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    Home»Business»Sens. Warren, Welch urge Moderna to reconsider COVID-19 shot price increase (NASDAQ:MRNA)
    Business

    Sens. Warren, Welch urge Moderna to reconsider COVID-19 shot price increase (NASDAQ:MRNA)

    Todd LivingstonBy Todd LivingstonJanuary 25, 2023No Comments1 Min Read
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    Top Banking Officials Testify Before the House, House, and Urban Banking Committees

    News by Drew Angerer/Getty Images

    Sens. Elizabeth Warren (Mass.) and Peter Welch (Vt.) ask Moderna (NASDAQ: MRNA) CEO Stephane Bancel to reconsider the cost of the COVID-19 vaccine once it is available on the commercial market.

    Current (MRNA), like Pfizer (PFE), has said he wants to raise the cost of his COVID shots to between $110 and $130 per dose, much higher than what the government has been paying them.

    “Moderna’s (MRNA) price increase, apart from the threat to public health, also raises questions about how Pfizer’s (PFE) announcement of vaccine price increases in October 2022 may have influenced Moderna’s (MRNA) decisions on its vaccine prices,” he said. the senators wrote.

    The senators also noted that Moderna’s (MRNA) vaccine was developed through government-sponsored research.

    The two also ask Bancel a few questions about the money and the benefits expected this year from the vaccine.

    The COVID-19 vaccine will be available on the commercial market – instead of free due to government purchases – after the virus emergency is over.

    In early January, Sen. Bernie Sanders (I-Vt.) also sent a letter to Bancel.

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