Moderna CEO Defends Plan To Hike COVID Vaccine Price

By Lia DeGroot / March 22, 2023 at 6:07 PM
Moderna CEO Stéphane Bancel defended the company’s controversial plan to more than quadruple the price of its COVID-19 vaccine during a Senate health committee hearing Wednesday (March 22), during which he and committee Chair Bernie Sanders (I-VT) sparred over the issue. Sanders cast the increase as price-gouging on a vaccine the government helped pay to develop, but Bancel defended the increase saying Moderna expects about a 90% reduction in demand for the vaccine moving forward and might have to produce...

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