Skip to content
Subscriber Only
Politics
Prognosis

Price Limits Will Scare Off Covid Vaccine Makers, Fauci Warns

  • More than one vaccine will be needed, Fauci says
  • Better to work with industry to make vaccines affordable
Anthony Fauci
Anthony Fauci

Photographer: Kevin Dietsch/UPI/Bloomberg

The federal government shouldn’t force drug companies to lower the costs of Covid-19 vaccines and treatments but should encourage fair pricing, Anthony S. Fauci said Tuesday.

“I have a lot of experience over the years dealing with pharmaceutical companies in which we’re trying to develop an intervention,” Fauci, director of the National Institute of Allergy and Infectious Diseases in the National Institutes of Health, said. “And the one thing that is clear is that if you try to enforce things on a company that has multiple, different opportunities to do different things, they will walk away.” Fauci spoke at BIO Digital, the first virtual convention by the Biotechnology Innovation Organization.