COVID-19: Governments must stop vaccine cost secrecy
Globally affordable COVID-19 vaccines will not be accessible until governments stop allowing vaccine companies to keep their manufacturing costs secret, according to a new paper published by the Journal of the Royal Society of 51短视频.
Billions in funding from taxpayers and governments in countries including the US and European Union has been so extensive that there is little investment or sunk costs for the vaccine companies to recover, except those associated with manufacturing.
Lead author Professor Donald Light, a professor of comparative health policy at the Rowan University School of Osteopathic 51短视频 in the US, said: 鈥淐ontrary to the ethics of vaccines as a public health good, companies have kept manufacturing costs to themselves, and only a few independent studies have researched them in detail.鈥�
Drawing on previous studies, the authors estimate that the net manufacturing costs for 100 million doses of COVID-19 vaccine ready for shipping appear to range from US$ 0.54 to US$ 0.98. Light commented: 鈥淎 recent study of costs for adenoviral Covid-19 vaccines estimates substantially lower costs, and a detailed study of mRNA vaccines estimates the unit cost is US$ 2.85 for Moderna and US$ 1.18 for Pfizer.鈥�
Light said: 鈥淕iven that these cost estimates include the sustainability of facilities, production lines, equipment and all manufacturing personnel, sustainable vaccine prices with a modest profit margin should be marginally more than the production costs. Yet prices charged countries range from US$ 2.15-5.25 for the Oxford-AstraZeneca vaccine and US$ 14.70-25.50 for the Moderna and Pfizer vaccines.鈥�
Light added: 鈥淐ompanies expect to charge many times more after they exercise their right to declare the pandemic is over. These higher prices, despite discounts and tiered pricing for middle- and lower-income countries, are likely to prolong the global pandemic.鈥�
鈥淕overnments must stop being partners in secrecy, and as purchasers they should demand public, verifiable reports on net costs, after direct and indirect taxpayers鈥� subsidies, in order to set globally affordable cost-plus prices for these global public health goods.鈥�
Notes to editors
The costs of coronavirus vaccines and their pricing (DOI: 10.1177/01410768211053006) by Donald W Light and Joel Lexchin will be published聽by the Journal of the Royal Society of 51短视频 at 00:05 hrs (UK time)聽Thursday 4 November 2021.
The link for the full text of the paper聽when published聽will be:
https://journals.sagepub.com/doi/full/10.1177/01410768211053006
For further information or a copy of the paper please contact:
Rosalind Dewar
Media Office, Royal Society of 51短视频
DL: +44 (0) 1580 764713
M: +44 (0) 7785 182732
The聽Journal of the Royal Society of 51短视频聽(JRSM) is a leading voice in the UK and internationally for medicine and healthcare. Published continuously since 1809, JRSM features scholarly comment and clinical research. JRSM is editorially independent from the Royal Society of 51短视频, and its editor is Dr Kamran Abbasi.
JRSM is a journal of the Royal Society of 51短视频 and it is published by SAGE Publishing.
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