U.S. Government Wants To Bail Out Moderna

A Jackson, Miss., resident receives a Moderna COVID-19 booster shot from a Jackson-Hinds Comprehensive Health Center nurse, at a vaccination station next to Jackson State University in Jackson, Miss., Tuesday, Dec. 7, 2021. More than 1,419,000 people have now been fully vaccinated against COVID-19 in Mississippi, and according to the Mississippi State Department of Health, most COVID-19 cases, hospitalizations and deaths are now among unvaccinated Mississippians. (AP Photo/Rogelio V. Solis)
  • 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.