How much will a COVID-19 vaccine cost?
The vaccines will be approved after clinical trials.
The United States government has signed a $2 billion deal with the New York-based Pfizer and German BioNTech to purchase 100 million doses of an effective Covid-19 vaccine. This deal has set a benchmark price for the vaccine.
To support the Coronavirus vaccine development program, the US and other governments worldwide had already signed agreements with the pharmaceutical companies that promised to deliver millions of vaccine shots. However, this is the first instance a specific price has been outlined for an effective vaccine.
The agreement states that each pharmaceutical company will produce and deliver 50 million doses of the Covid-19 vaccine to the US government. The vaccines will be approved after clinical trials.
According to details, each Pfizer and BioNTech Covid-19 vaccine will be a 2-dose treatment course. One dose is priced at $20, so the total treatment will cost about $40.
Peter Pitts, President, and Co-founder of the Center for Medicine in the Public Interest said:
The average price for a flu vaccine is around $40 as well. It looks good with that comparison. It is well within the ballpark of reasonableness.
This development has put pressure on other manufacturers of effective Covid-19 vaccines, as they will have to set comparable prices to the one agreed upon in the tripartite agreement.
Although an effective vaccine is crucial to bring an end to the Coronavirus pandemic that has crippled economies all over the world, a conclusion can truly be possible if the vaccine is readily available to all. The governments of the affected countries must ensure a worldwide fair distribution of the vaccine and prevent pharmaceutical companies from making colossal profits from this global health crisis.
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