European Union cautions pharma giants of strict export rules amid COVID-19 vaccine delays

Published On 2021-01-27 05:30 GMT | Update On 2021-01-27 05:30 GMT

Brussels: The European Union on Tuesday warned pharmaceutical giants that have developed coronavirus vaccines with EU aid that it must get its shots on schedule, a day after the bloc threatened to impose export controls on vaccines produced within its borders. The EU made it very clear that it is bent on getting all doses as quickly as their contracts provide for at a time when infections are surging, many hospitals are overwhelmed, and many of the 27 members states are struggling to get their vaccine rollout going at top speed.

The hardening of its position came days after it accused AstraZeneca of failing to guarantee the delivery of coronavirus vaccines without a valid explanation. It also had expressed displeasure over vaccine delivery delays from Pfizer-BioNTech. The Pfizer vaccine is already being rolled out in the EU, and the AstraZeneca one is expected to be approved this week.

"Europe invested billions to help develop the world's first Covid-19 vaccines," EU Commission President Ursula von der Leyen told the World Economic Forum's virtual event in Switzerland. "And now, the companies must deliver. They must honor their obligations." The EU, which invested € 2.7 billion in vaccine research and production for the drug companies, "means business", she added, reflecting the heavy pressure EU nations are under to roll out vaccines.

In a sign of concern that pharma groups might be selling the earmarked doses to higher bidders outside the bloc, Von der Leyen said, "We will set up a vaccine export transparency mechanism to ensure the firms meet their contractual obligations." Though the bloc says it's not exactly an export ban, critics say it could lead to it while the EU gets its allotment. Both AstraZeneca and Pfizer have vaccines made in the EU. The EU has committed to buying 300 million AstraZeneca doses with option on 100 million extra shots. Late last week, the firm said it was planning to reduce a first contingent of 80 million to 31 million. Pfizer said it was delaying deliveries to Europe and Canada while it upgrades its plant in Belgium to increase output.

Article Source : AP

Disclaimer: This website is primarily for healthcare professionals. The content here does not replace medical advice and should not be used as medical, diagnostic, endorsement, treatment, or prescription advice. Medical science evolves rapidly, and we strive to keep our information current. If you find any discrepancies, please contact us at corrections@medicaldialogues.in. Read our Correction Policy here. Nothing here should be used as a substitute for medical advice, diagnosis, or treatment. We do not endorse any healthcare advice that contradicts a physician's guidance. Use of this site is subject to our Terms of Use, Privacy Policy, and Advertisement Policy. For more details, read our Full Disclaimer here.

NOTE: Join us in combating medical misinformation. If you encounter a questionable health, medical, or medical education claim, email us at factcheck@medicaldialogues.in for evaluation.

Ruchika Sharma

Ruchika Sharma joined Medical Dialogue as an Correspondent for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751

Comments Policy

Our comments section is governed by our Comments Policy . By posting comments at Medical Dialogues you automatically agree with our Comments Policy , Terms And Conditions and Privacy Policy .

European Union cautions pharma giants of strict export rules amid COVID-19 vaccine delays

Similar News

CDSCO Criminal Prosecution Against IndiaMART Put on Hold by Delhi HC Till Sept 17

Novo Nordisk Gets CDSCO Panel Nod for Rybelsus Label Update, Aligned with EMA

NPPA Updates Ceiling Price Applicability for Ringer Lactate Non-Glass Packs, Details

CDSCO Eases Rules for Biopharma Research, Will Accept Lab Biosafety Committee Approvals

41 Pharmacies in Delhi Caught Illegally Selling Abortion Pills Mifepristone, Misoprostol

Visakhapatnam Pharma Plant Gas Leak Claims Chemist's Life, CITU Alleges Negligence

Torrent Pharma to acquire 26% stake in Torrent Urja 27 for captive renewable power project

Sanofi Tzield approved in China for adult, pediatric patients with stage 2 type 1 diabetes