Sector News

Moderna CEO to testify in Senate as Sanders ups pressure on shot prices

February 18, 2023
Life sciences

After successfully developing vaccines in less than a year after the COVID-19 pandemic started, Moderna and Pfizer now face the unique situation of navigating the end of U.S. government contracts that allowed all Americans to receive their shots for free.

The prices outlined by Pfizer and Moderna for the transition to a long-term business represent a significant jump over the $25-$30 a dose paid under government contracts. And Sanders contends that Moderna’s vaccine can be made for as little as $2.85 a dose.

Most health experts expect COVID-19 inoculations to become a yearly recommendation, much like flu vaccines. For well-insured patients, the shots are likely to be fully covered no matter the price. But Sanders and other lawmakers have focused on uninsured and underinsured patients who may find the vaccines are out of reach. READ MORE

By Kristin Jensen


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