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COVID-19 VACCINE DEMANDS: Pfizer And Moderna To Shoot Up Prizes

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The biggest COVID-19 vaccine manufacturers, Pfizer and Moderna are reportedly increasing the price of their jabs for the EU.  This is perhaps an unwanted reminder of the fact that all the cash flows and the business dealings that underpin the global vaccine rollouts are rather essentially businesses and a profit-making venture.

According to the latest contract between Pfizer, Moderna, and the European Union, there will be a price hike for their shots in the imminent future according to figures seen by financial times. The new price for a Pfizer shot will go up to $23 from $18, while Moderna may go up to $25.50 from $22.60.

This is coming on the determination of the EU countries to stamp out the spread of the Delta variant mutation of the covid-19 virus with speed.  It also comes at a time when countries around the world are discussing the possibility of administering a third dose of booster jab to improve the efficacy of the vaccines against the ravaging disease.

So far only Israel has approved the use of the third dose of booster jab and the EU, the UK, even the rest of the world may as well go in the same direction as scientists and researchers are weighing those options, which means a potential windfall for both Madonna and Pfizer as well.

Meanwhile, both Pfizer and Moderna vaccines have been proven to be more effective than their rivals like the AstraZeneca vaccine, and the Johnson and Johnson vaccine after phase three trials, endearing them to the audience in the European Union and the European Commission.

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