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Pfizer sees ‘opportunity’ to hike price for COVID-19 vaccine, CFO says
Pfizer is looking to turn its lucrative coronavirus vaccine into an even bigger cash cow. The drugmaker sees a “significant opportunity” to charge more for the groundbreaking shot once …

Pfizer is looking to turn its lucrative coronavirus vaccine into an even bigger cash cow.
The drugmaker sees a “significant opportunity” to charge more for the groundbreaking shot once it gets to the other side of the COVID-19 pandemic, one top executive says.
Pfizer set the current prices for the vaccine it developed with its German partner, BioNTech, based on the need for governments to secure doses and get the virus under control, according to chief financial officer Frank D’Amelio.
For instance, Pfizer is charging the US government $19.50 per dose — well below the $150 or $175 per dose it typically pulls in for a vaccine, D’Amelio said on the company’s February earnings call.
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We are talking huge amounts of money, pure profit for Pfizer once the pandemic is under control.