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

    npsnps19 August 2020
    — 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

    Parmelin - von der Leyen - Photo by Dati Bendo © European Union 2026

    EU and Switzerland strengthen ties with package of agreements

    Woman business manager - Photo by LinkedIn Sales Solutions on Unsplash

    35 pct of managerial positions in EU held by women

    EU agenda - Image by Andreas Lischka from Pixabay

    EU Agenda: Week Ahead – 16-21 February 2026

    Euro coins and notes - Photo by Pixabay

    Eurozone Economic Calendar

    Trade port cargo - Image by Pexels from Pixabay

    EU-Mercosur: provisional application, undemocratic precedent

    Sponsor: Friends of the Earth Europe27 February 2026
    Firearms - Photo by Bro Takes Photos on Unsplash

    EU takes aim at trafficking of illicit firearms

    LATEST EU NEWS
    Parmelin - von der Leyen - Photo by Dati Bendo © European Union 2026

    EU and Switzerland strengthen ties with package of agreements

    2 March 2026
    Woman business manager - Photo by LinkedIn Sales Solutions on Unsplash

    35 pct of managerial positions in EU held by women

    2 March 2026
    Firearms - Photo by Bro Takes Photos on Unsplash

    EU takes aim at trafficking of illicit firearms

    27 February 2026
    Company board meeting - Image by Tung Lam from Pixabay

    EU Parliament backs simplified rules for new mid-cap category companies

    26 February 2026
    Electric car charging - Photo by CHUTTERSNAP on Unsplash

    EU Council approves new requirements for car chargers

    26 February 2026

    Subscribe to EUbusiness Week

    Get the latest EU news

    CONTACT INFO

    • EUbusiness, 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 2026

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

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?