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%Start Pfizer says Covid-19 vaccine list price could be $130 per dose once government contracts end CNN - Business HEAD TOPICS
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This is the “commercial list price,” but the company says it does not anticipate that most people will have to pay out of pocket. It also pointed to its patient assistance program, which helps people without insurance get vaccines.
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"We expect Moderna to adapt to this signal," SVB Securities analyst David Risinger said in a research note, adding that he sees Pfizer/BioNTech, Moderna and Novavax "pricing in a similar range for the foreseeable future. For now, Covid-19 vaccines are still available for free." The outlet noted that Lukin did not say whether the company will make any accommodations for the tens of millions of people in the U. Pfizer says it anticipates that the Covid-19 vaccine pricing could come into play when the distribution and reimbursement of vaccines transition from government contracts to the traditional health-care system, as early as the first quarter of 2023.
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Wall Street was expecting such price hikes due to weak demand for COVID vaccines, which meant manufacturers would need to hike prices to meet revenue forecasts for 2023 and beyond. An analysis published by the Kaiser Family Foundation this week said that without additional funding or protections, the commercialization of Covid-19 preventative and countermeasures would create access barriers for vaccines, tests and therapeutics – especially for the uninsured and underinsured.S. Two key changes will lead to commercialization: the end of the US government’s public health emergency declaration and the depletion of federally purchased supply.S.
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The People's Vaccine Alliance said in a statement Friday that Pfizer's planned price hike would amount to a 10,000% markup above the cost of producing the vaccine, which is to be as low as $1. Each change creates its own challenges and, taken together, “may amplify access challenges,” the analysis says.
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Neither change has come to pass; the public health emergency declaration was renewed last week for another 90 days. Around 19. But Congress has yet to act on the Biden administration’s request for billions more in funding to ensure a steady and accessible supply of Covid-19 countermeasures.S.
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A large portion of the government’s request for further Covid-19 funding is a “critical request” for resources to support development of new vaccines and treatments that can withstand future variants of the coronavirus, said Dawn O’Connell, assistant secretary for preparedness and response within the US Department of Health and Human Services. In the first seven weeks of the 2021 revaccination campaign, over 27 million people received their third shot even though only older and immunocompromised people were eligible at that point. “That would get us out of the boom-bust cycle surge in cases,” she said at a news briefing Wednesday hosted by KFF.
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The goal is to avoid a situation like last winter when there was a test shortage due to lack of anticipation for the Delta variant, said Jen Kates, senior vice president and director of global health & HIV policy with KFF.com Register Reporting by Michael Erman; Editing by Andrea Ricci and Bill Berkrot Our Standards:."This latest obscene price hike is truly a mask-off moment for one of the great profiteers of this pandemic. Another portion of the funding would go toward protecting the uninsured and ensuring universal access to Covid-19 countermeasures, O’Connell said. According to the KFF analysis, once the measures are commercialized, uninsured adults would lose access to free vaccines.
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But treatments and tests would face the “most acute” challenges, with cost sharing that would affect how much of the cost would be covered by insurance. "This is daylight robbery," Kosgei said of the coming price increase.
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Transitioning to commercialization was always part of the plan, O’Connell said. It’s the way other health conditions are approached in the US.
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“But the process is complex,” she said."Right now, people in developing countries are dying without access to Paxlovid, an antiviral Covid-19 treatment for which Pfizer is charging hundreds of dollars per course. “Regardless of whether we were going to get Covid funding, we were eventually going to have to make this transition at some point.
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Part of the Covid request makes this a little less bumpy. ” ." Related Content.
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Read more:
CNN » Pfizer COVID vaccine price hike seen giving revenue boost for years 'Daylight Robbery': Pfizer Condemned for Hiking US Covid Vaccine Price by 10,000% Above Cost Pfizer Targets Covid Vaccine Price of at Least $110 a Dose Pfizer will start charging $110-$130 a dose for COVID vaccines next year
CNN » Pfizer COVID vaccine price hike seen giving revenue boost for years 'Daylight Robbery': Pfizer Condemned for Hiking US Covid Vaccine Price by 10,000% Above Cost Pfizer Targets Covid Vaccine Price of at Least $110 a Dose Pfizer will start charging $110-$130 a dose for COVID vaccines next year
Padres talk with Baseball Hall of Famer Dave Winfield -
SAN DIEGO (KUSI) – The Padres are in the National League Championship Series for the first time since 1998, and San Diego is buzzing with excitement. KUSI’s Lauren Phinney got to speak with baseball Hall of Famer Dave Winfield to talk about the Padres prospects of further success this season.
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Categories: Entertainment, KUSI, Local San Diego News, Sports, Trending Read more >> 2 new aggressive strains were just announced for winter. 🤦🏻 For the fake juice if u dont know it's a scam yet, then idk what to tell u.
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go get boosted and enjoy Good for them. Take advantage of the saps.
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Just in time for the school mandates 🤔 Let the poor/uninsured suffer. A classic. Who cares.
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They’re worthless for 98% of the population. Nationalize them COVID-19 pandemic won't end because a lot of money is being made 👀 They gonna have to come up with something new now!
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The board will expect bigger bonuses! That’s expensive for something that doesn’t work past a month or two
Pfizer COVID vaccine price hike seen giving revenue boost for yearsPfizer's plan to as much as quadruple current U.S.
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prices for its COVID-19 vaccines going forward could spur revenue for years, analysts said. If y’all wanna waste $130, you can just send it to my cash app.
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Who TF would ever want to pay to get no protection what so ever and develop heart problems and clogged arteries 😂💀 $cience Lol capitalism sucks 🧐 Haha. And it will be a hard pass for me.
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Wow! Can’t wait to see the comments about this! Feel bad for the people who think this thing helps
Wonder how much they charged the government per dose Biggest Corporate greed scam!
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'Daylight Robbery': Pfizer Condemned for Hiking US Covid Vaccine Price by 10,000% Above Cost\u0022While health workers and the vulnerable continue to go unvaccinated in developing countries, Pfizer is shamelessly fleecing the public for ever-greater sums of money,\u0022 said one campaigner. Making it both expensive and useless. Pfi$er
Pfizer Targets Covid Vaccine Price of at Least $110 a DosePfizer said it expects to price its Covid-19 vaccine at $110 to $130 a dose for adults when the U.S.
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government stops purchases Talk about deterrence. I'm interested in how much Novavax will be.
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They have been working on a new strain of Covid? Because this “vaccine” is worthless.
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Pfizer will start charging $110-$130 a dose for COVID vaccines next yearPfizer plans to charge $110 to $130 per dose for its COVID-19 vaccine once government purchases end next year. Americans are enthusiastic about being literal property of big pharmaceutical companies and paypigs to their government.
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This is the end times. Phizer needs to adopt a Costco style return policy And in Australia, we'll still be paying nothing.
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America needs a revolution. Pfizer says COVID-19 vaccine will cost $110-$130 per dosePfizer will charge $110 to $130 for a dose of its COVID-19 vaccine once the U.S. government stops buying the shots
Pfizer reportedly plans to charge up to $130 for COVID-19 vaccinePfizer said it would charge between $110 and $130 for its mRNA vaccine after the government stops paying for them.
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That will happen once the public health emergency put in place at the start of the COVID-19 pandemic is ended. What “protection” exactly? 🤦🤦 But it doesn't work A sucker is born every minute.
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This price model comes down to increased distribution costs as well as an expected shift from multidose vials to single-dose ones.(NVAX.the nation's free coronavirus vaccine program as pandemic response funding runs dry.The drugmaker laid out a potential price as it prepares to sell the shot commercially, perhaps early next year Pfizer said the earliest there could be a commercial rollout would be early next year. This is the “commercial list price,” but the company says it does not anticipate that most people will have to pay out of pocket. It also pointed to its patient assistance program, which helps people without insurance get vaccines.
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"We expect Moderna to adapt to this signal," SVB Securities analyst David Risinger said in a research note, adding that he sees Pfizer/BioNTech, Moderna and Novavax "pricing in a similar range for the foreseeable future. For now, Covid-19 vaccines are still available for free." The outlet noted that Lukin did not say whether the company will make any accommodations for the tens of millions of people in the U. Pfizer says it anticipates that the Covid-19 vaccine pricing could come into play when the distribution and reimbursement of vaccines transition from government contracts to the traditional health-care system, as early as the first quarter of 2023.
thumb_up
40 likes
A
Wall Street was expecting such price hikes due to weak demand for COVID vaccines, which meant manufacturers would need to hike prices to meet revenue forecasts for 2023 and beyond. An analysis published by the Kaiser Family Foundation this week said that without additional funding or protections, the commercialization of Covid-19 preventative and countermeasures would create access barriers for vaccines, tests and therapeutics – especially for the uninsured and underinsured.S. Two key changes will lead to commercialization: the end of the US government’s public health emergency declaration and the depletion of federally purchased supply.S.
thumb_up
42 likes
A
The People's Vaccine Alliance said in a statement Friday that Pfizer's planned price hike would amount to a 10,000% markup above the cost of producing the vaccine, which is to be as low as $1. Each change creates its own challenges and, taken together, “may amplify access challenges,” the analysis says.
thumb_up
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J
Neither change has come to pass; the public health emergency declaration was renewed last week for another 90 days. Around 19. But Congress has yet to act on the Biden administration’s request for billions more in funding to ensure a steady and accessible supply of Covid-19 countermeasures.S.
thumb_up
32 likes
M
A large portion of the government’s request for further Covid-19 funding is a “critical request” for resources to support development of new vaccines and treatments that can withstand future variants of the coronavirus, said Dawn O’Connell, assistant secretary for preparedness and response within the US Department of Health and Human Services. In the first seven weeks of the 2021 revaccination campaign, over 27 million people received their third shot even though only older and immunocompromised people were eligible at that point. “That would get us out of the boom-bust cycle surge in cases,” she said at a news briefing Wednesday hosted by KFF.
thumb_up
28 likes
S
The goal is to avoid a situation like last winter when there was a test shortage due to lack of anticipation for the Delta variant, said Jen Kates, senior vice president and director of global health & HIV policy with KFF.com Register Reporting by Michael Erman; Editing by Andrea Ricci and Bill Berkrot Our Standards:."This latest obscene price hike is truly a mask-off moment for one of the great profiteers of this pandemic. Another portion of the funding would go toward protecting the uninsured and ensuring universal access to Covid-19 countermeasures, O’Connell said.
thumb_up
46 likes
J
According to the KFF analysis, once the measures are commercialized, uninsured adults would lose access to free vaccines. But treatments and tests would face the “most acute” challenges, with cost sharing that would affect how much of the cost would be covered by insurance. "This is daylight robbery," Kosgei said of the coming price increase.
thumb_up
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Transitioning to commercialization was always part of the plan, O’Connell said. It’s the way other health conditions are approached in the US.
thumb_up
34 likes
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“But the process is complex,” she said."Right now, people in developing countries are dying without access to Paxlovid, an antiviral Covid-19 treatment for which Pfizer is charging hundreds of dollars per course. “Regardless of whether we were going to get Covid funding, we were eventually going to have to make this transition at some point. Part of the Covid request makes this a little less bumpy.
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” ." Related Content.
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