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EU Seeks Up To 300 Million Additional Doses of Pfizer-BioNTech Vaccines

Summary:

The European Union EU is in talks with BioNTechIndai and SE Pfizer Inc. (Vaccine Manufacturers) about a deal that the supply of Covid-19 vaccine could be double to the region as countries seek to immunize enough people to contain a new virus resurgence.

EU Seeks Up To 300 Million Additional Doses of Pfizer-BioNTech Vaccines

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Overview:

British Governments are facing growing questions over the slow pace of vaccine adoption, and images from other drug manufacturers such as AstraZeneca Plc will not be available for weeks at the show.

100 million doses of the vaccines will be included in the new contract, plus an option for another 200 million doses, according to People (who were asked not to be named, since the negotiations are private).

An attempt to get more Pfizer-BioNTech vaccine comes less than a week after the 27-member bloc increased its initial order of 200 million doses to 300 million doses. If this is stipulated by the new agreement, On re-implementation, the total number of vaccine doses will increase to 600 million, which is enough to vaccinate two-thirds of the population of the block on a two-dose schedule.

Pfizer remained practically unchanged, while BioNTech’s American Depositary Receipts doubled before the opening of US exchanges.

Vaccine introduction:

Member states have pressured the EU to provide more doses as the death toll from the pandemic increases, restrictions lengthen and leaders are concerned about containing a new, more infectious strain of the virus that has emerged in England.

So far, the EU has signed a number of companies to gain access to nearly 2 billion doses, the Pfizer-BioNTech injection alone has so far received regulatory approval. A decision on a similar vaccine from U.S biotech Moderna Inc. could be made on Wednesday. However, the EU shot down fewer of them and signed a contract for up to 160 million doses.

Chief Executive Officer from BioNTech, Ugur Sahin said,”We are in talks about whether and how we can bring more vaccine doses for Europe this year,”.

No agreement was reached and the numbers could change, The Pfizer-BioNTech spokesman declined to comment on the number of doses.

According to the RKI Institute for Public Health, On Monday in Germany about 266,000 people were vaccinated, just over 0.3% of the population. This compares to around 1.4% in the United States and Britain, both of which started vaccinating several weeks earlier.

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–Bilal Asghar

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Muhammad Bilal

Bilal Asghar is the founder and CEO of Subrays Inc.

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