Categories: Market Overview

EU launches legal action against AstraZeneca due to vaccine shortages

The European Union confirmed Monday it’s taking legal action against AstraZeneca over shortfalls in the deliveries of its coronavirus vaccine. “Our priority is to ensure Covid-19 vaccine deliveries take place to protect the health of European Union,” the EU’s commissioner for health, Stella Kyriakides, said Monday via Twitter.

“This is why the European Commission has decided jointly with all Member States to bring legal proceedings against AstraZeneca.” “Every vaccine dose counts. Every vaccine dose saves lives,” she added. The EU and the pharmaceutical giant have been at odds several times this year. The Anglo-Swedish drug company said it could not deliver as many vaccines as the bloc was counting on, both during the first and second quarters. This has delayed the rollout of Covid-19 vaccines across the 27 EU nations.

In March, European Commission President Ursula von der Leyen had expressed disappointment with the company, saying that “AstraZeneca has unfortunately under-produced and under-delivered. And this painfully, of course, reduced the speed of the vaccination campaign.” At the time, von der Leyen said the bloc was expecting 70 million doses from the company in the second quarter, down from 180 million originally anticipated. The bloc was also expecting 120 million doses in the first three months of the year, but received only about 30 million.

EU launches legal action against AstraZeneca due to vaccine shortages, CNBC, Apr 27

The FxPro News Team

This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

Share
Published by
The FxPro News Team

Recent Posts

Qualcomm Wave Analysis – 10 December 2025

Qualcomm: ⬆️ Buy - Qualcomm broke strong resistance level 177.00 - Likely to rise to resistance…

5 hours ago

Novartis Wave Analysis – 10 December 2025

Novartis: ⬇️ Sell - Novartis reversed from strong resistance level 133.35 - Likely to fall to…

5 hours ago

EURCHF Wave Analysis – 10 December 2025

EURCHF: ⬇️ Sell - EURCHF reversed from resistance area - Likely to fall to support…

7 hours ago

CHFJPY Wave Analysis – 10 December 2025

CHFJPY: ⬆️ Buy - CHFJPY reversed from pivotal support level 192.60 - Likely to rise…

7 hours ago

The FOMC will take another route

While some central banks are signals end of easing cycle, the Fed intends to continue.…

11 hours ago

The crypto market is trying to break the downtrend

The crypto market rebounds as Bitcoin surges, although volatility and regulatory changes loom; forecasts for…

12 hours ago

This website uses cookies