Brussels, Nov 25: The European Union (EU) will give the green light to a new vaccine contract in its bid to fight the COVID-19 pandemic, said European Commission President Ursula von der Leyen.
Through the purchase of up to 160 million doses of vaccines produced by American pharmaceutical company Moderna, the EU will be able to enrich its COVID-19 vaccine portfolio, Xinhua news agency reported on Wednesday.
"Only a safe and effective vaccine will provide a lasting and sustainable solution to this pandemic," noted von der Leyen on Tuesday. COVID-19 Vaccine Update: Sputnik V is Over 95% Efficient, Claims Russia.
It needs to be approved by the European Medicines Agency for safety and efficiency before any vaccine is allowed to hit the European market.
Apart from Moderna, the EU's current vaccine portfolio includes purchase agreements with AstraZeneca, Sanofi-GSK, Janssen Pharmaceutica NV, BioNtech-Pfizer and CureVac.
(The above story first appeared on LatestLY on Nov 25, 2020 02:16 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).