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Tuesday, Sep 28, 2021

$30 billion is not enough: Pfizer and Moderna raise prices for COVID-19 vaccines in EU

$30 billion is not enough: Pfizer and Moderna raise prices for COVID-19 vaccines in EU

Pfizer Inc (PFE.N) and Moderna Inc (MRNA.O) have raised the prices of their COVID-19 vaccines in their latest European Union supply contracts, the Financial Times reported on Sunday.
The new price for the Pfizer shot was 19.50 euros ($23.15)against 15.50 euros previously, the newspaper said, citing portions of the contracts seen.

The price of a Moderna vaccine was $25.50 a dose, the contracts show, up from about 19 euros in the first procurement deal but lower than the previously agreed $28.50 because the order had grown, the report said, citing one official close to the matter.

The European Commission said on Tuesday that the EU is on course to hit a target of fully vaccinating at least 70% of the adult population by the end of the summer.
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