Moderna’s CEO defended the company’s plan to quadruple the price of its COVID-19 vaccine to $130, similar to what Pfizer is predicted to price its vaccine. The U.S. government paid about $30 per dose from Moderna.
identified Moderna among 10 companies that benefitted from government purchases during the pandemic and reported a total of $102 billion in total revenue for 2021 — a 137% increase from the prior year.
"This has literally never happened before. And so what we are trying to do, as one of the many manufacturers in the space, is to pick a price we think reflects the value of the vaccine ... but also reflects the complexity of moving from this pandemic market to a commercial market," Hoge said. , Moderna said the vaccine will remain free at pharmacies and doctor's offices for insured individuals, and those who are not covered can get it free via the company's patient assistance program."There is zero out of pocket cost for any person in the United States this fall," Hoge said.
So any unused product becomes a loss for the company — a concern going into the Fall as booster uptake has waned.
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