Oil
PFE

Britain signs deals with Pfizer, BioNTech, Valneva for COVID-19 vaccines

Credit: REUTERS/BRENDAN MCDERMID

Britain has signed deals to secure 90 million doses of two possible COVID-19 vaccines from the Pfizer Inc and BioNTech alliance and French group Valneva, the business ministry said on Monday.

Adds detail, quote

LONDON, July 20 (Reuters) - Britain has signed deals to secure 90 million doses of two possible COVID-19 vaccines from the Pfizer Inc PFE.N and BioNTech 22UAy.F alliance and French group Valneva VLS.PA, the business ministry said on Monday.

Britain had secured 30 million doses of the experimental BioNTech/Pfizer vaccine, and a deal in principle for 60 million doses of the Valneva vaccine, with an option of 40 million more doses if it was proven to be safe, effective and suitable, the ministry said.

Financial terms of the deals were not confirmed.

"This new partnership with some of the world's foremost pharmaceutical and vaccine companies will ensure the UK has the best chance possible of securing a vaccine that protects those most at risk," business minister Alok Sharma said.

The deals follow a previously announced agreement with AstraZeneca AZN.L for the firm to produce 100 million doses of its potential vaccine being developed in partnership with the University of Oxford.

There is currently no working vaccine against COVID-19, the disease caused by the novel coronavirus, and experts say one will be needed to control the pandemic that has infected millions of people around the world and killed over 600,000.

Britain also said on Monday it had secured treatments containing COVID-19-neutralising antibodies from AstraZeneca AZN.L to protect people who can't be vaccinated.

(Reporting by Alistair Smout; Editing by Richard Pullin)

((alistair.smout@thomsonreuters.com; +44 207 542 7064; Reuters Messaging: alistair.smout.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

PFE AZN

Other Topics

US Markets

Latest Oil Videos

    Oil Holds Above $80 as Global Power Crunch Tightens Demand

    Crude oil prices remain above $80 per barrel amid expectations that a widening global power crisis will continue to lift demand. Bloomberg’s Helen Robertson reports.

    Oct 12, 2021

    Reuters

    Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

    Learn More