On vaccines, the EU is getting what it paid for
Remember when the EU was going to provide an antidote to the spectre of vaccine nationalism? While Italian authorities are raiding pharmaceutical plants for vaccines, the European Commission is pushing for measures to block vaccine exports to countries that do not ‘reciprocate’. Unfortunately, European authorities have it exactly backward. Instead of seeking to expand the existing supply, their ham-fisted policies risk having the opposite effect. The ongoing war on AstraZeneca is bound to make every pharmaceutical firm think twice before signing a contract with the EU. And with vaccine production chains spanning across numerous jurisdictions, including non-members of the EU, export restrictions increase legal uncertainty and can disrupt supplies further.