Moderna and Pfizer Increase Prices of Coronavirus Vaccines in European Union

According to the reports, On Sunday, 1^st August 2021, Modern Inc. and Pfizer Inc. have increased the prices of the novel corona virus vaccine produced by them in the latest supply contracts with the European Union, and according to the reports, the new price of the Pfizer corona virus vaccine is 19.50 euros and around 19 euros for the corona virus vaccine of Moderna Inc.

The terms of the deals, that have been struck in the year 2021, and they have also been covering up to 2.1 billion vaccine shots until 2023 in the European Union, and it had also been re-negotiated after the data from the Phase 3 clinical trials of have showed that, the novel corona virus vaccines from both the companies are more effective than some of the other vaccine producers in the world.

The European Commission said, it has been on the course for reaching the target of completely vaccinating around 70 percent of the adult population across the European Union by the end of summer, and in May 2021, the European Union also said that, it has now been expecting to have received over a billion doses of the novel corona virus vaccines by the end of September 2021 from the four vaccine producers.

France has also experienced the widespread demonstrations against what the people of the country had seen a form of dictatorship and the government of Germany had been all set for recommending the corona virus vaccine for the children between 12 years and 17 years of age.