4/26, 3:39 PM (Source: TeleTrader)
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AstraZeneca to 'strongly defend itself in court'

AstraZeneca plc underlined on Monday it "will strongly defend itself in court" after achieving full compliance with the agreement on coronavirus vaccine supply with the European Commission, adding that "any litigation is without merit" and that it will be looking "to resolve this dispute as soon as possible."

The company said it is "making progress addressing the technical challenges" and that its production is "improving," but stressed that the number of finished vaccine doses also depends on the timing of the "production cycle" that can be "very long."

"We look forward to working constructively with the EU Commission to vaccinate as many people as possible," AstraZeneca noted after Brussels announced it initiated legal action against the company over its alleged non-compliance with their vaccine procurement deal.

Breaking the News / MS