• Home
  • News
  • Coins2Day 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
COVID-19 vaccines

Why Australia just canceled an order for 51 million doses of a COVID-19 vaccine

By
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Bloomberg
Bloomberg
Down Arrow Button Icon
December 10, 2020, 10:32 PM ET

Australia canceled an order for 51 million doses of a COVID-19 vaccine being developed by CSL Ltd. And the University of Queensland after trials ran into difficulties.

The government said Friday it’s replacing most of the CSL doses with more purchases of other planned vaccines. Australia has ordered an extra 20 million shots being developed by the University of Oxford and AstraZeneca Plc, and 11 million more Novavax Inc. Doses, the government said.

The CSL failure shows that despite the groundbreaking progress by Pfizer Inc. And Moderna Inc. In producing an inoculation, the path to a successful vaccine remains difficult. Australia’s government had already sought to spread that risk by ordering shots from Pfizer and BioNTech SE, Novavax and AstraZeneca.

Even without CSL’s doses, more than 140 million units of vaccines will be available in Australia, Health Minister Greg Hunt said. The country is home to about 26 million people. “This is one of the highest ratios of vaccine purchases and availability to population in the world,” Hunt said. “So we’re in a strong position.”

CSL said it would not progress to phase 2/3 clinical trials. It said a small component of the vaccine comes from the human immunodeficiency virus, or HIV, and while that posed no risk of infection, some trial participants had false positive tests for HIV.

The potential for this to happen was anticipated before the trial, and participants had been pre-warned, CSL said.

“It is generally agreed that significant changes would need to be made to well-established HIV testing procedures in the health-care setting to accommodate rollout of this vaccine,” the company said.

CSL shares fell 3.2% to A$291.78 at 12:37 p.m. In Sydney. The stock is up almost 6% this year.

Vaccines are proving key to reopening the world economy nine months into the worst pandemic in a generation. The U.K. And U.S. Have approved the Pfizer shot, and other countries are scrambling to secure deals and authorize vaccines for public use.

For Australia, yet to sign off on any shot, a widely distributed inoculation would allow the country to ease some of the most restrictive border curbs in the world.

Professor Paul Young from the University of Queensland said that although it was possible to re-engineer the vaccine, the team didn’t have the luxury of time. “Doing so would set back development by another 12 or so months, and while this is a tough decision to take, the urgent need for a vaccine has to be everyone’s priority.”

About the Author
By Bloomberg
See full bioRight Arrow Button Icon
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.