Left Menu
Development News Edition

UPDATE 1-EU close to concluding preliminary talks with Novavax on COVID vaccine supply - source

Brussels is close to wrapping up preliminary talks with U.S. vaccine maker Novavax for its potential COVID-19 shot, an EU source involved in the negotiations said, as the bloc ramps up its push in the global race to secure supplies.

Reuters | Brussels | Updated: 24-09-2020 11:38 IST | Created: 24-09-2020 11:33 IST
UPDATE 1-EU close to concluding preliminary talks with Novavax on COVID vaccine supply - source
Representative image Image Credit: ANI

Brussels is close to wrapping up preliminary talks with U.S. vaccine maker Novavax for its potential COVID-19 shot, an EU source involved in the negotiations said, as the bloc ramps up its push in the global race to secure supplies. The move is meant to expand to seven the portfolio of vaccines the 27-country bloc, with a population of 450 million, wants to secure. It would bring doses potentially available to EU countries to more than 2 billion.

"We are at an advanced stage in talks with Novavax," the EU senior official said, who declined to be identified as negotiations are confidential. The number of doses the EU could secure is still under discussion, the official said, noting that it was likely to be at least 100 million.

A spokesman for the EU executive commission, which is co-leading the talks with vaccine makers, declined to comment. Novavax had no immediate comment. The EU has already secured 400 million doses of the potential vaccine being developed by AstraZeneca and Oxford University, and 300 million doses of the potential shot being trialed by Sanofi and GlaxoSmithKline.

It is also in talks with Johnson & Johnson, Moderna, CureVac, and a partnership of Pfizer and BionTech for nearly 1.3 billion additional doses of their vaccine candidates. The seventh vaccine would add to the EU portfolio a second protein-based jab, the same technology used by Sanofi and GSK. The EU is also securing shots based on messenger RNA (mRNA) and vector technologies.

"We want to split the risks," the official said, as it is not certain which, if any, of the vaccines under development will prove effective and safe. If it strikes seven deals, the EU would be ahead of Britain and the United States, which each have concluded six supply contracts so far.

Novavax has already reached supply deals with the United States, Britain, Japan, and Canada. It is also one of the potential vaccines covered by the WHO-led procurement facility COVAX. Crucial for the deals to be finalized is the topping up of an EU emergency fund, which has so far made available 2 billion euros ($2.3 billion) for vaccine purchases. At least another 750 million euros is needed to cover the seven deals, the EU official said.


TRENDING

OPINION / BLOG / INTERVIEW

New farm bills in India: Focusing on farms or farmers?

... ...

Kenya’s COVID-19 response: Chaos amid lack of information

Confusing numbers and scanty information on how effective curfews and lockdowns have been in breaking transmission have amplified coordination and planning challenges in Kenyas response to COVID-19. Without accurate data, it is impossible t...

Farkhad Akhmedov: Calculating the price of impunity from the law

In insistences such as the battle over the Luna, Akhmedov has resorted to extreme legal machinations to subvert the High Courts decision and keep his assets from being seized. ...

Guinea’s elections hearken back to the autocracy and violence of its past

... ...

Videos

Latest News

Seven held as police bust international drug racket in Jammu

Seven people, including two who were accused in the 2005 Delhi blast case, were arrested in connection with the seizure of 62 kg of heroin and opium last month near the Indo-Pak border here, police said on Saturday. The seizure was made on ...

Palghar lynching case: 38 held, remanded in judicial custody

Thirty-eight people were arrested by Maharashtra police on Saturday in connection with Aprils Palghar lynching case in which two sadhus and their driver were killed by a mob, a case that had hit national headlines and led to a political slu...

Delhi airport starts COVID-19 testing for international departures: Genestrings

International passengers taking their flights from the Delhi airport can now get themselves tested for COVID-19 right before their departure, said Genestrings Diagnostic Center which operates the testing lab at the airport, on Saturday. The...

Motor racing-Honda option is Plan A for Red Bull if F1 engine rules are frozen

Red Bulls preferred option would be to take over Hondas engine after the Japanese manufacturer pulls out of Formula One at the end of 2021, but the rules would have to be frozen to make it affordable, team boss Christian Horner said on Satu...

Give Feedback