Sen. Sanders asks Moderna not to hike COVID vaccine price
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Sanders said in his letter that raising prices would be particularly egregious after the U.S. government provided around $1.7 billion to fund development of the vaccine. The letter was addressed to Moderna Chief Executive Stéphane Bancel.
"You propose to make the vaccine unaffordable for the residents of this country who made the production of the vaccine possible," wrote Sanders, who is set to become chairman of the Senate's Health, Education, Labor and Pensions later this month. "That is not acceptable."
Bancel told the Wall Street Journal on Monday that Moderna is considering charging $110 to $130 a dose for the vaccine once the United States moves to a commercial market for the shots.
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Sanders wrote that Bancel and several of Moderna's founders have become billionaires after the vaccine's launch. He said the new, higher prices would cost U.S. taxpayers billions of dollars and make the shots too expensive for uninsured and underinsured Americans.
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