Close Menu
    Latest Category
    • Finance
    • Tech
    • EU Law
    • Energy
    • About
    • Contact
    EUbusiness.com | EU news, business and politicsEUbusiness.com | EU news, business and politics
    Login
    • EU News
    • Focus
    • Guides
    • Press
    • Jobs
    • Events
    • Directory
    EUbusiness.com | EU news, business and politicsEUbusiness.com | EU news, business and politics
    Home » Brussels reaches 1st agreement on potential COVID-19 vaccine

    Brussels reaches 1st agreement on potential COVID-19 vaccine

    npsBy nps19 August 2020 No Comments2 Mins Read
    — Filed under: EU News Headline2 Health Pharmaceuticals
    Share
    Facebook Twitter LinkedIn Pinterest Email
    Brussels reaches 1st agreement on potential COVID-19 vaccine

    Photo © European Union

    (BRUSSELS) – The EU Commission reached first agreement with pharmaceutical company AstraZeneca Friday to buy a potential vaccine against COVID-19 as well as to donate to lower and middle income countries.

    This follows positive steps regarding conclusion of exploratory talks with Sanofi-GSK announced on 31 July and with Johnson & Johnson on 13 August.

    Once the vaccine has proven to be safe and effective against COVID-19, the Commission says it has agreed the basis for a contractual framework for the purchase of 300 million doses of the AstraZeneca vaccine, with an option to purchase 100 million more, on behalf of EU Member States. The Commission continues discussing similar agreements with other vaccine manufacturers.

    The Health Commissioner Stella Kyriakides said:”Today, after weeks of negotiations, we have the first EU advance purchase agreement for a vaccine candidate. I would like to thank AstraZeneca for its constructive engagement on this important agreement for our citizens. We will continue to work tirelessly to bring more candidates into a broad EU vaccines portfolio. A safe and effective vaccine remains the surest exit strategy to protect our citizens and the rest of the world from the coronavirus.”

    The agreement is to be financed with the EU’s ‘Emergency Support Instrument’, which has funds dedicated to the creation of a portfolio of potential vaccines with different profiles and produced by different companies.

    AstraZeneca’s vaccine candidate is already in large-scale Phase II/III Clinical Trials after promising results in Phase I/II concerning safety and immunogenicity.

    The decision to support the vaccine proposed by AstraZeneca is based on a sound scientific approach and the technology used (a non-replicative recombinant chimpanzee adenovirus-based vaccine ChAdOx1), speed at delivery at scale, cost, risk sharing, liability and the production capacity able to supply the whole of the EU, among others.

    The EU executive says its regulatory processes ‘will be flexible but remain robust’. Together with the Member States and the European Medicines Agency, the Commission will use existing flexibilities in the EU’s regulatory framework to accelerate the authorisation and availability of successful vaccines against COVID-19. This includes an accelerated procedure for authorisation and flexibility in relation to labelling and packaging.

    EU Vaccines Strategy

    Add A Comment
    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    nps
    • Website

    Related Content

    Disabled person on wheelchair - Photo by Marcus Aurelius on Pexels

    Commission consults on Strategy for Rights of Persons with Disabilities

    Euro - ECB-Photo by Mika Baumeister on Unsplash

    Markets look to latest eurozone economic growth projections – Euro currency news daily

    Sustainable finance - Image by Nattanan Kanchanaprat from Pixabay

    Corporate sustainability: European Parliament votes to turn its back on climate and nature 

    Sponsor: WWF13 November 2025
    ETF logo

    Policy Officer for EWCs and Company Policy, European Transport Workers’ Federation, ETF

    Student lecture - Photo by Airam Dato on Pexels

    EU issues calls for over EUR 5 billion funding for skills under Erasmus+ 2026

    Google search - Photo by cottonbro studio on Pexels

    Brussels opens probe into Google ‘demoting’ some publishers in search results

    LATEST EU NEWS
    Disabled person on wheelchair - Photo by Marcus Aurelius on Pexels

    Commission consults on Strategy for Rights of Persons with Disabilities

    14 November 2025
    Euro - ECB-Photo by Mika Baumeister on Unsplash

    Markets look to latest eurozone economic growth projections – Euro currency news daily

    14 November 2025
    Student lecture - Photo by Airam Dato on Pexels

    EU issues calls for over EUR 5 billion funding for skills under Erasmus+ 2026

    13 November 2025
    Google search - Photo by cottonbro studio on Pexels

    Brussels opens probe into Google ‘demoting’ some publishers in search results

    13 November 2025
    Red Bull - Image by Noel from Pixabay

    EU Commission opens antitrust probe into Red Bull

    13 November 2025

    Subscribe to EUbusiness Week

    Get the latest EU news

    CONTACT INFO

    • EUbusiness Ltd 117 High Street, Chesham Buckinghamshire, HP5 1DE United Kingdom
    • +44(0)20 8058 8232
    • service@eubusiness.com

    INFORMATION

    • About Us
    • Advertising
    • Contact Info

    Services

    • Privacy Policy
    • Terms
    • EU News

    SOCIAL MEDIA

    Facebook
    eubusiness.com © EUbusiness Ltd 2025

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?