Moderna CEO Reminds People About Value Of Government Negotiations At Senate Hearing

Stéphane Bancel also gave conflicting answers for how the company set the cost of its mRNA COVID-19 vaccine as Democratic lawmakers tried to berate Moderna for its coming price hikes. Republicans lawmakers argue against retroactive shaming, saying that if the government wanted to set the eventual commercial price, it should have done that early in negotiations.

covid on capitol hill
Lower prices for bulk purchasing highlighted at Moderna Senate hearing. • Source: Shutterstock

Moderna, Inc. CEO Stéphane Bancel’s testimony on the price of the company’s COVID-19 vaccine in front of the US Senate Health Committee may have unintendedly served to highlight the value of government price negotiation.

Bancel argued that Democratic Senators framing the soon-to-be $130/dose price for the company’s mRNA vaccine as a price hike from...

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