Moderna To Raise The Cost Of Vaccine To 5 Times Original Price

Looks like the COVID vaccine price wars have begun!
FORT LAUDERDALE, FLORIDA - DECEMBER 23: Leonida Lipshy, RN in the COVID unit at the Broward Health Medical Center, gives Dr. Nadav Fields, DO., internal medicine, Broward Health Imperial Point, a shot of the Moderna COVID-19 vaccine on December 23, 2020 in Fort Lauderdale, Florida. Broward Health Medical Center began vaccinating frontline healthcare workers last week with the Pfizer-BioNtech COVID-19 vaccine and are continuing to inoculate frontline caregivers with both of the vaccines after the arrival of the Moderna. (Photo by Joe Raedle/Getty Images)

At a glance

  •  Moderna CEO Stéphane Bancel told The Daily Mail the cost of their COVID vaccine would be going up in order to compete with rival Pfizer.
  • “Americans can expect to pay around $130 for the vaccine, which is estimated to cost just $1.18 to make, representing a 10,000 percent markup. The vaccine is currently sold for $26 a dose,” reported The Daily Mail.
  •  “It’s going up a little bit because the previous price was massively discounted… we got help from the US Government,” Bancel told The Daily Mail.

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