5/26, 1:05 PM (Source: TeleTrader)
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EU accuses AstraZeneca of 'flagrant' deal violation

The European Union's lawyer Rafael Jafferali stated on Wednesday that AstraZeneca plc "did not even try" to fulfill the vaccine deliveries contract it signed with the bloc.

Brussels is now demanding that the British pharmaceutical company delivers at least 120 million vaccines by the end of June. Additionally, the EU is requesting compensation of €10 for each dose for each day of delay from AstraZeneca and a fine of over €10 million.

The company is expected to argue that the contract was not binding, but that it was only committed to making "best reasonable efforts" in delivering doses.

Breaking the News / MD