Stephane Bancel , CEO and director of Moderna, Inc., shakes hands with US Senator Bernie Sanders, Independent from Vermont, as Bancel arrives to testify before the Senate Health, Education, Labor, and Pensions Committee on the price of Covid vaccines, on Capitol Hill in Washington, DC, on March 22, 2023.
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 said at a Senate hearing where the company’s CEO Stephane Bancel was testifying. Bancel defended Moderna, saying the distribution system will change completely when the US government lifts a state of health emergency, perhaps as soon as May.
Currently distributed in multidose vials, the vaccine will be sold mostly in single-dose vials or directly in prefilled syringes. And Moderna will have to take care of the unsold doses.
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