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BioNTech , Pfizer propose EU pays half for each cancelled COVID dose: Report

Ruchika SharmaWritten by Ruchika Sharma Published On 2023-05-01T14:15:16+05:30  |  Updated On 1 May 2023 2:15 PM IST
BioNTech , Pfizer propose EU pays half for each cancelled COVID dose: Report
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Bengaluru: Pfizer Inc and BioNTech's new proposal to the European Union, amid a glut of COVID-19 shots, includes a provision for member states to pay half price, or about 10 euros ($11), for each of about 70 million cancelled doses, the Financial Times reported on Sunday.

The revised contract would allow the EU to upgrade to newer vaccines tailored to any future COVID-19 variants, the report added, citing people close to negotiations.
In January, Reuters reported talks between the EU and the two drugmakers aimed at reducing up to 500 million COVID-19 vaccine doses Brussels has committed to buy this year in return for a higher price.
Read also: USFDA authorizes second Omicron-updated COVID booster for older adults
The move comes as the bloc plans to revamp laws governing the $148 billion pharmaceuticals industry in the hope of reviving investment and boosting access to affordable drugs at a time when health budgets are drained by the costs of treating COVID-19.
Pfizer declined to comment on the FT report but said discussions had been conducted 'in good faith by all parties' while partner BioNTech and the European Medicines Agency (EMA) did not respond to Reuters' requests for comments.
Read also: Pfizer gets USFDA approval for 20-valent Pneumococcal Conjugate Vaccine PREVNAR 20 for infants, children










pfizerBioNTechBioNTech newspfizer newsCOVID 19coronaviruscoronavirus vaccine
Source : Reuters
Ruchika Sharma
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

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