The price of a single dose of the coronavirus vaccine, which is being developed by the U.S.-based Moderna, will tentatively be set at between $25 and $37.

That's according to company CEO Stefan Bansel, who spoke with Welt am Sonntag, as reported by Ukrayinska Pravda.

"This is a fair price when you think about the high costs of the health system if a person is infected with the coronavirus. We are not interested in the maximum profit," he said.

Read alsoRussia, North Korea hackers target coronavirus researchers – MicrosoftHe also confirmed that the company intends to have produced 20 million doses of the vaccine by year-end.

Negotiations with the European Commission to start supplies are nearing completion, he added, noting that there are a few days left before the agreement is signed.

COVID-19 vaccines: Other reports