
Originally Posted by
KerrAvon
Well I have to be big enough to admit that I was wrong when I thought yesterday that not even WanChai could defend the EU over this.
The EU did what it does best when it came to ordering vaccines, it dithered and delayed because of its creaking bureaucracy and need to please every member state. That resulted in it not ordering from AZ until the end of August, resulting in the company delaying the required investment in its AZ's EU based plants.
The EU also backed some wrong horses, such as the Sanofi vaccine, which fell at the second hurdle. Bad luck maybe, but one assumes that the EU bureaucrats were required to back that company, because its French and they knew that Macrion would have a tantrum if they didn't.
I've not read the AZ-EU contract, because I'm not a Belgian lawyer, but someone at the FT has and they say that AZ is right - the contract commits AZ to use its 'best reasonable efforts' to supply the EU order in the indicated timeframe. Whilst not a Belgian lawyer, I can say from experience that bodies who are confident of their legal position litiigate as opposed to grandstanding in the press as the EU has.
The really funny things is that until yesterday the EU was upset about the delay in delivering a vaccine that they hadn't got round to approving for use
The UK government had the foresight to stay out of the EU's tortoise impression. It ordered in May and fronted up cash to allow the UK based plants to set up and begin mass production. I've not seen the AZ-UK contract, but I know someone who has and it is my understanding that it guarantees primacy - that the UK's order will be filled ahead of other customers. That may seem 'unfair' in the play pen that the EU commision has seemingly become and it probably is in the context of a world where rich nations will get acces to the vaccine years before the poor, but that's what you get when you are willing to take the huge gamble that the UK government did.
The latest from the EU is a threat to seize AZ's intellectual property. I assume that is with the intention of setting up their own production. Expect three years of wrangling and under the table deals about which EU country they would produce their seized vaccine in and production starting around September 2027 as a conseqeunce.
And the side effect of all this is the new found enthusiasm within the EU to brief against the AZ vaccine. Just what we need when 'vaccine hesitancy' is becoming an obstacle to mass vaccination programmes. Does the petulance of the EU know no bounds in its desire to cut off its nose to hide its failings?