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Pfizer Inc. (NYSE:PFE) wouldn't give a discount to any developed country for its novel coronavirus (COVID-19) vaccine — over the price it's charging the United States under a contract signed last week — CEO Albert Bourla said at a conference call Tuesday.
What Happened: "All the countries that are developed right now will not receive a lower price for the same volume commitment than the U.S.," Bourla said, as earlier reported by Reuters.
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The pharmaceutical company's pre-order deal with the U.S. government prices a single dose of the potential vaccine at $19.5, with the total course of two doses costing $39.
Pfizer could change the prices once the coronavirus outbreak's official status as a pandemic is over, Reuters noted.
The New York-based company began the late-stage clinical trials for its vaccine, co-developed with Germany's BioNTech SE (NASDAQ:BNTX), on Monday.
Why It Matters: Rival Moderna Inc. (NASDAQ:MRNA) is looking to price its similar vaccine candidate in the range of $50 to $60, according to a report from the Financial Times the same day.
Another vaccine candidate from AstraZeneca plc's (NYSE:AZN) appears to be priced around $3 to $4 per dose, under its agreements with the governments of the Netherlands, Germany, France, and Italy, according to an analyst note from SVB Leerink's Geoffrey Porges.
Price Action: Pfizer shares closed about 4% higher at $39.02 on Tuesday, and were unchanged in the after-hours session.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.