US Senators Blast Moderna for COVID Vaccine Price Hikes

Moderna is drawing heat from some US lawmakers and political leaders over its plans to spike prices of its COVID-19 vaccine to $110-130 per shot. The planned price hike, which is higher than the original price increases floated last fall, was lambasted by senators like Bernie Sanders (I-VT), Elizabeth Warren (D-MA), and Peter Welch (D-VT).

According to Warren, “our company has already earned billions in profits from the vaccine, which benefited from extensive taxpayer support for research and development. And your proposed price increase threatens to reduce access to a life-saving vaccine while boosting your company’s profits.”

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(Source: BioPharmaDive, January 26^th, 2023)