• Paul Hudson said US has a risk-sharing model that allows for manufacturing to start even before a vaccine has been approved through scientific trials, while Europe does not.

PARIS: The boss of pharma giant Sanofi, embroiled in a spat with France after saying it would give the United States first access to a coronavirus vaccine, said Europe should share more of the risk in its development.

Speaking to the Financial Times, chief executive Paul Hudson said the United States has a risk-sharing model that allows for manufacturing to start even before a vaccine has been approved through scientific trials, while Europe does not.

“That's a risk that we need to share," he insisted, adding: “The next step will be the vehicle to make sure we can support that capacity in manufacturing in Europe and the rest of the world."