Pharmaceutical giants have renegotiated vaccine supply contracts with the EU, citing inflation, supply chain congestion and high demand for vaccines as reasons for raising prices. A similar rise in prices is expected in other markets.
According to the Financial Times, the price of the Pfizer-BioNTech Covid-19 vaccine is now € 19.50, up from € 15.50 previously, while the price of the Modern vaccine is now € 21.49.
Vaccine supply contracts were amended after the third phase of clinical trials showed that the vaccines of both companies were more effective than their competitors.
Studies have shown that Pfizer-BioNTech Covid-19 is 95% effective and Moderna is 94.1% effective.
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