Pfizer may price Covid-19 vaccine lower in India than in UK and US

Published On: Wednesday, December 16, 2020 | By: Team KnowMyStock

Pfizer has indicated that it will have differential pricing for different countries. In the US, the company has priced the vaccine for government procurement at $39 for two doses. In the UK, the vaccine is estimated to cost close to $40 for two doses. A Pfizer India spokesperson said the company would price the vaccine in a way that can help governments ensure there is little or no out-of-pocket costs for their population. As such, its global pricing strategy is dependent on volumes, advance commitments, and affordability. "Our vaccine approach is based on the principle of ensuring broad access and supplies to governments,’’ the spokesperson said. He added that the company remains ‘’committed to engaging with the government of India and exploring opportunities to make this vaccine available for use in the country."

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