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EU, AstraZeneca agree bloc's first COVID-19 vaccine deal

EU, AstraZeneca agree bloc's first COVID-19 vaccine deal

The European Commission said on Friday it had reached a deal with British pharmaceutical firm AstraZeneca for the purchase of at least 300 million doses of its potential COVID19 vaccine.

  • Reuters
  • Last Updated: August 14, 2020, 4:16 PM IST
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BRUSSELS The European Commission said on Friday it had reached a deal with British pharmaceutical firm AstraZeneca for the purchase of at least 300 million doses of its potential COVID-19 vaccine.

The EU’s executive arm, which is negotiating on behalf of the 27 EU states, said the deal included an option to purchase 100 million additional doses should the vaccine prove safe and effective.

The agreement marks the EU’s first advance purchase deal for a potential vaccine against the new coronavirus.

“Today, after weeks of negotiations, we have the first EU Advance Purchase Agreement for a vaccine candidate,” EU health commissioner Stella Kyriakides said in a statement.

It follows an initial deal with AstraZeneca reached in June by Europe’s Inclusive Vaccines Alliance (IVA), a group formed by France, Germany, Italy and the Netherlands to secure vaccine doses for all member states.

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The Commission did not disclose the terms of the new deal nor say whether conditions agreed earlier had been modified.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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  • First Published: August 14, 2020, 4:16 PM IST
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