By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > News > EU in talks with Moderna over new vaccine supply deal
News

EU in talks with Moderna over new vaccine supply deal

News Room
Last updated: 2023/09/26 at 8:52 AM
By News Room
Share
3 Min Read
SHARE

Receive free Covid-19 vaccines updates

We’ll send you a myFT Daily Digest email rounding up the latest Covid-19 vaccines news every morning.

Brussels is negotiating a new Covid-19 vaccine procurement deal with US drugmaker Moderna as EU health authorities grow concerned about a rise in coronavirus infections.

The deal is being negotiated between Brussels and the biotechnology group, two people familiar with the matter said, with member states able to confirm their interest on an individual basis.

At least eight EU countries were interested in opting into a new supply deal, one of the people said, adding that the contract was specifically for messenger ribonucleic acid-based Covid-19 vaccines. BioNTech/Pfizer, the other manufacturer of mRNA jabs, already has a multiyear deal with the EU.

The contract would cover the provision of jabs until 2026, the person added. Its terms would allow national health authorities to decide which formulations of the vaccine to procure each season. As winter approaches. vaccine makers have been updating their jabs so that they can handle highly mutated subvariants of Omicron, the current dominant strain.

Moderna said such an agreement would be “the fastest way to procure Covid-19 vaccines for member-state use”.

“With vaccination campaigns set to start in October, time is of the essence for the European Commission to ensure a diversified supply of Covid-19 vaccines,” it said, adding that Moderna’s updated Covid vaccine was approved for use in the EU and ready to be supplied.

The commission and the Health Emergency and Response Authority, which was established in response to the pandemic, did not immediately respond to requests for comment.

The price per jab had been discussed at about €25 a dose, one of the people said, but would be finalised in negotiations. Such a price would be in line with previous jabs. The Financial Times reported in 2021 that Modern and Pfizer had increased prices after phase 3 trial data showed their mRNA vaccines had higher efficacy rates than cheaper shots developed by Oxford/AstraZeneca and Johnson & Johnson.

Moderna declined to comment on pricing levels.

The company signed a deal with the EU at the height of the coronavirus pandemic, but its last amendment to supply 15mn Omicron-adjusted vaccines ran out in August last year without being renewed.

The deal would come at a time when Pfizer holds near-monopoly status on EU Covid vaccine supplies. In May, the commission and Pfizer agreed a deal to cut the number of vaccines supplied to the EU, putting an end to tensions between member states overpaying for shots that ran the risk of not being used.

Read the full article here

News Room September 26, 2023 September 26, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Netflix misses Q3 earnings estimates, meme stock trade returns as Beyond Meat rallies 1,300%

Watch full video on YouTube

How subsea cables power the global internet

Watch full video on YouTube

Google and Anthropic reportedly in cloud deal talks, Netflix falls after earnings miss

Watch full video on YouTube

Why Manhattan Condos Are Selling At A Loss

Watch full video on YouTube

Delaware high court reinstates Elon Musk’s $56bn Tesla pay package

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

- Advertisement -
Ad imageAd image

You Might Also Like

News

Delaware high court reinstates Elon Musk’s $56bn Tesla pay package

By News Room
News

How Ford’s bet on an electric ‘truck of the future’ led to a $19.5bn writedown

By News Room
News

Which genius from history would have been the best investor?

By News Room
News

How Friedrich Merz’s EU summit plan on frozen Russian assets backfired

By News Room
News

Cannabis Investing In The Trump Era

By News Room
News

The argument Iranians have in private

By News Room
News

Carmakers sour on EU’s ‘disastrous’ petrol engine rule changes

By News Room
News

Elon Musk makes an unhelpful cameo in Warner Bros buyout

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?