EU looks to buy COVID-19 vaccine from new producer

Portfolio
The European Commission has on Tuesday concluded exploratory talks with the pharmaceutical company Valneva with a view to purchasing its potential vaccine against COVID-19. The envisaged contract with Valneva would provide for the possibility for all EU Member States to purchase together 30 million doses, and they could further purchase up to 30 million more doses.

Today's finalisation of exploratory talks with Valneva come in addition to an already secured broad portfolio of vaccines to be produced in Europe, including the contracts already signed with

This diversified vaccines portfolio will ensure Europe is well prepared for vaccination, once the vaccines have been proven to be safe and effective, as is already the case for BioNTech/Pfizer and Moderna, recently authorised in the EU.

Member States are able to donate vaccines to lower and middle-income countries or to re-direct it to other European countries.

"Today's step toward reaching an agreement with Valneva further complements the EU's vaccines portfolio and demonstrates the Commission's commitment to find a lasting solution to the pandemic," commented President of the European Commission, Ursula von der Leyen.

"With this eighth vaccine, we are adding to our already broad and diversified range of vaccines in our portfolio. By doing this, we can maximise our chances of making sure that all citizens can have access to safe and effective of vaccinations by the end of 2021. All Member States have now started their vaccination campaigns and will start receiving an increasing number of doses in order to cover all their needs during this year," said Stella Kyriakides, Commissioner for Health and Food Safety.

Valneva is a European biotechnology company developing an inactivated virus vaccine. This is a traditional vaccine technology, used for 60-70 years, with established methods and a high level of safety. Most of the influenza vaccines and many childhood vaccines use this technology. This is currently the only inactivated vaccine candidate in clinical trials against COVID-19 in Europe.

The Commission, with the support of EU Member States, has taken a decision to support this vaccine based on a sound scientific assessment, the technology used, the company's experience in vaccine development and its production capacity to supply all EU Member States.

 

More in Economy

Elektromos roller lime mikromobilitás
November 14, 2025 16:35

Number of bike accidents rise in Hungary in August, those caused by e-scooter riders drop

More than 800 e-scooter accidents reported since last January

eu európai bizottság berlaymont uniós támogatás eu-forrás
November 14, 2025 13:47

New EU GDP ranking published

Hungary ranked very low

orbán viktor
November 14, 2025 13:20

Orbán: US financial shield will be activated if HUF comes under speculative attack

Hungarian Premier provides information on the US-Hungarian agreements

November 14, 2025 09:49

American multinational to make massive investment in Hungary

Foreign Minister Péter Szijjártó announced the new investment

Ukrán, török és moldáv cégek jelentek meg a hazai építőiparban
November 14, 2025 09:13

Down one day, up the next – Hungarian construction sector on a rollercoaster ride

It is difficult to see clearly amid enormous changes

kassza fizetés forint
November 14, 2025 09:03

Government decree on raising windfall tax on banks issued, creating HUF 860 billion in leeway in the budget

Government rewrites budget and special taxes in new decree

LATEST NEWS
Charting is displayed using TradingView's technology, a platform, where you can build advanced charts, spot upcoming trends in the stock screener, and find inspiration in multiple trading ideas

Detailed search