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> AstraZeneca, which are between a rock and a hard place here, has agreed to supply the EU at cost For the sake of completeness AstraZeneca have agreed to supp
by DoingIsLearning 6y ago
> AstraZeneca, which are between a rock and a hard place here, has agreed to supply the EU at cost
For the sake of completeness AstraZeneca have agreed to supply all markets at cost, not just EU.
This was part of their contractual obligation with Oxford University.
The vaccine was developed with Oxford Uni funding, AstraZeneca signed an agreement to mass manufacture under the condition that it would be sold worldwide without a profit margin.
- mytailorisrich 6y agoThanks for giving details and to make clear that this is their global policy. They should indeed be commended for that.
- addicted 6y agoOxford University should be commended for that. We would all have been better off of Oxford had partnered with someone with more experience that hadn’t already messed up: 1) The scientific trials 2) Manufacturing the vaccine 3) The legal agreements they signed with various governments. Moderna, for example, has also fallen behind on their supplies but they signed sensible contracts (and followed sensible policies) and don’t have governments hounding them for more supplies.
- mytailorisrich 6y ago> Oxford University should be commended for that. If you go that way it depends on the terms of the deal and how much AstraZeneca is paying them. But yes, good on them for making that demand. AstraZeneca, a private commercial company, has agreed to produce a vaccine at cost in huge volumes and they should be commended for it in any case. As I said, not all Covid vaccines are produced at cost, some of them are even sold at, I suspect, eye watering margins.
- soperj 6y agoThanks for this, makes it much clearer. I do wonder though if there will be any Hollywood creative accounting there with the "no profit margin".