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Money News

CureVac deal takes EU's COVID vaccine supplies close to 2 billion

BRUSSELS (Reuters) - The European Union has struck a deal for up 405 million doses of German biotech firm CureVac’s potential COVID-19 vaccine, the head of the EU executive said on Monday, taking total supplies secured by the bloc to nearly 2 billion doses.

FILE PHOTO: Small bottles labelled with "Vaccine" stickers stand near a medical syringe in front of displayed "Coronavirus COVID-19" words in this illustration taken April 10, 2020. REUTERS/Dado Ruvic/Illustration/File Photo

The deal with CureVac follows EU supply agreements with AstraZeneca, Johnson & Johnson, Sanofi, and Pfizer for a combined 1.4 billion doses of their potential vaccines.

“I am glad to announce a new agreement to buy up to 405 million doses of a vaccine produced by the European company CureVac,” European Commission President Ursula von der Leyen said, adding the contract was negotiated after EU funding to the company to develop its vaccine.

The EU, with a population of about 450 million, has been in talks with CureVac for its experimental COVID-19 vaccine at least since July, an internal EU document seen by Reuters shows, confirming an exclusive Reuters report.

The deal will be authorised by the Commission on Tuesday, von der Leyen said, while the actual signature will take place some days later.

Under advance purchase agreements negotiated by the EU during the pandemic, the bloc makes a non-refundable down payment to a vaccine maker to secure a certain number of doses for an agreed price, which will then be paid by EU states willing to buy the shot only after it is authorised as safe and effective by the EU drugs regulator.

The price agreed for the vaccine has not been disclosed.

The deal will initially cover 225 million doses, with an option to buy another 180 million.

CureVac was not immediately available for comment.

The Commission president also said she hoped to finalise a deal soon with Moderna for its COVID-19 vaccine, which on Monday announced positive interim results from large-scale clinical trials.

CureVac’s approach is based on so-called messenger RNA (mRNA), pieces of genetic code that prompt human cells to produce therapeutic proteins - the same technology used by Moderna and also Pfizer/BioNTech, the other major potential vaccine to have reported positive late-stage trial results.

Reporting by Francesco Guarascio @fraguarascio; Additional reporting by Patricia Weiss; Editing by Nick Macfie and Mark Potter

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