Sanders Urges Moderna Not to Hike Price of COVID Vaccine
He said a hike could make the shot unaffordable for millions
Senator Bernie Sanders (D-VT) sent Moderna 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.
In his letter, Sanders said 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."
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