You are here: Home » Current Affairs » Coronavirus » News
Business Standard

European Union in talks to secure Sanofi deal for coronavirus vaccine

Armed with an emergency fund of more than 2 billion euros (1.80 billion pounds), the European Commission wants to strike deals with up to six drug makers for their vaccines

Topics
Coronavirus Vaccine | Sanofi  | Coronavirus

Reuters  |  Brussels 

French multinational pharmaceutical company SANOFI logo is seen at the headquarters in Paris
The Commission said the aim of the talks with Sanofi was to clinch an advance purchase deal.

SA and GlaxoSmithKline Plc on Friday said they were in advanced discussions to supply up to 300 million doses of an experimental Covid-19 vaccine for the 27-country

Armed with an emergency fund of more than 2 billion euros (£1.80 billion), the European Commission wants to strike deals with up to six drugmakers for their vaccines for their 450 million citizens against the that has killed 674,000 people worldwide.

The Commission said the aim of the talks with was to clinch an advance purchase deal.

"The envisaged contract with would provide for an option for all EU Member States to purchase the vaccine," the Commission said in a statement.

ALSO READ: Coronavirus LIVE: India records worst single-day jump of 57,118 cases

"It is envisaged that, once a vaccine has proven to be safe and effective against Covid-19, the Commission would have a contractual framework in place for the purchase of 300 million doses, on behalf of all EU member states."

A Commission spokesman said he could not comment on when a deal would be announced and the possible price for the vaccine, calling it a quite promising step towards an eventual agreement.

Sanofi is working on two vaccine projects including one in partnership with GlaxoSmithKline.

The companies said the doses would be manufactured in European countries including France, Belgium, Germany and Italy.

Sanofi is leading the clinical development of the vaccine and expects to start a trial by the end of this year.

Earlier this week, EU talks with Sanofi, Pfizer and Johnson & Johnson hit an impasse over price, payment method and potential liability costs, EU officials told Reuters.

Other pharmaceutical companies talking to the EU include France's Valneva, Moderna and biotech firms BioNTech and Germany's CureVac.

First Published: Sat, August 01 2020. 10:32 IST
RECOMMENDED FOR YOU