Pfizer cuts vaccine price for poor as GAVI group seeks $7.5 billion

January 26, 2015 9:11 PM

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Pfizer cuts vaccine price for poor as GAVI group seeks $7.5 billion

LONDON (Reuters) - Pfizer is to cut the price of its pneumococcal vaccine Prevenar 13 by 6 percent to $3.10 per dose in poor countries as part of a commitment to the GAVI global vaccines alliance, the U.S. drugmaker said on Monday.

Pfizer's move comes as GAVI holds a major funding conference in Berlin at which it hopes to raise $7.5 billion from donors to pay for increased deployment of vaccines in the developing world between 2016 and 2020.

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