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EU says it will make vaccine companies respect supply contracts: Michel

Published 01/24/2021, 05:46 AM
Updated 01/24/2021, 05:50 AM
© Reuters. FILE PHOTO: Pharmacist Susanne Wohlgemuth prepares Pfizer/BioNTech COVID-19 vaccinations at the Haus an der Linde nursing home in Lichtentanne, Saxony, Germany

© Reuters. FILE PHOTO: Pharmacist Susanne Wohlgemuth prepares Pfizer/BioNTech COVID-19 vaccinations at the Haus an der Linde nursing home in Lichtentanne, Saxony, Germany

PARIS (Reuters) - The European Union will make pharmaceutical companies respect contracts they have signed for the supply of COVID-19 vaccines, European Council President Charles Michel said on Sunday.

Pfizer Inc (NYSE:PFE) last week said it was temporarily slowing supplies to Europe to make manufacturing changes that would boost output. On Friday, AstraZeneca (NASDAQ:AZN) also said that initial deliveries to the region will fall short because of a production glitch.

"We plan to make the pharmaceutical companies respect the contracts they have signed ... by using the legal means at our disposal," Michel said on Europe 1 radio.

He did not mention possible sanctions but said that the EU would insist on transparency about the reasons for the delays.

He said that after Pfizer's first warnings about delays of several weeks, the EU had managed to reduce these delays by taking a tough stance.

© Reuters. FILE PHOTO: Pharmacist Susanne Wohlgemuth prepares Pfizer/BioNTech COVID-19 vaccinations at the Haus an der Linde nursing home in Lichtentanne, Saxony, Germany

"We banged our fist on the table and finally announced delays of several weeks turned into a slowdown of deliveries," he said.

Latest comments

If trump is still the president.. He will tell the European.. Go fly kite.. Honestly the world should not let America to be so powerful.. They are too powerful.. Nobody dare to touch them.. So now you me who is arrogant?
Why the European still don't get it.. All the vaccine is bought by the American.. By force.. The Canadian bought 5 times their population..
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