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Moderna Inc is planning to price its coronavirus vaccine at $50 to $60 per course, at least $11 greater than one other vaccine from Pfizer Inc and BioNTech, the Financial Times reported on Tuesday, citing unnamed sources.
Moderna’s proposed price for a two-dose course offered to governments compares with $39 for 2 doses beneath a deal that Pfizer Inc and German companion BioNTech struck with the US authorities.
Industry analysts stated Pfizer and BioNTech’s $2 billion deal to cowl 50 million sufferers, which is contingent on an approvable product, would probably strain different producers to set comparable costs.
Moderna’s proposed price would apply to the United States and different high-income nations, in accordance to the report.
A Moderna spokesperson stated the corporate was in discussions with governments about potential provide of the vaccine, known as mRNA-1273, however didn’t present any particulars on pricing “given the confidential nature of the discussions and contracts.”
The remaining price for Moderna’s Covid vaccine has but to be decided, an individual conversant in the discussions informed Reuters.
Pfizer, Moderna and Merck & Co have stated they plan to promote their vaccines at a revenue, whereas some drugmakers, together with Johnson & Johnson have introduced plans to price their vaccines on a not-for-profit foundation.
AstraZeneca Plc agreed to present the United States 300 million doses of its potential vaccine in change for $1.2 billion in upfront funding, which works out to $4 per dose.
The U.S. authorities has offered Moderna with almost $1 billion in funding to help its analysis and growth efforts for its potential Covid-19 vaccine.
The funding is a part of “Operation Warp Speed,” an initiative by the Trump administration to hasten the manufacturing of an inoculation for Covid-19, which has thus far killed round 650,000 individuals worldwide.
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