Moderna CEO Will Testify Before Senate Committee Headed by Sanders Over COVID Vaccine Price Hike

Stéphane Bancel, CEO of Moderna, will speak before a US Senate committee headed by Sen. Bernie Sanders (I-VT) over planned price hikes for the company’s COVID-19 vaccine. The shot, which the US federal government paid around $30 per dose for during the pandemic, will jump in price to $130 as it enters the market.

According to Kristin Jensen, “The U.S. government contributed about $1.7 billion to the research and development of Moderna’s vaccine, making the new pricing an extra target for Sanders. But Pfizer isn’t exempt from his criticism. In October, Pfizer’s proposed charges prompted Sanders to tweet that “Pfizer’s greed is killing people throughout the world.””

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(Source: BioPharma Dive, February 16^th, 2023)