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COVID-19 vaccine | Sputnik V to be priced much lower than Moderna, Pfizer vaccines

Moderna CEO Stephane Bancel has said their COVID-19 vaccine would cost the same as a flu shot which is between $10-$50.
Nov 22, 2020 / 06:19 PM IST
Representative image
Representative image

Hours after the US pharmaceutical giant Moderna said it would charge governments between $25 and $37 per dose for its COVID-19 vaccine candidate, Russian drugmaker Sputnik V claimed that its vaccine would be cheaper than those of Pfizer and Moderna.

"Translating pharma lingo: the announced price of Pfizer of $19.50 and Moderna of $25-$37 per dose actually means their price of $39 and $50-$74 per person. Two doses are required per person for the Pfizer, Sputnik V and Moderna vaccines. The price of Sputnik V will be much lower," Sputnik V wrote on Twitter on November 22.

Moderna to charge $25-$37 for COVID-19 vaccine, says CEO

While speaking with the German weekly Welt am Sonntag (WamS), Moderna CEO Stephane Bancel had said their COVID-19 vaccine would cost the same as a flu shot which is between $10-$50.

In its earlier announcement, Moderna had claimed that its experimental vaccine is 94.5 percent effective, which is based on the interim data from the last-clinical trial. With this, Moderna has become the second developer after Pfizer and its partner BioNTech to report results that far exceeded expectations.
Moneycontrol News

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