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COVID-19

U.S. Government Wants To Bail Out Moderna

View Source | March 21, 2023 4:44 pm

  • Moderna CEO Stéphane Bancel is set to testify before the Senate’s top healthcare committee Wednesday as the federal government generously offers to bail his company out of a patent infringement lawsuit.
  • The purpose of Wednesday’s Health, Labor, Education and Pensions (HELP) Committee hearing is to question Bancel about drug prices after Moderna proposed quadrupling the price of its COVID-19 shot.
  • Independent Vermont Sen. Bernie Sanders, HELP’s chair, and Republican Louisiana Sen. Bill Cassidy, the committee’s ranking member, have long advocated for lower drug prices.
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