European nations sign deal with AstraZeneca for 400 million vaccine doses

BusinessEuropean nations sign deal with AstraZeneca for 400 million vaccine doses

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European nations sign deal with AstraZeneca for 400 million vaccine doses

Italy, Germany, France and the Netherlands have signed a contract with AstraZeneca to provide European citizens with a coronavirus vaccine, Italy’s health minister Roberto Speranza said, according to a Reuters report. The contract will supply 400 million doses of the vaccine.

AstraZeneca’s vaccine is currently in development with the University of Oxford and its experimentation phase is expected to be completed in the fall. Speranza said the first batch of doses would be available at the end of the year.

EU governments issued a mandate on Friday instructing the European Commission to negotiate advance purchases of promising Covid-19 vaccines. However, it’s unclear if there would be enough money available for these purchases.

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