© Reuters. FILE PHOTO: The Sanofi logo can be seen at the company's headquarters in Paris, France
PARIS (Reuters) – Olivier Bogillot, head of Sanofi (PA 🙂 in France, said on Saturday that the price of the future COVID-19 vaccine is expected to be less than 10 euros per shot.
"The price is not fully fixed … We estimate the production costs for the coming months … We will be below 10 euros," Bogillot told France Inter Radio.
Drug manufacturers and government agencies around the world are working hard to fight the pandemic and develop vaccines and treatments for COVID-19.
When asked about rival AstraZeneca (L :), which is expected to cost its shot around 2.50 euros in Europe, Bogillot said:
"The price gap for us can be using all of our in-house resources, our own researchers and our own research centers. AstraZeneca is outsourcing some of its production."
Earlier this week, UK-based Sanofi and GlaxoSmithKline (L 🙂 announced that they had started a clinical trial of their protein-based COVID-19 vaccine candidate and that they wanted to reach the final stage of testing by December.
If the results are conclusive, Sanofi and GSK hope the vaccine will be approved in the first half of next year.
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