Moderna CEO to testify in senate on proposed vaccine price hike

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Moderna CEO to testify in senate on proposed vaccine price hike
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Senator Bernie Sanders said on Wednesday Moderna Inc's chief executive officer Stéphane Bancel will testify next month in front of the senate on the drugmaker's plans to raise the price of its coronavirus vaccine.

CEO of Moderna Stephane Bancel looks up at the session "State of the Pandemic" during the World Economic Forum in Davos, Switzerland, January 18, 2023. REUTERS/Arnd Wiegmannchief executive officer Stéphane Bancel will testify next month in front of the senate on the drugmaker's plans to raise the price of its coronavirus vaccine.

The drugmaker, however, had said earlier today insured people could avail the vaccine at no cost at their doctor's office or local pharmacies, once the government mandate to give it for free expires on May 11. Moderna also added that uninsured patient can buy the vaccine through Moderna's patient assistance program at no cost.

Sanders, chairman of the Senate's Health, Education, Labor and Pensions committee, has railed against high drug prices and backed Medicare-for-all. His chairmanship of the HELP committee could put drug companies in his crosshairs.

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