Pfizer COVID vaccine price hike to boost revenue for years, rivals may follow

Pfizer

21 October 2022 - Pfizer's plan to as much as quadruple US prices for its COVID-19 vaccine next year is beyond Wall Street's expectations and will spur its revenue for years despite weaker than anticipated demand for the new booster shot so far, analysts said.

The drug maker, which developed and sells the vaccine with Germany's BioNTech, said on Thursday evening that it is targeting a range of $110 to $130 a dose for the vaccine once the United States moves to a commercial market next year.

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Michael Wonder

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Michael Wonder

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US , Pricing , Vaccine , COVID-19