Pfizer and Moderna raise prices for COVID-19 vaccines in EU- FT – Reuters

Vials with Pfizer-BioNTech and Moderna coronavirus disease (COVID-19) vaccine labels are seen in this illustration picture taken March 19, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

Aug 1 (Reuters) – 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, the Financial Times reported on Sunday.

The new price for the Pfizer shot was 19.50 euros ($23.15)against 15.50 euros previously, the newspaper said, citing portions of the contracts seen.

The price of a Moderna vaccine 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 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. read more

In May, the EU said it expects to have received more than a billion doses of vaccines by the end of September from four drugmakers. read more

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

($1 = 0.8425 euros)

Reporting by Sabahatjahan Contractor in Bengaluru; Editing by Louise Heavens and Giles Elgood

Our Standards: The Thomson Reuters Trust Principles.

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