Pfizer, Moderna raise prices for COVID-19 vaccines

PFIZER Inc (PFE.N) and Moderna Inc (MRNA.O) have raised the prices of their COVID-19 vaccines in their latest European Union supply contracts.

  Financial Times Newspaper on Sunday stated that the new price for the Pfizer shot was 19.50 euros ($23.15) against 15.50 euros before, citing portions of the contracts seen.

  It went further to reveal that the price of a Moderna vaccine before was $25.50 a dose, the contracts show, 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 company explained, Pfizer declined to comment on the contract with the European Commission, citing confidentiality. “Beyond the redacted contract(s) published by the EC, the content remains confidential and so we won’t be commenting”.

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

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