Moderna CEO Stephane Bancel has said that governments seeking to purchase Moderna’s potential Covid-19 vaccine may have to shell out $25 and $37 per dose—which amounts to Rs 1,854 and Rs 2,744—depending on the size of the order. Bancel said that this would be a “fair price” and that the company was not interested in “maximum profit”.
However, on Sunday, the official Twitter handle for Russia’s Sputnik V tweeted that their vaccine will cost governments much less than that of Pfizer’s (estimated at Rs 1,446) and Moderna’s.
“Translating pharma lingo: the announced price of Pfizer of $19.50 and Moderna of $25-$37 per dose actually means their price of $39 and $50-$74 per person. Two doses are required per person for the Pfizer, Sputnik V and Moderna vaccines. The price of Sputnik V will be much lower,” said the tweet.
According to a spokesman for the Russian Direct Investment Fund (RDIF), RDIF is Russia’s sovereign wealth fund, the price of the Russian vaccine will be made public next week, TASS news agency reported.
Sputnik V is the world’s first registered vaccine against the Covid019 pandemic. It was developed by the Gamaleya National Research Centre for Epidemiology and Microbiology of the Russian Health Ministry. However, it was officially registered and given regulatory approval by the Russian government ahead of large-scale clinical trials.
According to the Russian Health Ministry, these vaccines have proved their ability to form lasting immunity for a period of up to two years.
The third, post-registration, stage of clinical tests for the vaccine had begun on August 25 and the first batch of the vaccine was dispatched to Russian regions on September 12, said the TASS report.
Meanwhile, US pharma giant Moderna said last week that its vaccine has shown more than 94.5 per cent effectiveness in preliminary data from the company’s ongoing study. Before Moderna, Pfizer and BioNTech had said that their vaccine candidate was found to be more than 90 per cent effective in preventing Covid-19.
Moderna is expecting to produce approximately 20 million doses of its mRNA-1273 vaccine by the end of 2020. The company said it remains on track to manufacture 500 million to 1 billion doses globally in 2021.
The Moderna CEO also said that his company was engaged in negotiations with the EU Commission for the delivery of its vaccine against Covid-19, adding that talks have been “constructive”, and that it was “only a matter of days” before the contract is signed.
On the other hand, Pfizer said on Friday that it was moving ahead with its request of asking the US regulators to grant emergency approval of its Covid-19 vaccine candidate.