Health

Will the European Union Pay Half the Price for Canceled COVID Vaccines?

Will the European Union Pay Half the Price for Canceled COVID Vaccines?

The "Financial Times" reported on Sunday that the new proposal from pharmaceutical companies Pfizer and BioNTech to the European Union includes a clause for member states to pay half the price, equivalent to about ten euros (11 dollars), for each of the 70 million canceled COVID-19 vaccine doses. The report cited individuals familiar with the negotiations, stating that the revised contract would allow the European Union to upgrade to newer vaccines designed for any future COVID-19 variants.

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