EU Is About to Sign Record Deal with Pfizer for Vaccines

World » EU | April 23, 2021, Friday // 23:48
Bulgaria: EU Is About to Sign Record Deal with Pfizer for Vaccines

The European Commission said it expects to sign the world’s biggest vaccine supply deal within days, securing up to 1.8 billion doses of Pfizer’s (PFE.N) COVID-19 vaccine for the next few years as a debate rages over unfair access to shots for the world’s poorest people.

The vaccines from the U.S. drug producer and its German partner BioNTech would be delivered over 2021-2023, Commission President Ursula von der Leyen said during a visit to Pfizer's vaccine plant in Puurs, Belgium.

The agreement, which is to include 900 million optional doses, would be enough to inoculate the 450 million EU population for two years and comes as the bloc seeks to shore up long-term supplies. read more

This is the third contract to be agreed by the bloc with the two companies, which have already committed to supplying 600 million shots of the two-dose vaccine this year under two previous contracts. Brussels is aiming to inoculate at least 70% of EU adults by the end of July.

 The move comes as the Commission looks to cut ties with AstraZeneca after the drugmaker slashed its delivery targets due to production problems. On Friday it was moving closer to take legal action against the British-Swedish pharmaceutical company.

An EU official said the supply deal with Pfizer was agreed in principle but that both sides needed a few days to iron out final terms.

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