Moderna CEO defends $130 price of Covid-19 vaccine, Reuters reports

Stephane Bancel, the CEO of Moderna, on Wednesday defended the company’s plan to raise the price of its Covid-19 vaccine to as much as $130 per dose, telling a U.S. Senate committee hearing it will no longer have the economies of scale from government procurement when the shots move into the private market, Reuters’ Sriparna Roy, Leroy Leo, and Patrick Wingrove report. U.S. Senator Bernie Sanders, who chairs the Committee on Health, Education, Labor and Pensions, asked Bancel to reconsider the price increase, saying they could make it unaffordable for millions of Americans, but the Moderna CEO says the 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. Reference Link