Sunday, December 21, 2025 | 12:48 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

European Union, 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 COVID-19 vaccine.

Coronavirus, vaccine, covid, drugs, Sepsivac, clinical trials

Reuters BRUSSELS

BRUSSELS (Reuters) - 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.

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

 

 

(Reporting by Francesco Guarascio; editing by Jan Harvey and Jason Neely)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 14 2020 | 6:05 PM IST

Explore News