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By the end of the third quarter, 60 million doses will be delivered, and 75 million more by the end of the fourth quarter. Another delivery of 65 million doses is scheduled before the end of March 2022.
‘The agreement comes as the EU has reached a milestone in its COVID-19 vaccination campaign, with 70 percent of its adult population fully vaccinated as of August 31.’
The company had already delivered 100 million doses to EU member states by the end of the second quarter of 2021.
The settlement provides a “firm commitment” by the company to honor the delivery schedule, and includes a capped rebate system in case it falls behind once again.
The rebate will be 10 per cent for a one-month delay, 25 per cent for two months, and 40 per cent for three months or more, De Keersmaecker said.
Source: IANS
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