Pfizer, Moderna raise prices for Covid-19 vaccines in European Union

By Administrator_ India

Capital Sands

Pfizer Inc and Moderna Inc 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 showed, 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 terms of the deals —struck this year and covering up to 2.1 billion shots until 2023 —were renegotiated after Phase 3 clinical trial data showed vaccines from the two companies are more effective than some rivals, it said.

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

In May, the EU said it expects to have received more than a billion doses of vaccines by the end of September from four drugmakers.

Pfizer and Moderna were not immediately available for comment to Reuters.

More nations that are a part of the block are making vaccination mandatory to access social life with ease.

France recently witnessed widespread demonstrations against what the people saw as a form of dictatorship. Germany’s government was also set to recommend the vaccine for all 12- to 17-year-olds on Monday, the Associated Press reported, citing a draft resolution ahead of a planned meeting of state-level health ministers.

Leave a Reply

Your email address will not be published. Required fields are marked *

Next Post

Schools to reopen in UP for classes 9-12 from Aug 16 with 50% attendance

By Administrator_ India Capital Sands Schools in Uttar Pradesh will resume classes 9 to 12 from August 16, but with 50 percent attendance, according to an order issued by the state government on Monday. Apart from this, instructions have also been issued for commencement of classes in higher educational institutes from September 1, […]

You May Like

Subscribe US Now

Error: Your Requested widget " newsletterwidget-2" is not in the widget list.
  • [do_widget_area fullwidth-homepage-sidebar]
    • [do_widget_area sidebar-1]
      • [do_widget id="search-2"]
      • [do_widget id="recent-posts-2"]
      • [do_widget id="archives-2"]
      • [do_widget id="categories-2"]
    • [do_widget_area widgets_for_shortcodes]
      • [do_widget id="newsletterwidget-2"]
    • [do_widget_area wp_inactive_widgets]