(Alliance News) - Pharmaceutical firm AstraZeneca PLC has struck a deal with Europe's Inclusive Vaccines Alliance to supply up to 400 million doses of an experimental Covid-19 vaccine, as efforts to boost manufacturing capacity continue at pace.
The alliance, which was forged by Germany, France, Italy and the Netherlands to speed up production of a vaccine, is set to take delivery of the material being tested by the University of Oxford by the end of 2020.
The agreement with AstraZeneca also aims to make the vaccine available to other European countries wishing to take part.
The cost is expected to be offset by funding from the governments involved.
AstraZeneca Chief Executive Officer Pascal Soriot said: "This agreement will ensure that hundreds of millions of Europeans have access to Oxford University's vaccine following approval.
"With our European supply chain due to begin production soon, we hope to make the vaccine available widely and rapidly."
The agreement is the latest in a series to make the vaccine – even though it is not certain it will work. But the need for a vaccine is so great that the scaling up of manufacturing continues despite the risk.
The Anglo-Swedish company recently completed similar agreements with the UK, the US, the Coalition for Epidemic Preparedness Innovations, and Gavi, the Vaccine Alliance, for 700 million doses.
A licence also has been agreed with the Serum Institute of India for another billion doses.
The vaccine was developed by Oxford University's Jenner Institute, working with the Oxford Vaccine Group.
Testing of the experimental Covid-19 vaccine began in healthy volunteers in Britain in April with more than 1,000 people aged 18 to 55. Another round with 10,000 volunteers began last month.
Other companies, including Moderna and Sanofi, are racing to develop and produce a vaccine against the new coronavirus, a step experts say will be crucial to allowing countries to ease their lockdowns and restrictions on public life.
By Danica Kirka
source: PA
Copyright 2020 Alliance News Limited. All Rights Reserved.
Astrazeneca (AZN)