Read in Full: EU – AstraZeneca Agreement

The EU-AstraZeneca agreement has been published as the bloc’s heated row with the company enters its fifth day.

Earlier this week AstraZeneca CEO Pascal Soriot was defending his company by explaining they signed up to a “best effort” in the agreement with the EU.

“… we didn’t commit with the EU, by the way. It’s not a commitment we have to Europe: it’s a best effort, we said we are going to make our best effort. The reason why we said that is because Europe at the time wanted to be supplied more or less at the same time as the UK, even though the contract was signed three months later. So we said, “ok, we’re going to do our best, we’re going to try, but we cannot commit contractually because we are three months behind UK”.”

The agreement appears to backs up this interpretation, saying…

“AstraZeneca has committed to use its Best Reasonable Efforts (as defined below) to build capacity to manufacture 300 million Doses of the Vaccine, at no profit and no loss to AstraZeneca, at the total cost currently estimated to be [REDACTED] Euros for distribution within the EU [REDACTED] (the “Initial Europe Doses”), with an option for the Commission, acting on behalf of the Participating Member States, to order an additional 100 million Doses (the “Optional Doses”).”

And goes on to define Best Reasonable Efforts as meaning:

“(a) in the case of AstraZeneca, the activities and degree of effort that a company of similar size with a similarly-sized infrastructure and similar resources as AstraZeneca would undertake or use in the development and manufacture of a Vaccine at the relevant stage of development or commercialization having regard to the urgent need for a Vaccine to end a global pandemic”

Read the document in full below:

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