Commission to buy up to 200 million doses of COVID-19 vaccine

Portfolio
The European Commission has on Thursday concluded exploratory talks with the pharmaceutical company Novavax with a view to purchasing its potential vaccine against COVID-19. The envisaged contract with Novavax would provide for the possibility for all EU Member States to purchase 100 million doses, and they could further purchase up to 100 million more doses.
vakcinakep44

Today's finalisation of the exploratory talks with Novavax 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

, the EC said.

Member States could decide to donate the vaccine to lower and middle-income countries or to re-direct it to other European countries.

Novavax is a biotechnology company developing next-generation vaccines for serious infectious diseases. Their vaccine is a protein subunit vaccine which are already in phase 3 clinical trial stage.

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.

European Commission President Ursula von der Leyen tweeted todaz that vaccination would start across the EU on 27, 28 and 29 December.

The human medicines committee (CHMP) of the European Medicines Agency (EMA) announced on Tuesday that having received additional data from BioNTech and Pfizer in the context of the conditional marketing authorisation (CMA) application for a COVID-19 mRNA vaccine (BNT162b2), it has scheduled an exceptional meeting of the CHMP for 21 December.  The Commission is ready to formally authorise the first vaccine on 23 December, if the EMA gives the green light to the BioNTech/Pfizer vaccine earlier on 21 December.

Cover photo: Getty Images

 

More in Economy

gyar
October 22, 2025 13:25

The tide turned in three months: Hungarian firms haven't been this optimistic in a long time

Consumer confidence has also improved

putyin trump
October 22, 2025 12:26

White House: No meeting planned between Trump and Putin in near future

Previously, there was talk of a date within two weeks

adó-munkaerőpiac-foglalkoztatás-szocho-adókedvezmény
October 22, 2025 09:55

Hungarian labor market stabilizes, although employment remains below last year's levels

4.5 million people are employed in Hungary today

parlament országház budapest duna állam főváros
October 22, 2025 08:13

Hungarian gov't extends state of emergency for yet another six months

Extraordinary powers to remain in place until May 2026

Charles Smith
October 22, 2025 08:00

Extreme financial risks and Budapest as a talent hub: Morgan Stanley's global leader talks to us

About a quarter of the bank's risk management specialists work for us, says Charles A. Smith

varga mihály mnb elnök jegybankelnök
October 21, 2025 19:29

The Monetary Council decided unanimously that caution is still warranted - Mihály Varga

MNB Governor held a press briefing after the on-hold rate decision

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