Pfizer, Moderna Raise Prices Of Covid-19 Coronavirus Vaccines For European Union

Pfizer, Moderna Raise Prices Of Covid-19 Coronavirus Vaccines For European Union

access_time2021-08-02 09:00:55

Both Pfizer and Moderna have upped the prices of their Covid-19 coronavirus mRNA vaccines in their latest supply contracts to the European Union (EU). According to Reuters, each Pfizer/BioNTech vaccine dose will now be 19.50 euros, a 25% increase from the 15.50 euros previous price. That’s going from about $18.40 to $23.15 in U.S. dollars. That’s not an insignificant price hike. Imagine going into the store to find out that the price of your favorite “Harry Styles goes hunting” doll, your gluten-free water, or your bacon-covered hot dog has gone up by 25%.

Similarly, each dose of the Moderna vaccine will now be $25.50, which is around 21.50 in Euros and about a 13% increase from the prior 19 Euro price from the first procurement deal. Not exactly a Groupon for vaccines.

Now apparently, this is still lower than the previously agreed upon $28.50. However, orders for the Moderna Covid-19 vaccine orders have since been significantly larger than originally anticipated. This is in large part because parts of the European public have become more skeptical about the Astra-Zeneca and Johnson & Johnson Covid-19 vaccines as options, after very, very rare but serious blood clotting concerns emerged.



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