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Pin to quick picksAstrazeneca Share News (AZN)

Share Price Information for Astrazeneca (AZN)

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AstraZeneca announces shortfall in planned EU vaccine delivery

Sat, 13th Mar 2021 10:54

(Alliance News) - Anglo-Swedish pharmaceutical firm AstraZeneca PLC on Saturday announced a fresh shortfall in planned vaccine shipments to the EU, citing production problems and export restrictions.

"AstraZeneca is disappointed to announce a shortfall in planned COVID-19 vaccine shipments to the EU despite working tirelessly to accelerate supply," it said in a statement.

The company had previously warned it was facing shortfalls from its European supply chain due to "lower-than-expected output from the production process". 

It was hoping to compensate for part of the shortfall by sourcing vaccines from its global network, with half of the EU's supply in the second quarter and 10 million doses in the first quarter due to come from its international supply chain. 

"Unfortunately, export restrictions will reduce deliveries in the first quarter, and are likely to affect deliveries in the second quarter," it added.

AstraZeneca started delivery of the vaccine to the EU in February, and still aims to deliver 100 million doses in the first half of 2021, of which 30 million are due to be delivered in the first quarter.

The under-fire firm said it was "collaborating with the EU Commission and member states to address the supply challenges. 

"It remains confident that productivity in its EU supply chain will continue to improve, to help protect millions of Europeans against the virus."

source: AFP

Copyright 2021 Alliance News Limited. All Rights Reserved.

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