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COVID antiviral Paxlovid to see price increase following 400% vaccine hike

NewsTech

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A box of Paxlovid, the Pfizer antiviral drug.

Enlarge / A box of Paxlovid, the Pfizer antiviral drug. (credit: Getty | Europa Press News)

After raising the price of COVID-19 vaccines more than fourfold this year, Pfizer CEO Albert Bourla told investors Monday that the company will also likely hike the price of its lifesaving COVID-19 antiviral treatment, Paxlovid, raising further concern about access and health care costs.

The price of the drug is already $530 for a treatment course. That's what the US government paid for the drug in the emergency phase of the pandemic. But, as the drug moves from government distribution to the commercial market this year, the price is expected to increase. So far, it's unclear what the new price will be.

In a company investor call Monday, Bourla said only that the "pandemic price" of $530 is likely to be "lesser" than the commercial price and that negotiations are beginning.

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