EU, AstraZeneca reach agreement on Covid vaccine supply dispute


Brussels, Sep 4 (IANS): The European Union (EU) and pharmaceutical company AstraZeneca have reached an agreement after a dispute on Covid-19 vaccine delivery schedules, announced a spokesperson here on Friday.

The settlement will ensure the delivery of the remaining vaccine doses still due to EU member states, and put an end to a lawsuit that the EU had launched against the pharmaceutical company before the Brussels Court, explained European Commission Spokesperson for Health Stefan De Keersmaecker, Xinhua reported.

By the end of the third quarter, 60 million doses will be delivered, and 75 million more by the end of the fourth quarter. Another delivery of 65 million doses is scheduled before the end of March 2022.

The company had already delivered 100 million doses to EU member states by the end of the second quarter of 2021.

The settlement provides a "firm commitment" by the company to honour the delivery schedule, and includes a capped rebate system in case it falls behind once again.

The rebate will be 10 per cent for a one-month delay, 25 per cent for two months, and 40 per cent for three months or more, De Keersmaecker said.

The agreement comes as the EU has reached a milestone in its COVID-19 vaccination campaign, with 70 percent of its adult population fully vaccinated as of August 31.

 

  

Top Stories


Leave a Comment

Title: EU, AstraZeneca reach agreement on Covid vaccine supply dispute



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.