The Biden administration is going to stop providing Covid vaccines for free—and Big Pharma is ready to profit from the change.
by Jake Johnson, In These Times
The Massachusetts-based pharmaceutical giant Moderna faced angry backlash on Tuesday following the CEO’s announcement that the firm is considering pricing its Covid-19 vaccine somewhere between $100 and $130 per dose in the U.S.
The upper end of that range, according to the People’s Vaccine Alliance (PVA), would represent a 4,000% markup above the cost of manufacturing the shot, which experts have pegged at roughly $2.85 per dose.
“The sheer greed is obscene,” said PVA policy co-lead Julia Kosgei, who stressed that “billions of taxpayer dollars went into the development of mRNA vaccines.”
“This vaccine isn’t just Moderna’s, it was developed in collaboration with a government agency based on decades of publicly-funded research,” Kosgei said. “It is the people’s vaccine — and it should be available and affordable for everyone, everywhere.”
Stephane Bancel, Moderna’s billionaire CEO, defended the proposed price range in an interview on the sidelines of the J.P. Morgan Healthcare Conference in San Francisco, telling The Wall Street Journal that he believes “this type of pricing is consistent with the value” of the vaccine.
Recent Posts
Feeding The Warfare State
Take Action Now We Lose, the Weapons Makers WinBy William D. Hartung, Tom Dispatch The Senate is on the verge of passing the distinctly misnamed…
The Rage Of Billionaires And The Frenzy To Stop Zohran Mamdani From Becoming New York’s Mayor
Take Action Now The constellation of forces now regrouping with a vengeance includes titans of Wall Street, enormous real estate interests,…
It’s Not Just The Cities. Extreme Heat Is A Growing Threat To Rural America.
Take Action Now The urban heat island sits in a rural heat ocean.By Umair Irfan, Vox Summer has officially begun with a blast of scorching…
Mamdani’s Massive Victory Should Show Democrats Where The Party’s Future Lies
Take Action Now NYC mayoral candidate Zohran Mamdani has thrown the drowning Democratic Party a life vest. Will its leaders use it?By Sam…