EU seals deal with Pfizer for as many as 1.8 billion vaccine doses

European Commission approved on a new Covid vaccine contract with Pfizer Inc. and BioNTech SE, paving the way for as many as 1.8 billion doses for 2021-2023, President Ursula von der Leyen said Saturday.

The contract is for a guaranteed 900 million shots, with an option for a further 900 million.

The new agreement includes clauses to allow the donation and reselling of doses, according to a diplomatic memo seen by Bloomberg. It also foresees monthly delivery schedules and sanctions for potential delays.

The commission is also in talks with Moderna Inc., Novavax Inc. and Valneva SE for additional shots. Meanwhile, deliveries of