Moderna rebuked over plan to hike Covid vaccine to US$130 ...Middle East

NEW YORK: Moderna’s chief executive yesterday defended the US company’s plan to quadruple the price of its lifesaving Covid vaccine to as much as US$130 (RM576) per dose as soon as government stockpiles run out.Democratic Senator Bernie Sanders lashed out at the price hike, denouncing the “unprecedented level of corporate greed” in the pharmaceutical industry. “And that is certainly true with Moderna,” Sanders said.Moderna has so far charged between about US$15 and US$26 for doses of its vaccine, according to the Kaiser Family Foundation.The US government subsidised US$1.7 billion of Moderna’s research at the start of the pandemic and then purchased US$10 billion worth of vaccine, Sanders sa

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