EU reaches deal with Moderna for supply of COVID-19 vaccine
- Economy
- Reuters
- Published Date: 05:03 | 24 November 2020
- Modified Date: 05:03 | 24 November 2020
The European Commission has reached a deal with U.S. biotech firm Moderna for the supply of its COVID-19 vaccine candidate, an EU official told Reuters on Tuesday.
Last week Moderna said its experimental vaccine was 94.5% effective in preventing COVID-19, based on interim data from a late-stage clinical trial.
In August the Commission, which co-leads talks with vaccine makers on behalf of EU states, said preliminary talks with Moderna had been concluded with the aim of signing a contract for the supply of 80 million doses of its vaccine, with the option of buying another 80 million.