Categories: Business

Against Covid-19: taxpayer, vaccine manufacturers are expected to support risks

Against Covid-19
Taxpayers are expected to support the vaccine-manufacturer-risks

The taxpayers to support, according to EU plans, the producer risk for a Corona vaccine. Photo: Sakchai Lalit/AP/dpa

© dpa-infocom GmbH

Only with a vaccine, the pandemic can be contained – a lot of experts agree. In order to get the funds rapidly, the EU countries, the pharmaceutical companies vigorously under the arms.

In the race for an effective Corona vaccine Europe’s taxpayers should bear part of the liability risk of the manufacturers.

The EU States were ready to “certain risks of companies financially to cover, in order for vaccines to citizens is actually for the EU and the public health is protected,” said EU Commission on Thursday. Previously, the “Berliner Zeitung had reported” about it.

Yet there is no EU-approved vaccine against the sometimes deadly and economically devastating Coronavirus spreading since the beginning of the year in the world. The EU Commission negotiated for weeks with companies that have promising candidates at the Start. On Thursday a contract with AstraZeneca in force to enable the EU the purchase of up to 400 million units of the vaccine of the British manufacturer came – when and if the vaccine is effective and is approved.

The preliminary contracts should the manufacturers of a part of the risk for development costs, because it is assumed that not all of the currently tested agents are successful. The EU Commission therefore relies on various providers is also Negotiating agreements with Sanofi, GSK, Johnson&Johnson, Curevac and Moderna.

In addition, the EU should-States but also a part of the financial liability risk for the event that after the admission of the in a great hurry-developed funding problems. “In a race against time, manufacturers need to manufacture vaccines much faster than under normal circumstances,” said a spokesman for the EU Commission. Instead of ten years or more, it is to 12 to 18 months. “To such high risks of the manufacturer, to compensate for the advance purchase agreements, to indemnify that member States producers of certain liabilities.”

Nevertheless, citizens would be protected with all the necessary measures. So the security would be examined carefully before a vaccine will be admitted. Consumer rights would not be affected. The rules of product liability would not be changed. “Another question is, whether the authorities will compensate may be the manufacturer, if he is to be ultimately made liable for the damages,” added the spokesman.

From the point of view of the Federal Association of the Pharmaceutical industry, such government Commitments to the “risk distribution” requirement for the rapidly vaccines are available. “The policy needs to support in this Situation, the responsibility for any risks”, said the BPI. “Otherwise, it can give in the shortest time possible, no Covid-19 vaccine.”

Patient representatives at the European medicines Agency EMA to Express concerns. “There is a stunning degree of Secrecy in the process of negotiations with the pharmaceutical industry,” said one of them, Yannis Natsis, the “Berliner Zeitung”. “We need and demand a control of the negotiations by the Public.” De facto, the public sector pay already for research and development, manufacture and distribution of a “vaccine that we don’t even know”. It is unacceptable that taxpayers have to pay for any damages.

About the details and costs of their contracts, the EU Commission says nothing. Financed the business through a crisis of the financial pot that is equipped with a 2.7 billion Euro from the EU budget.

dpa
Matthew Velter

With 5 years of experience as an editor, Matthew has been a crucial part of eTrendy Stock since its inception. He looks after the editing of news content published on eTrendy Stock. Apart from investing his time in editing, he also provides well-researched news articles for the U.S. niche. Mathew studied at University of central Florida.

Recent Posts

Anubis Chain Announced as Primary Exhibition Sponsor for Hong Kong Web3 Festival 2026

Hong Kong Web3 Festival 2026 is proud to announce that Anubis Chain has officially joined…

26 minutes ago

Digital Reserve成为2026香港Web3嘉年华二级展位赞助商

Digital Reserve已确认加入2026香港Web3嘉年华,将作为二级展位赞助商为大会提供支持 Digital Reserve 是一家澳洲持牌的加密货币出入金与交易平台,深耕行业多年、穿越多轮牛熊周期,凭借对华人市场的深刻理解、完善的银行通道与高质量服务,持续为专业客户提供稳定、顺畅的数字资产流动解决方案。更多信息: https://digitalreserve.net/ 香港Web3嘉年华是由万向区块链实验室与HashKey Group联合推出的Web3活动品牌,由W3ME承办,自2023年起于每年4月在香港会议展览中心举办,聚焦行业热点话题与政策趋势,是亚洲规模最大、最受关注的Web3行业盛会之一。 2026香港Web3嘉年华将于4月20日-23日在香港会议展览中心盛大举行。自2023年首届举办以来,香港Web3嘉年华已飞速成长为全球最具影响力的加密峰会之一,为全球东西方交流构建了一个高规格、高质量、高纵深的平台。过往三届盛会累计吸引超10万名现场参会者,汇聚超350个前沿项目参加,邀请超1200位演讲嘉宾分享,并衍生超400场周边活动,成功构建了一个以大会为核心、辐射全港的活力生态圈。 目前,香港特别行政区财政司司长陈茂波,香港证监会中介机构部执行董事叶志衡,万向区块链董事长、Hashkey Group董事长兼CEO肖风,香港特别行政区立法会议员(科技创新界)邱达根,Solana Foundation总裁Lily Liu,MatrixPort创始合伙人及首席商务官Cynthia Wu,Animoca Brands联合创始人兼董事长Yat Siu,全球金融科技学院院长及新加坡社科大学教授李国权,Pantera…

4 days ago

Digital Reserve Joins the Hong Kong Web3 Festival 2026 as a Secondary Exhibition Sponsor

Hong Kong, 26th February 2026, Another week, another exciting addition to the Hong Kong Web3…

4 days ago

卓锐证券成为2026香港Web3嘉年华白金赞助商

Hong Kong, 5th March 2026, 卓锐证券已确认加入2026香港Web3嘉年华,将作为白金赞助商为大会提供支持。 卓锐证券(香港)有限公司(中央编号:BRE865)是香港证监会认可持牌法团,持有第1、2、4、5、9类牌照。作为全港增速TOP1的持牌虚拟资产券商*,卓锐证券专注构建合规安全的交易生态,实现传统资产与加密货币的无缝流动。通过自主研发的一站式交易平台“ZR”,投资者只需一个账户,即可借助AI赋能的机构级视野,灵活配置股票、ETF及加密货币。了解更多:https://www.zr.hk/ 香港Web3嘉年华是由万向区块链实验室与HashKey Group联合推出的Web3活动品牌,由W3ME承办,自2023年起于每年4月在香港会议展览中心举办,聚焦行业热点话题与政策趋势,是亚洲规模最大、最受关注的Web3行业盛会之一。 2026香港Web3嘉年华将于4月20日-23日在香港会议展览中心盛大举行。自2023年首届举办以来,香港Web3嘉年华已飞速成长为全球最具影响力的加密峰会之一,为全球东西方交流构建了一个高规格、高质量、高纵深的平台。过往三届盛会累计吸引超10万名现场参会者,汇聚超350个前沿项目参加,邀请超1200位演讲嘉宾分享,并衍生超400场周边活动,成功构建了一个以大会为核心、辐射全港的活力生态圈。 目前,香港特别行政区财政司司长陈茂波,香港证监会中介机构部执行董事叶志衡,万向区块链董事长、Hashkey Group董事长兼CEO肖风,香港特别行政区立法会议员(科技创新界)邱达根,Solana Foundation总裁Lily Liu,MatrixPort创始合伙人及首席商务官Cynthia Wu,Animoca Brands联合创始人兼董事长Yat…

4 days ago

DeZero Launches the World’s First AI ‘Second Brain’ for Crypto Traders

Abu Dhabi, UAE, 3rd March 2026, ZEX PR WIRE, DeZero has just announced its public…

6 days ago

AlloX Launches AI-Powered Investment Platform with $25,000 USDT Prize Pool for Early Participants

British Virgin Islands, 27th February 2026, ZEX PR WIRE, AlloX is an AI-powered capital allocation…

1 week ago