Bernie Sanders asked Moderna to not raise the price of its COVID-19 vaccine in a letter this week. He is worried a price increase will make the vaccine too expensive for many Americans.
sent Moderna Inc a letter this week asking the drug company to halt planned U.S. price increases on its COVID-19 vaccine, saying price hikes could make the shot unaffordable for millions of Americans.
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.The top end of that range is around 8 times the price in the earliest U.S. contracts for the vaccine and nearly 5 times the roughly $27 a dose the government paid for booster shots last year.
Boxes containing the Moderna COVID-19 vaccine are prepared to be shipped at the McKesson distribution center in Olive Branch, Mississippi, on Dec. 20, 2020. Sen. Bernie Sanders asked Moderna to not increase the price of its vaccine for Americans.Sanders is a democratic socialist whose presidential campaigns have pushed the U.S. Democratic Party agenda leftward.
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