Pfizer, Moderna raise Covid-19 vaccine prices in EU — report

BENGALURU (Aug 1): 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 (US$23.15) against €15.50 previously, the newspaper said, citing portions of the contracts seen.

The price of a Moderna vaccine was US$25.50 a dose, the contracts show, up from about €19 (US$22.60) in the first procurement deal but lower than the previously agreed US$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 was on course to hit a target of fully vaccinating at least 70% of the adult population by the end of the summer.

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

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

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