Sanofi CEO: Coronavirus vaccine should reach all regions

Pharma giant was admonished by French government for suggesting some countries would get priority access

Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here.

PARIS - Sanofi chief executive Paul Hudson on Thursday said it was vital that any coronavirus vaccine reach all regions, hours after the pharmaceutical giant was admonished by the French government for suggesting some countries would get priority access.

CORONAVIRUS VACCINE DEVELOPMENT COULD COST $1B

Hudson said he understood why his remarks on Wednesday that any vaccine developed by Sanofi in the United States could go to U.S. patients first had created such a storm.

But he added that real debate was needed in Europe over how European Union countries could move faster collectively in the hunt for a new vaccine and that Sanofi had been pushing the bloc for months to do so.

WHAT ARE ALL THE CORONAVIRUS TESTING METHODS?

“I’ve been campaigning on European readiness to treat COVID-19 for months ... building capacity in Europe, making sure we are ready, getting governments in the EU aligned,” Hudson told an event organised by the Financial Times.

Paul Hudson, chief executive officer of Sanofi, arrives for the company's annual earnings news conference in Paris, France, on Thursday, Feb. 6, 2020. Photographer: Marlene Awaad/Bloomberg via Getty Images

Sanofi is working on two vaccine projects against COVID-19, including one with British rival GlaxoSmithKline Plc that has received money from the Biomedical Advanced Research and Development Authority (BARDA) of the U.S. Health Department.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

BARDA had been swift to collaborate with pharmaceuticals in the hunt for a coronavirus vaccine, he said.

Ticker Security Last Change Change %
SNY SANOFI 49.28 +0.59 +1.21%

“My comments are around whether we continue to make sure we are in a similar position in Europe,” Hudson said. “It was never a choice. We need to get vaccines to everybody around the world.”

CLICK HERE TO READ MORE ON FOX BUSINESS