Serge Weinberg issues sharp reversal as board, French government react to CEO Paul Hudson’s vaccine remarks – Endpoints News
Posted: May 16, 2020 at 3:47 am
Sanofi chair Serge Weinberg on Thursday walked back entirely his CEO Paul Hudsons remarks that the US would have the right to the largest pre-order of the French drugmakers Covid-19 vaccine, should it be complete.
There will be no particular advance given to any country, Weinberg told France 2 television, according toReuters. The comments of our CEO have been altered. We consider vaccines as a common good.
Weinbergs comments joined a chorus among the board and the French government over the comments made Wednesday by Hudson, who insists he was misunderstood and had been calling only for Europe to take stronger action to support the development of a vaccine.
Remarking that a vaccine should be for the public good and that Hudsons comments affected French President Emmanuel Macron, a government official toldBloombergHudson and other Sanofi leadership were called to the presidential residence at the lyse Palace for a meeting. Earlier Thursday morning, when news of Macrons dissatisfaction first surfaced, Hudson said in an interview for the Financial Times Global Boardroom that it was news to him that the president wanted a meeting.
French Prime Minister douard Philippe also spoke out, saying on Twitter that a vaccine against Covid-19 should be a public good for the world.
After the company issued an initial statement walking back Hudsons comments on Wednesday saying that US production will be mainly for the US and ex-US production for Europe and the globe Weinberg and other members of Sanofis board spoke out out in greater force on Thursday.
Olivier Bogillot, chairman of Sanofis French unit, appeared on BFM Television and said there was no question about what would happen.
Obviously, if Sanofi makes a breakthrough on a vaccine for Covid-19 and it is effective, it will be made available to all, he said.
Hudson, appearing for a scheduled interview at the FT virtual conference, tried to clarify his remarks. The still relatively new CEO had toldBloombergthat the US would get the largest pre-order because the US bio-defense agency BARDA had financed their Covid-19 effort, backing it with a $30 million grant this year. He urged Europe to make a similar effort so countries on the continent dont get left behind.
What Im trying to say everywhere I go is that the US has BARDA, which is like a biological research group that gets ahead of these things earlier to get people ready and to try to make sure the necessary capacity is built and the risks are shared, he said. My comments are really around what do we need to do to make sure were in a similar position in Europe. It was never a choice. We need to get vaccines to everybody.
Experts warn, though, that when Covid-19 vaccines do arrive, they will come in batches, forcing potentially difficult decisions about who gets the first doses. AstraZeneca CEO Pascal Soriot said last month that the UK would get early access to the vaccine they are producing with Oxford University.
Ousted BARDA chief Rick Bright said at a whistleblower hearing Thursday that the US has a placeholder to order doses from some of the vaccine companies it funded. The agency has put around $1 billion to back J&J and Modernas efforts. In addition to the $30 million this spring, the agency has given Sanofi and its recombinant vaccine subsidiary Protein Sciences hundreds of millions in grants over the last 15 years.
The United States has a placeholder with some of those companies to be able to place orders for those vaccines when they are available, Bright said. And we did everything possible to ensure that those investments were in companies that would build capacity in the United States to manufacture those vaccines. We had to get in line first.
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Serge Weinberg issues sharp reversal as board, French government react to CEO Paul Hudson's vaccine remarks - Endpoints News
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