February 7, 2023

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Coronavirus Vaccines: How Much Will They Cost After Government Contracts?

The year 2023 is expected to be the end of government contracts with pharmaceutical companies for vaccines against the coronavirus. the Pfizer Moderna is expected to officially announce commercial prices for vaccines in the near future.

From the prices announced so far, $130 is the limit. Of course, according to pharmaceutical company executives, the vaccine will be given free to people who have private or public insurance.

Between 110-130 dollars is the price of the Pfizer vaccine

According to ReutersPfizer is expected to quadruple the price of its coronavirus vaccine to about $110 to $130 a dose after the current US government procurement program ends. The government is currently about $30 per dose for Pfizer and German partner BioNTech SE. In 2023, vaccines will be commercially available after the public health emergency ends in the United States.

In terms of market size, Pfizer said it expects the market to be about the size of the annual adult flu vaccine market, while the pediatric market will take longer to build based on the vaccines introduced to date. About 14.8 million people in the United States receive a booster dose of the vaccine within the first six weeks of its release. During the 2021 revaccination campaign, more than 22 million people received the third vaccine, although only the elderly and immunocompromised were eligible at that point.

Lukin, CEO of Pfizer, said she expects vaccine procurement to be moved to the private sector by the first quarter of 2023. The move is contingent on depleting government-contracted supplies.

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Same price as Moderna

Like Pfizer, it does, too accident It is expected to set the price between $110 and $130 per dose, According to a Wall Street Journal report. The price range under consideration is similar to that of Pfizer Inc. It announced in October that it was testing the vaccine it developed with BioNTech SE.

Also, the expected price for commercial insurers will be much higher than the cost of a dose in supply contracts with the federal government.

How much do booster shots cost?

Moderna’s upgraded booster vaccines cost about $26 per dose under a federal supply contract signed in July 2022. The original vaccine cost about $15 to $16 a dose under previous supply contracts.

So far, the federal government has purchased all doses of Covid-19 vaccines and made them freely available to consumers. After supplies guaranteed under federal contracts run out, US officials said, companies will have to turn to standard commercial distribution.

In discussions with hospitals and pharmacies

Mr. Bancel said Moderna is in talks with hospital and pharmacy systems and pharmacy benefit managers to align distribution of its vaccine ahead of a potential campaign to suggest people get the booster drug in the fall.

Senior officials said Monday they expect minimum sales of Covid-19 vaccines of about $5 billion for 2023, with an option to buy more doses. For the whole of 2022, sales of Covid-19 vaccines were recorded at about $18.4 billion.

The company is increasing its focus on potential new products beyond a Covid-19 vaccine, such as a respiratory virus vaccine, or RSV. Moderna expects to report results soon from a large study of its RSV vaccine, Bancel said.

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