Europe – EU governments pressure manufacturers to renegotiate contracts for COVID-19 vaccines

Pressure on COVID-19 vaccine manufacturers is being mounted as European Union (EU) governments are in a push to renegotiate contracts, with a caution issued by EU officials that millions of vaccine doses could be wasted.

When vaccines became available earlier in the COVID-19 pandemic, countries vied for supply contracts. However, as the need for vaccines begins to slow in Europe, some countries want to amend their contracts to reduce spending and to prevent receiving more vaccines than are needed.

During the most acute phase of the pandemic, the European Commission and EU governments agreed to buy huge volumes of vaccines, mostly from Pfizer and its partner BioNTech, amid fears of insufficient supplies.

But amid a marked slowdown in vaccinations in Europe, many countries want to amend their contracts to reduce supplies and consequently cut their spending on vaccines…