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Moderna CEO Stéphane Bancel on Monday pushed back on criticism of the company's plans to raise the price of its mRNA-based COVID-19 vaccines by 400 percent, arguing that the billions of dollars in federal funding the company received played little role in the vaccine's development.
Speaking at the Wall Street Journal Health Forum, Bancel suggested that the vaccine's development is thanks to private investors and that the federal funding merely hastened development that would have occurred regardless.
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While the government most recently paid $26 per dose of Moderna's updated booster, the company is planning to raise the price of its shots to $110 to $130 per dose.
Related:
"Pure and Deadly Greed": Lawmakers Slam Pfizer's 400% Price Hike on COVID Shots
(Score: 3, Insightful) by RedGreen on Friday March 10, @07:30PM
"Take the billions, keep the billions, we can't tell what it funded or didn't fund, so: open source ALL the research, methods, results, production techniques, etc.
Transparency is always the answer."
Indeed if public money is taken then the public gets to benefit. And that includes the no claiming R&D for an expense that come straight off the profit line for them either. The public pays for that by forgoing the taxes on that money that should be paid, if fact all them expenses go, then they have paid for their ownership with no subsidy from the public and truly own everything they have produced. Enough of the corporate parasite welfare system we have.
"I modded down, down, down, and the flames went higher." -- Sven Olsen