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Pin to quick picksAstrazeneca Share News (AZN)

Share Price Information for Astrazeneca (AZN)

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Share Price: 12,364.00
Bid: 12,398.00
Ask: 12,400.00
Change: 268.00 (2.22%)
Spread: 2.00 (0.016%)
Open: 12,150.00
High: 12,440.00
Low: 12,134.00
Prev. Close: 12,096.00
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UPDATE 1-EU's von der Leyen admits to failings in vaccine fight

Wed, 10th Feb 2021 09:25

(Updates with more from von der Leyen, background)

BRUSSELS, Feb 10 (Reuters) - European Commission President
Ursula von der Leyen acknowledged failings on Wednesday in the
EU's approval and rollout of vaccines against COVID-19, and said
the bloc had learned lessons in the process.

The chief of the EU executive was speaking to lawmakers in
the European Parliament following criticism of the slow roll-out
of vaccines and a plan to curb exports that initially sought to
set up a hard border on the island of Ireland, causing an outcry
in London and Dublin.

Von der Leyen, who has also spoken at five groupings of EU
lawmakers over the past 10 days, said 26 million vaccine doses
had been delivered and that, by the end of the summer, 70% of
adults in the 27-nation bloc should have been inoculated.

"And yet it is a fact that we are not today where we want to
be in the fight against the virus," she told EU lawmakers.

"We were late with the approval. We were too optimistic on
mass production. And perhaps we were also too certain that the
orders would actually be delivered on time," she said.

Von der Leyen said mistakes were also made leading up to the
decision on export curbs.

"I deeply regret that," she said, adding that the Commission
would do its utmost to protect peace in Northern Ireland.

Avoiding a border between EU member Ireland and
British-ruled Northern Ireland is seen as key to protecting the
peace process there.

However, von der Leyen defended the Commission's oversight
of vaccine orders, saying it would have been unfair and
"economic madness" for the EU single market if just a few large
member states had guaranteed doses.

The EU could also not have cut corners in its approval of
biological substances injected into people's bodies, even if
this lost three to four weeks to rivals, she added.

The EU will launch a new network of clinical trials to give
regulators data more rapidly and the Commission will create a
taskforce to help boost vaccine production, von der Leyen said.
(Reporting by Philip Blenkinsop, editing by Gareth Jones)

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