BRUSSELS – The European Commission and vaccine maker Valneva have reached an agreement that particularly reduces the EU’s source of COVID-19 vaccines produced through the French biotech company, the EU executive said on Wednesday.
The EU and Valneva signed an agreement in November for the source of up to 60 million doses, adding around 27 million for this year, however, delays in the approval procedure and a drop in demand for overcontracting and a slowdown in vaccines have led to EU states. to request adjustments to the original contract.
Under the revised agreement, Valneva will supply 1. 25 million doses to EU countries, which will be delivered in August and September, the Commission said.
An EU official said the contract review includes the procurement of another 1. 25 million vaccines by the end of the year.
Valneva’s vaccine, which is based on an inactivated virus similar to peak flu vaccines, was approved by the European medicines regulator last month.
Britain cancelled its Valneva vaccine contract in 2021, the company obtained approvals in Bahrain and the United Arab Emirates. (Reporting via Francesco Guarascio @fraguarascio; editing via Foo Yun Chee)
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