1/24, 3:53 PM (Source: TeleTrader)
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EU to make firms respect vaccine delivery deadlines - Michel

European Council President Charles Michel insisted on Sunday the European Union will make companies developing COVID-19 vaccines respect signed supply contracts.

Speaking to Europe 1 radio, Michel said that the EU "plans to make the pharmaceutical companies respect the contracts they have signed... by using the legal means at its disposal... We banged our fist on the table and finally announced delays of several weeks turned into a slowdown of deliveries," Michel explained commenting on delays in Pfizer's vaccine deliveries.

Yesterday, Italian Prime Minister Giuseppe Conte accused these companies of violating their contractual commitments by delaying their vaccines deliveries. At the time, he said that "all available legal tools" will be used to ensure signed obligations are met.

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