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BioNTech plans to price its COVID-19 vaccine below market rates

BioNTech, which is first in the race to produce evidence of a working COVID-19 vaccine, is planning to price the two-shot regimen below typical market rates.
 
It is also planning to differentiate pricing between countries or regions.
 
Speaking Tuesday at a Financial Times online event, the German biotech firm's strategy head Ryan Richardson said the price tag of the vaccine, which is co-developed with Pfizer, would reflect the financial risks that its private-sector investors have incurred.
 
The vaccine has yet to get regulatory approval.
 
The vaccine on Monday showed to be 90% effective, based on preliminary trial results.
 
The development is a key milestone in the war against a virus that has killed more than a million people and battered the world's economy.
 


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