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EU buys 500 million more vaccine doses from Moderna, Pfizer

The European Union announces that it has agreed to buy a further 300 million doses of Moderna’s vaccine against COVID-19 and was injecting almost a quarter of a billion euros (almost $300 million) into efforts to counter the threat of coronavirus variants that are spreading on the continent.

The news came hours after Pfizer and BioNTech said they had signed a deal to deliver an additional 200 million doses of their vaccine to the bloc.

The EU Commission says its second contract with Moderna provides for an additional purchase of 150 million doses in 2021 and an option to purchase an additional 150 million in 2022. Should the EU have enough supplies by then it will consider donating the vaccine shots to lower- and middle-income countries.

Illustrative: A medical assistant prepares a dose of the Pfizer-BioNTech COVID-19 vaccine at a vaccination center at the University of Nevada, Las Vegas, January 22, 2021. (AP Photo/John Locher, File)
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