EU close to concluding preliminary talks with Novavax on COVID vaccine supply - source
By Francesco Guarascio
BRUSSELS, Sept 23 (Reuters) - Brussels is close to wrapping up preliminary talks with U.S. vaccine maker Novavax NVAX.O for its potential COVID-19 shot, an EU source involved in the negotiations said, as the bloc ramps up its push in the global race to secure supplies.
The move is meant to expand to seven the portfolio of vaccines the 27-country bloc, with a population of 450 million, wants to secure. It would bring doses potentially available to EU countries to more than 2 billion.
"We are at an advanced stage in talks with Novavax," the EU senior official said, who declined to be identified as negotiations are confidential.
The number of doses the EU could secure is still under discussion, the official said, noting that it was likely to be at least 100 million.
A spokesman for the EU executive commission, which is co-leading the talks with vaccine makers, declined to comment. Novavax had no immediate comment.
The EU has already secured 400 million doses of the potential vaccine being developed by AstraZeneca AZN.L and Oxford University, and 300 million doses of the potential shot being trialled by Sanofi SASY.PA and GlaxoSmithKline GSK.L.
It is also in talks with Johnson & Johnson JNJ.N, Moderna MRNA.O, CureVac CVAC.O and a partnership of Pfizer PFE.N and BionTech BNTX.O for nearly 1.3 billion additional doses of their vaccine candidates.
The seventh vaccine would add to the EU portfolio a second protein-based jab, the same technology used by Sanofi and GSK. The EU is also securing shots based on messenger RNA (mRNA) and vector technologies.
"We want to split the risks," the official said, as it is not certain which, if any, of the vaccines under development will prove effective and safe.
If it strikes seven deals, the EU would be ahead of Britain and the United States, which each have concluded six supply contracts so far.
Novavax has already reached supply deals with the United States, Britain, Japan and Canada. It is also one of the potential vaccines covered by the WHO-led procurement facility COVAX.
Crucial for the deals to be finalised is the topping up of an EU emergency fund, which has so far made available 2 billion euros ($2.3 billion) for vaccine purchases. At least another 750 million euros is needed to cover the seven deals, the EU official said .
($1 = 0.8551 euros)
FACTBOX on vaccine race and governments' supply deals
(Reporting by Francesco Guarascio; Editing by Josephine Mason and Jan Harvey)
((Francesco.Guarascio@thomsonreuters.com; +32 2 287 68 17;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Latest Markets Videos
- Tesla removed from S&P 500 ESG index on autopilot, discrimination concerns
- Fed could cut rates in 2023, 2024 once inflation under control -Bullard
- US STOCKS-Wall Street ends sharply lower as Target and growth stocks sink
- Powell says Fed to 'keep pushing' rates higher until clear inflation is falling