The health secretary said on Tuesday that the U.K. government cancelled an agreement with French vaccine maker Valneva partly. This agreement was broken because it was clear that the COVID-19 shot wouldn’t be Approved by British regulators. Sajid Javid’s comments followed Valneva’s statement that said the government had terminated an agreement to buy at least 100 million doses of the vaccine.
The company immediately denied allegations that it had breached its contractual obligations. Javid responding to the lawmaker said that he couldn’t go into detail on the government’s decision because of commercial issues.Javid also added that it was clear that the Covid 19 vaccine manufactured by the company would not get approval from the Medicines and Healthcare Products Regulatory Agency in the U.K.
The company said that Valneva would have received up to $ 1.65 billion from the agreement if Britain took delivery of all 190 million doses. The government’s investment in Valneva’s COVID-19 vaccine was likely to support at least 100 high-paying jobs at the plant. Javid said the government would be working in unison with Scottish authorities on issues surrounding the Livingston plant.