EU secures 300M doses of COVID-19 vaccine
The European Union has secured 300 million doses of COVID-19 vaccine from medical firms BioNTech and Pfizer.
The European Commission announced on Wednesday September 9th that it had already concluded talks on buying the potential vaccine with Germany- and US-based companies working together on developing the serum.
The EU would buy 200 million doses under the envisaged agreement with an option of getting further 100 million doses if the vaccine proves to be safe and effective against COVID-19
The European Union has already signed a contract with AstraZenaca last month for the distribution of up to 300 million doses.
Prior to that the institution has also concluded initial agreements with companies Sanofi-GSK, Johnson & Johnson, CureVac and Moderna.
The EU budget will cover up to €2.7 billion ($3.2 billion) from the purchasing project, while the member states will pay for the rest.
Once the vaccine doses are delivered, the EU countries will have the choice to distribute it among their own citizens or donate to other countries
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