Saturday, October 16, 2021

EU designates $35 billion for new health crisis agency

After being caught off guard in the early days of the COVID-19 pandemic, a new Health and Emergency Response Authority (HERA) designed to prevent and respond rapidly to health emergencies, an EU official said on Thursday. The consortium is assigning a $35 billion designation.

In her Union speech on Thursday, European Commission President Ursula von der Leyen noted the need to create a new biomedical authority to avoid mistakes made during the pandemic and better respond to similar crises in the future.

Von der Leyen said the goal is to “ensure that no virus will ever turn a local pandemic into a global pandemic again.”

Funding for HERA

EU leaders laid out plans for HERA in Brussels on Thursday, saying it would be set up to anticipate threats and potential health crises through intelligence-gathering and by building necessary medical and research response capabilities .

In a statement, the EU said that an initial $7 billion for HERA would come out of the current 2022-27 budget framework, but EU Health and Food Safety Commissioner Stella Kyriakides told reporters that the amount would increase to about Rs. will be $35 billion. Security preparedness and response is carried out through other EU programmes.

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access to essential information

The EU plan for HERA calls for the development, production and distribution of drugs, vaccines and other medical countermeasures such as gloves and masks that were often lacking during the first phase of the coronavirus response.

European Internal Market Commissioner Thierry Breton said this would require more rapid access to information and “a more structured and firm dialogue with the industrial community, and the pharmaceutical industry in particular.”

He said that in the early days of the pandemic, EU leaders lacked critical information about what was available and what was needed.

The European Union said the first steps towards building HERA were taken earlier this year, and they expect it to be fully operational by early 2022.

Some information for this report has been obtained from The Associated Press.

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