The negotiations are ongoing, and it is not clear what the final outcome may be. Read more at straitstimes.com.
BRUSSELS - Brussels is discussing with Pfizer and BioNTech the possibility of reducing the up to 500 million Covid-19 vaccine doses the EU has committed to buy this year in return for a higher price, a source with knowledge of the talks said.
The Commission “will continue in view of adapting the supply of vaccine doses over the years to come, and to extend it over a larger time period”, the spokesperson said, declining to comment on pricing or other details. A BioNTech spokesperson added that their company “continue to work with the European Commission and governments to find pragmatic solutions while respecting the fundamental principles agreed between the parties in concluding the agreement”.
In May 2021, Brussels signed a contract with Pfizer and BioNTech to buy 900 million doses, with an option for an additional 900 million doses, by the end of 2023. The talks over the unwanted doses are the latest in a series of negotiations over changes to the 2021 contract. Brussels is under pressure to cut the volume as EU member states complain of strained budgets and no desire to spend money on unneeded doses.At 19.50 euros in the May 2021 contract, the amount that European governments are contractually obliged to pay this year totals between 7.8 billion and 9.75 billion euros.
“We are no longer at the peak of the crisis, and this directly impacts our demand for vaccines, while public finances are under great strain at this moment,” EU Health Commissioner Stella Kyriakides told a European Council meeting in December.
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