According to "Le Canard Enchainé" [0] this is because: - They agreed not to make profits on the vaccines for the first year or so (that was imposed by Oxford

According to "Le Canard Enchainé" [0] this is because: - They agreed not to make profits on the vaccines for the first year or so (that was imposed by Oxford)[1] - There's no penalty for not reaching the delivery targets in their contract with the EU. So since they have no financial incentives in delivering more, they simply subcontracted the production, and are not making much effort in solving the various production issues. [0] A famous, print only, French political news-paper, which is generally considered quite reliable. [1] https://www.ft.com/content/c474f9e1-8807-4e57-9c79-6f4af145b686 https://www.ft.com/content/c474f9e1-8807-4e57-9c79-6f4af145b...