If AstraZeneca fails to meet vaccine target, EU will claim billions in damages

The EU has demanded billions of euros in damages from AstraZeneca if the company fails to increase supplies of Covid-19 vaccines within the next month.

The EU wants the company to pay a daily fine of 10 euros to 10 euros a day if it does not provide the 20 million extra shots the European bloc wants by the end of June, its lawyer said in a Brussels court on Wednesday.

The lawsuit is part of a lawsuit filed by the European Commission seeking to force AstraZeneca to supply 90 million shares in the second quarter of the year, rather than the current $ 70 million. The legal action is to intensify the battle over the long-term supply shortage between the EU և company:.

AstraZeneca said its lawyers would outline its case later Wednesday. The company consistently claims to have made the “best reasonable effort” required by the contract to meet the EU delivery schedule.

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