Economy 18 February 2021, 8:50am

Pfizer COVID-19 vaccine supply delayed, firm to make up for it by end-March

Portfolio

Pfizer Inc. has not yet delivered to the European Union about 10 million COVID-19 vaccine doses that were due in December, EU officials told Reuters late on Wednesday, leaving it about one-third short of the supply it had expected from the U.S. drugmaker.

The shortfall is another blow to the EU, which has also been hit by delays in vaccine deliveries from Britain-based AstraZeneca Plc and U.S. biotech Moderna Inc. It had also faced earlier delays with the shot from Pfizer.

This week, Pfizer delivered to the European Union 4.8 million doses of the COVID-19 vaccine it developed with German partner BioNTech, according to an EU official who is directly involved in talks with the U.S. company.

That takes the total to about 28 million doses of the two-shot vaccine, one of the EU officials and a source familiar with the matter said.

That is still about 10 million doses less than Pfizer had promised to supply since the rollout began late last year, the EU official told Reuters late on Wednesday.

A second EU official involved in talks with vaccine makers confirmed the shortfall but said the companies had committed to delivering those doses by the end of March.

EU officials have said Pfizer committed to delivering 3.5 million doses a week from the start of January. This week’s larger delivery suggests the company is increasing supplies to make up for an earlier shortfall.

About 5 million doses will be delivered next week and in the first week of March, one of the officials said.

The Pfizer/BioNTech vaccine was approved for use in the EU on 21 December. The following day, BioNTech said the companies would ship 12.5 million doses to the EU by the end of the month..

Only a portion of those doses due in December have been delivered, the EU officials said.

But the source familiar with the matter said that under the agreement with the EU, 12.5 million doses that BioNTech earmarked in December for the bloc were included in the delivery target for the first quarter of 2021.

The EU has two contracts with Pfizer for the supply of 600 million vaccine doses.

Although the EU’s own supplies have fallen short, the European Commission has approved all requests for export of COVID-19 vaccines - mostly from Pfizer/BioNTech - since it set up its mechanism to monitor flows.

In the period between 30 January and 16 February, the EU gave the green light to 57 requests for vaccine export to 24 countries, including Britain and the United Arab Emirates (UAE), a Commission spokeswoman said on Wednesday.

Before the monitoring scheme was set up, the bloc had already exported millions of vaccine doses to Israel, Britain and Canada among others, according to customs data cited in a EU document seen by Reuters.

Israel has inoculated more than 75% of its population, including first and second doses, figures from University of Oxford-based Our World in Data show. The UAE has administered vaccines to around 50% of its population and for Britain it is above 20%. EU countries on average stand at about 5%.