Friday, October 22, 2021

    AstraZeneca to deliver 50m vaccine shots or face fines, court rules

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    Naija247news Editorial Team
    Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

    Brussels, June 18, 2021 A Brussels court on Friday ordered AstraZeneca to deliver an additional 50 million doses of Coronavirus (COVID-19) vaccines to European Union (EU) member states or face fines.
    The court ruled that the vaccines should be delivered by September or face a maximum of 500 million euros (593.75 million U.S. dollars) as fines.
    In a ruling on a legal case filed by the European Commission, the Court of First Instance of Brussels, as interim measures, ordered the pharma company to supply 15 million doses by July 26, 20 million doses by Aug. 23, and 15 million doses by Sept. 27 in addition to the 30.2 million doses it had delivered as part of the original deal.
    According to the ruling, in case of non-compliance with the delivery deadlines, AstraZeneca would have to pay a penalty of 10 euros per dose not delivered.
    The judge’s decision is based on the fact that AstraZeneca committed a “serious breach’’ of its contractual obligations with the EU, the European Commission said in a statement.
    European Commission President, Ursula von der Leyen welcomed the decision, saying that the EU’s vaccination program was built on a sound legal basis.
    “This decision confirms the position of the Commission: AstraZeneca did not live up to the commitments it made in the contract.
    “ It is good to see that an independent judge confirms this,’’ she said in a statement.
    But even the pharma company claimed victory, saying the number of doses it was ordered to supply was far less than the 120 million vaccine doses cumulatively by the end of June 2021, and a total of 300 million doses by the end of September 2021 requested by the European Commission.
    “To date, the Company has supplied more than 70 million doses to the European Union and will substantially exceed 80.2 million doses by the end of June 2021,’’ AstraZeneca said in a statement.

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