Pfizer, Moderna to raise COVID vaccine prices for Europe | Al Jazeera Newsfeed

Pfizer, Moderna to raise COVID vaccine prices for Europe | Al Jazeera Newsfeed

it’s perhaps an unwanted reminder of all the cash flows and the business dealings that underpin the global vaccine rollout but it is a reminder of course that this is essentially a business that needs to be kept afloat and pharmaceutical companies are out to make a profit whether it’s a large profit or a small small profit and of course that raises a whole raft of different ethical questions as well but according to the latest contract between fisa moderna and the european union there will be a price hike for their shots uh in the imminent future according to uh figures seen by the financial times the new price for a fighter shot will be 23 dollars up from 18. moderna will go up to 25.50 up to up from 22.60 this of course says eu countries are very keen and anxious to stamp out uh the spread of the delta variant also comes at a time in which uh countries in the eu and beyond the eu are mulling the possibility of administering a third dose a booster jab to improve efficacy so far only israel has approved use of a third dose a booster jab in the over 60s we know that research is happening here in the uk and britain and other countries may well follow suit and all of this of course means a potential uh windfall for both moderna and pfizer as well after phase three trials both of these vaccines have been proven to be more effective than their rivals than the astrazeneca uh jab and the johnson and johnson jab so essentially both of these companies have a captive audience in the european union the european commission just to remind you of course was accused early on of not acting quickly enough when it came to the vaccine rollout and what it’s doing now is proving that it’s willing to throw an awful lot of money at buying a premium product that is proven to work across the board according to one figure who was close to the negotiations said he said that the companies had capitalized on their market power and deployed the usual pharma rhetoric essentially the vaccines work time to ramp up the price you
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Pfizer, Moderna to raise COVID vaccine prices for Europe | Al Jazeera Newsfeed

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