Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
Monday 21 December 2020 3:29 pm  |  Updated:  Monday 21 December 2020 3:30 pm

EU regulator gives green light to Pfizer/Biontech coronavirus vaccine

By: Harry Robertson

Add as a preferred source on Google
EU regulator gives green light to Pfizer/Biontech coronavirus vaccine
The EU's medicines regulator has cleared the Pfizer/Biontech vaccine for approval, shifting the focus to the European Commission

Countries in the European Union could be rolling out coronavirus jabs within a week after the EU regulator approved the use of the Pfizer/Biontech vaccine.

The European Medicines Agency (EMA) today recommended the EU should authorise the vaccine after finding it safe and effective. A decision from the European Commission is expected later today.

The approval comes as a new strain of coronavirus in the UK has caused EU countries to ban travel from Britain. UK Prime Minister Boris Johnson yesterday said the new strain could be up to 70 per cent more contagious than the old one.

However, officials from the EMA told a news conference today that it was very likely the vaccine would work against the new variant of the coronavirus.

With the vaccine receiving the green light from medical regulators, the attention now turns to the European Commission.

“Now we will act fast. I expect a European Commission decision by this evening,” Commission president Ursula von der Leyen said on Twitter.

Countries such as Germany, France, Austria and Italy have said they will start giving out the jab from 27 December.

EMA finds vaccine safe and effective

The UK was the first country to approve the Pfizer/Biontech vaccine – which was developed by the US and German pharmaceutical companies – and started giving jabs in early December. The US followed suit and is also rolling out vaccines.

In its statement announcing its decision, the EMA said it found the vaccine to be 95 per cent effective.

“Today’s positive news is an important step forward in our fight against this pandemic, which has caused suffering and hardship for so many,” said Emer Cooke, executive director of EMA. 

“We have achieved this milestone thanks to the dedication of scientists, doctors, developers and trial volunteers as well as many experts from all EU member states.

“Our thorough evaluation means that we can confidently assure EU citizens of the safety and efficacy of this vaccine and that it meets necessary quality standards.”

Read more

Regulator wins decade-long pricing tussle with Pfizer

Hikma reported a jump in profit for 2024

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business

Related Topics

  • Coronavirus
  • International
  • Vaccine

Trending Articles

  • Top Burnham adviser calls for capital gains and inheritance tax hikes

  • Clarkson’s Farm and why businesses must stop blaming the weather

  • Two solicitors linked to Post Office scandal charged with misconduct

  • Lloyd’s deputy chair: The City is a club in the best sense

  • A meeting with the breakfast king of Mayfair

More from City PM

  • Regulator wins decade-long pricing tussle with Pfizer

    Legal
    Hikma reported a jump in profit for 2024
  • ARIS Announced as Exclusive Process Intelligence Launch Partner for AWS European Sovereign Cloud

    Business Wire
  • Northern Trust Receives Approval for New EU Banking Branch in Ireland

    Business Wire
  • Flying at Heathrow will cost ‘significantly more’ due to third runway bid

    Transport & Infrastructure
    Heathrow and several European airports are suffering from a cyber attack.
  • Starmer weighs cut to EU student fees in bid for Brexit reset

    Politics
    Prime Minister Keir Starmer speaks at a press conference addressing future leadership rumours, wearing a navy suit and tie.
  • NIKE, Inc. Announces Planned CFO Transition

    Business Wire
  • Brexit ten years on: my journey from Remain to Leave

    Opinion
    UK Parliament voting on Brexit Leave decision, politicians in debate, capturing pivotal moment in Brexit negotiations
  • A decade after Brexit, what does the City want next?

    Banking
    European Business Alliance meeting discussing economic growth strategies, with diverse leaders engaging in a roundtable di...

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy