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| Pfizer expects to raise COVID vaccine price to $110-$130 per dose |
| 2022-10-21 |
| [Reuters via Nasdak] Pfizer Inc PFE.N expects to raise the price of its COVID-19 vaccine to about $110 to $130 per dose after the United States government's current purchase program expires, Pfizer executive Angela Lukin said on a call with analysts on Thursday. Lukin said she expects the vaccine will be made available at no cost to people who have private insurance or government paid insurance. The U.S. government currently provides the vaccine for free to all but pays about $30 per dose to Pfizer and German partner BioNTech SE 22UAy.DE. In 2023, the market is expected to move to private insurance after the U.S. public health emergency expires. It is not yet clear what kind of access people without health insurance will have to the vaccine. Pfizer said it expects the COVID-19 market to be about the size of the flu shot market on an annual basis for adults, but that the pediatric market would take longer to build based on shots given so far. Reuters earlier on Thursday reported that Wall Street was expecting such price hikes due to weak COVID vaccine demand. Lukin said she does not expect purchasing of the vaccines to transfer to the private sector until the first quarter of 2023 "at the earliest." The move is dependent on the government contracted supply being depleted. |
| Posted by:Besoeker |
| #8 If I understand things right, and help me if I'm off here, but what seems to be in the works is perpetual immunity from prosecution, the reasoning being that if children are required to get jabbed in order to attend school, or at least the broad recommendation to get jabbed as part of their yearly shots, then this is an ongoing emergency thus emergency powers stay in place 'until the emergency is resolved.' Testing is expensive and may show a flawed product, and if they are immune to damages, why? Call this a modified Epi Pen - remember back when the price of an Epi Pen like tripled almost overnight, and then a couple days later a law passed requiring a certain number of Epi Pens to be available at all times, at every school? I think every federal building as well. IIRC alternative treatments (generic brands) were outlawed and their proponents branded a public nuisance for wanting to play with peoples' lives. |
| Posted by: swksvolFF 2022-10-21 15:34 |
| #7 Calling Bull Sh!t in this situation seems like an insult to Bulls everywhere. (Except maybe in Chicago) Are they going to test this one first? |
| Posted by: AlanC 2022-10-21 14:59 |
| #6 Just in time for mandatory shots for school. How weird. Pfizer said it expects the COVID-19 market to be about the size of the flu shot market on an annual basis for adults, but that the pediatric market would take longer to build based on shots given so far. So they admit, right there in front of your nose, it is a market driven decision. Reuters earlier on Thursday reported that Wall Street was expecting such price hikes due to weak COVID vaccine demand. Bull Shit. |
| Posted by: swksvolFF 2022-10-21 10:12 |
| #5 Never mentioned is the fact that free is usually priced appropriately. |
| Posted by: M. Murcek 2022-10-21 09:52 |
| #4 not free at all , the taxpayers have been paying for it |
| Posted by: Chris 2022-10-21 09:34 |
| #3 Oh, it's still 'free' - no cost to people who have insurance. |
| Posted by: Bobby 2022-10-21 07:53 |
| #2 Wait, I thought it was 'free'! |
| Posted by: Bobby 2022-10-21 07:52 |
| #1 Reuters earlier on Thursday reported that Wall Street was expecting such price hikes due to weak COVID vaccine demand. "Demand" dying off is it ? |
| Posted by: Besoeker 2022-10-21 07:33 |