EU, AstraZeneca reach agreement on Covid vaccine supply dispute

By IANS | Published: September 4, 2021 02:18 AM2021-09-04T02:18:03+5:302021-09-04T07:55:21+5:30

Brussels, Sep 4 The European Union (EU) and pharmaceutical company AstraZeneca have reached an agreement after a dispute ...

EU, AstraZeneca reach agreement on Covid vaccine supply dispute | EU, AstraZeneca reach agreement on Covid vaccine supply dispute

EU, AstraZeneca reach agreement on Covid vaccine supply dispute

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Brussels, Sep 4 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.

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.

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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