Watch: European Union To File A Second Legal Action Against AstraZeneca
The EU to take a second legal action against the pharma company AstraZeneca for failing to deliver vaccine doses on time.
After the coronavirus pandemic brought the world to its knees, a lot of the pharmaceutical companies, all around the world, began putting all their efforts into making a vaccine for the virus. One of those companies is the British-Swedish MNC, AstraZeneca, which made the vaccines Covishield and Vaxzevria, along with Oxford. Recently, the company has been facing flak from the European Union, after it failed to deliver the promised vaccine doses. Read on to know more about it.
In April 2021, the European Union launched its first legal case against the pharma company AstraZeneca. This first legal action was about requesting faster deliveries of the vaccine doses. The company is supposed to deliver 100 million vaccine doses by June and has delivered about 50 million doses till now, which is concerning the EU authorities, because this milestone of 50 million doses being delivered, was supposed to be achieved in January itself.
Under the contract that was originally signed by AstraZeneca and EU, the pharma company is supposed to deliver 300 million doses, in total. Hence, the volume that is delivered so far, makes up just one-sixth of the total commitment made by the company. This attracted the legal action in the picture, by the EU.
AstraZeneca has cited production problems and export issues for the inability to achieve the delivery commitment. A spokesperson for the EU executive said that they would file the second legal case against the company on Tuesday, 11 May, over its delayed deliveries. Reports also said that this new legal case will concern the merit of the case. Reports also say that the officials have confirmed that this second legal case will allow the European Union to seek their financial penalties. The EU has also said that they will not place any further orders with the company.
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