Moderna Sets High Coronavirus Vaccine Pricing Bar In Small, Early Deals

The company has executed $400m worth of deals with smaller governments reflecting a $32-$37 price per dose for the two-shot mRNA-1273 vaccine, but said larger deals will be done at lower prices.

Bottles coronavirus vaccine. sars-cov-2 / COVID-19. Some ampoules with ncov-2019 vaccine in a box. to fight the coronavirus pandemic.
Moderna raised its 2020 cash burn guidance, primarily to cover mRNA-1273 manufacturing costs • Source: Shutterstock

Moderna, Inc.’s initial deals for purchases of mRNA-1273, its messenger RNA (mRNA) vaccine against SARS-CoV-2, set a relatively high per-dose price of $32-$37. However, these first deals with smaller governments total just $400m to date, as opposed to the multibillion-dollar deals the US has made with other vaccine makers, and in those kinds of high-volume deals the company said its price per dose is likely to be lower.

Pfizer Inc. and BioNTech SE effectively set a $19.50 price per dose last month with the $1.95bn deal they negotiated with the US for 100 million doses of their competing mRNA vaccine, which like Moderna’s program entered Phase III testing at the end of July. (Also see "Pfizer’s US Contract Sets The Financial Bar For COVID-19 Vaccines" - Scrip, 22 July, 2020

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