Moderna Prices COVID Vaccine Higher than Others

Aug. 6, 2020 — Moderna is charging $37 a dose for its experimental vaccine, which is significantly more than what other providers say they approach to demand for their vaccines, CBS News described Wednesday.

Mainly because two doses of the vaccine are necessary to immunize men and women from COVID-19, total expenditures could be $seventy four for each individual.

Moderna’s vaccine is now in phase 3 trials and the corporation is self-confident that the vaccine — their very first professional product — will be accessible by the finish of the yr.

Previous week, Sanofi and GlaxoSmithKline signed a offer with the U.S. authorities to create 100 million doses of a vaccine for about $ten.50 each and every, according to calculations from analyst Mani Foroohar, of the brokerage organization SVB Leerink.

Meanwhile, Pfizer has reported it will price its vaccine at $19.50 for each dose.

In a conference contact with analysts, Moderna executives reported they have been charging concerning $32 and $37 for doses of the company’s vaccine. That is practically 90% more than Pfizer is charging, and triple the value of Sanofi-GSK’s vaccine, CBS described.

“We are performing with governments all-around the world, and ours, to make sure the vaccine is available irrespective of our capacity to pay,” Moderna CEO Stephanie Basel reported in the course of the contact, CBS News described. “And we will be accountable on price, properly under worth, in the course of the pandemic.”

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