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

© Reuters. FILE PHOTO: Vials with Pfizer-BioNTech and Moderna coronavirus illness (COVID-19) vaccine labels are seen on this illustration image taken March 19, 2021. REUTERS/Dado Ruvic/Illustration/File Picture

(Reuters) -Pfizer Inc and Moderna (NASDAQ:) Inc have raised the costs of their COVID-19 vaccines of their newest European Union provide contracts, the Monetary Occasions reported on Sunday.

The brand new value for the Pfizer (NYSE:) shot was 19.50 euros ($23.15)towards 15.50 euros beforehand, the newspaper stated, citing parts of the contracts seen.

The value of a Moderna vaccine was $25.50 a dose, the contracts present, up from about 19 euros within the first procurement deal however decrease than the beforehand agreed $28.50 as a result of the order had grown, the report stated, citing one official near the matter.

The European Fee stated on Tuesday that the EU is on target to hit a goal of absolutely vaccinating at the very least 70% of the grownup inhabitants by the top of the summer time.

In Might, the EU stated it expects to have obtained greater than a billion doses of vaccines by the top of September from 4 drugmakers.

Pfizer and Moderna weren’t instantly obtainable for remark to Reuters.

($1 = 0.8425 euros)

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