Moderna CEO defends $130 US COVID-19 vaccine price in Senate hearing

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Moderna CEO defends $130 US COVID-19 vaccine price in Senate hearing
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US Senator Bernie Sanders tells Moderna CEO Stephane Bancel that raising the price of the COVID-19 vaccine could make it unaffordable for millions of Americans.

was called to testify after the company flagged plans to raise the vaccine’s price to as much as $130 per dose, drawing the ire of Democratic US Senator Bernie Sanders, who chairs the influential committee on health, education, labor, and pensions .

Bancel said Moderna’s next COVID-19 shots will be more expensive because they will be sold in single-dose vials or pre-filled syringes for the commercial market versus the 10-dose vials it has sold to the government up until now. Bancel also said the company anticipated that it would likely make more doses than needed to ensure it had enough for the private market and had calculated wasted shots into the price.

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