financetom
Business
financetom
/
Business
/
EU court criticises Commission over handling of COVID vaccine contracts
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
EU court criticises Commission over handling of COVID vaccine contracts
Jul 17, 2024 3:40 AM

BRUSSELS, July 17 (Reuters) - Europe's second-highest

court on Wednesday criticised the European Commission for a lack

of transparency over COVID-19 vaccine contracts four years ago,

a day before a key vote on Commission head Ursula von der

Leyen's bid for a second term.

Some European lawmakers have been highly critical of the

Commission's handling of the multibillion-euro contracts, and in

particular for not disclosing text messages between von der

Leyen and the boss of drugmaker Pfizer ( PFE ) about one of the

contracts. The Commission says she did not keep the messages.

The Commission signed deals with COVID vaccine supplies

AstraZeneca ( AZN ), Sanofi, GSK, Johnson &

Johnson ( JNJ ), BioNTech, Pfizer ( PFE ), Moderna ( MRNA )

and others at the height of the pandemic.

Some European Parliament lawmakers asked for access to the

documents to understand the terms and contracts. However, the

Commission provided only partial access and redacted some of the

documents, saying this was done to protect commercial interests

and the decision-making process.

The lawmakers took their grievances to the Luxembourg-based

General Court and judges on Wednesday upheld their challenge.

"The Commission did not give the public sufficiently wide

access to the purchase agreements for COVID-19 vaccines," they

said.

"The Commission did not demonstrate that wider access to

those clauses would actually undermine the commercial interests

of those undertakings," the court added. It also rejected the EU

executive's privacy arguments.

The Commission said it would study the court's judgments and

their implications and reserve its legal options. It can appeal

to the Court of Justice of the European Union, Europe's highest.

The Commission should now be more open about its

decision-making procedures after the judgment, said lawmaker Kim

van Sparrentak, who together with colleagues took the complaint

to the court.

"This ruling is significant for the future, as the

Commission is expected to undertake more joint procurements in

areas like health and defence," she said.

"The new Commission must now adapt their handling of access

to documents requests to be in line with today's ruling."

The European Parliament is due to vote on Thursday on von

der Leyen's bid for a second five-year term.

The European Ombudsman in 2022 accused the Commission of

maladministration for not disclosing von der Leyen's text

messages with Pfizer ( PFE ) chief Albert Bourla.

The New York Times has sued the Commission over its failure

to release the text messages.

The cases are T-689/21 Auken and Others v Commission and

T-761/21 Courtois and Others v Commission.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Medtronic Sued by Hexagon Health for Alleged Patent Infringement
Medtronic Sued by Hexagon Health for Alleged Patent Infringement
Nov 13, 2024
01:21 PM EST, 11/13/2024 (MT Newswires) -- Medtronic ( MDT ) is being sued by Hexagon Health for the alleged infringement of three patents related to hernia mesh treatment devices, Hexagon Health said Wednesday. The lawsuit claims that Medtronic ( MDT ) copied Hexagon Health's designs when developing the Dextile hernia mesh repair device and that the medical device maker...
Amkor Technology Ups Quarterly Dividend, to Pay Special Dividend
Amkor Technology Ups Quarterly Dividend, to Pay Special Dividend
Nov 13, 2024
01:22 PM EST, 11/13/2024 (MT Newswires) -- Amkor Technology ( AMKR ) said Wednesday it will increase its quarterly dividend 5% to $0.08269 per share and also pay a special dividend of $0.40546 a share. The dividends will be payable Dec. 23 to shareholders of record on Dec. 4. Price: 26.43, Change: -0.05, Percent Change: -0.21 ...
Formula One-Owner Liberty Media to Spin Off Liberty Live Group; CEO to Step Down
Formula One-Owner Liberty Media to Spin Off Liberty Live Group; CEO to Step Down
Nov 13, 2024
01:15 PM EST, 11/13/2024 (MT Newswires) -- Liberty Media ( LLYVB ) (LLYVA, LLYVK) announced plans on Wednesday to spin off Liberty Live Group into a separate public company while saying that long-time Chief Executive Greg Maffei will step down at the end of 2024. Prior to the split-off, Quint would be reattributed from the Formula One Group (FWONA, FWONK)...
Carrier Global Focus on Execution, Order Momentum Signal Positive Prospects, UBS Says
Carrier Global Focus on Execution, Order Momentum Signal Positive Prospects, UBS Says
Nov 13, 2024
01:29 PM EST, 11/13/2024 (MT Newswires) -- Carrier Global's ( CARR ) increased focus as a pure play heating, ventilation, and air conditioning company, following $8 billion divestitures, indicates positive growth prospects, according to UBS. At the same time, order trends have improved, the firm said in a note sent Wednesday. Based on our assessment of order activity and a...
Copyright 2023-2026 - www.financetom.com All Rights Reserved