-order\/\" \/>\n<meta property=\"og:site_name\" content=\"GO Markets\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-10T17:43:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-02-19T01:13:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.gomarkets.com.au\/wp-content\/uploads\/2018\/08\/twitter.png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Karen\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.gomarkets.com\/#website\",\"url\":\"https:\/\/www.gomarkets.com\/\",\"name\":\"GO Markets\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.gomarkets.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.gomarkets.com\/en\/articles\/economic-updates\/csl-stops-phase-2-3-covid-19-vaccine-trials-australian-govt-cancels-order\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2018\/08\/twitter.png\",\"contentUrl\":\"https:\/\/www.gomarkets.com\/wp-content\/uploads\/2018\/08\/twitter.png\",\"width\":26,\"height\":23},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.gomarkets.com\/en\/articles\/economic-updates\/csl-stops-phase-2-3-covid-19-vaccine-trials-australian-govt-cancels-order\/#webpage\",\"url\":\"https:\/\/www.gomarkets.com\/en\/articles\/economic-updates\/csl-stops-phase-2-3-covid-19-vaccine-trials-australian-govt-cancels-order\/\",\"name\":\"CSL stops phase 2\/3 COVID-19 vaccine trials: Australian Govt cancels order - 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