Business Moderna CEO: 400% price hike on COVID vaccine “consistent with the value” - Lawmakers have already called Pfizer's similar plan "pure and deadly greed."

Moderna is considering raising the price of its COVID-19 vaccine by over 400 percent—from $26 per dose to between $110 and $130 per dose—according to a report by The Wall Street Journal.

Ars has reached out to Moderna for comment but has not yet received a response. The plan, if realized, would match the previously announced price hike for Pfizer-BioNTech's rival COVID-19 vaccine.

The Journal spoke with Moderna CEO Stephane Bancel at the JP Morgan Healthcare Conference in San Francisco Monday, who said of the 400 percent price hike: "I would think this type of pricing is consistent with the value.”

Until now, the mRNA-based COVID-19 vaccines from Moderna and Pfizer-BioNTech have been purchased by the government and offered to Americans for free. In the latest federal contract from July, Moderna's updated booster shot cost the government $26 per dose, up from $15–$16 per dose in earlier supply contracts, the Journal notes. Similarly, the government paid a little over $30 per dose for Pfizer-BioNTech's vaccine this past summer, up from $19.50 per dose in contracts from 2020.

But now that the federal government is backing away from distributing the vaccines, their makers are moving to the commercial market—with price adjustments. Financial analysts had previously anticipated Pfizer would set the commercial price for its vaccine at just $50 per dose but were taken aback in October when Pfizer announced plans of a price between $110 and $130. Analysts then anticipated that Pfizer's price would push Moderna and other vaccine makers to follow suit, which appears to be happening now.

Lawmakers have already lambasted Pfizer for the steep increase. In a letter sent last month to Pfizer CEO Albert Bourla, Senators Elizabeth Warren (D-Mass.) and Peter Welch (D-Vt.) called the price hike "pure and deadly greed" and accused the company of "unseemly profiteering."

"We urge you to back off from your proposed price increases and ensure COVID-19 vaccines are reasonably priced and accessible to people across the United States," they wrote.

The revelation that Moderna may match Pfizer's price increase comes just a day after Moderna announced that its COVID-19 vaccine sales in 2022 totaled approximately $18.4 billion.

"We enter 2023 in a great position, with significant momentum across our clinical pipeline, a highly energized team and a strong balance sheet of over $18 billion of cash and cash equivalents," Moderna's Bancel said in a press release Monday.

Moderna also noted in the release that it expects to make a minimum of $5 billion in COVID-19 vaccine sales in 2023.

https://arstechnica.com/science/202...400-price-hike-on-covid-vaccines-report-says/ (Archive)

 

[Bland Crumbs]

What the fuck did you retards think would happen? You worshipped the vaccine, made it a part of society, even a social movement. The pricing before was subsidized. Did you not see what they did to the most basic of drugs, insulin? Or fucking epi-pens? When will you dumb pieces of shit learn that pharma needs to be slapped across the face every second of every day or it will fuck you until you quite literally die? Unbelievable that people are surprised at this.

This shit is what happens when you fucking worship corporations.

Yeah fuck pharma and their life saving drugs!

Clearly the problem is capitalism and not the cult of media worship and the church of the science.

 

[MarvinTheParanoidAndroid]

Imagine getting bilked to take poison.

 

[JustSomeDong]

Everywhere is still offering it for free around here. Who the fuck is even paying for it? Aside from the obvious, retarded government bureaucrats, and in course, all of us...

 

[naaaaiiiiillllll!!!]

Someone in big pharma smells 'you must be vaccinated to get a new job' on the breeze. Those greedy fucks weren't punished at all for it last time. Why wouldn't they try it again?

This is more true than anybody here realizes. Minor PL, but I'm at an extremely large and Pozzed University here in the states and getting a fourth booster was practically a requirement to be on-campus for all University work and activities (you could forfeit it by submitting paperwork and getting a bunch of additional signatures, along with requiring to use an at-home Covid test once a fortnight (or even week) as well as always wearing the mask if on-campus). My school was even handing out "I've been vaxxed" stickers as something to include on school IDs (giving me reverse concentration camp badge vibes). Quite funnily, this policy tripling-down was timed right before the new "strain" was announced.

Suffice to say, I'm an idiot and got it. I'm already "doomed" anyway after all my jabs, so might as well get my degree and make the libtards I'm around happy so I won't be targeted for wrongthink. Maybe I can become a part of a class-action lawsuit in the future as a future consolation prize for probably the worst 3 years of my life.

 

[Flan Handler]

Not seeing any more stories about the unvaccinated in ICUs wailing and begging the nurses for the lifesaving vaccine before expiring into a puddle of covid cells.

In fact, I’m not hearing about the unvaccinated much at all these days in the media, except maybe about how mean they are for asking why another 15-year-old died of a heart attack at football practice.

That being said, these price hikes are a way to keep the shots in the rich countries since the third world couldn’t afford the old price and absolutely won’t be buying at the new price.

Really gets you thinking.

 

[Wormy]

Damn, I'm glad I got the placebo.

Martin Shkreli, is that you? Did you get a new job Marty?

This shit is what happens when you fucking worship corporations.

Ya see, when I tried telling people that some years back I was called a COMMUNIST for doing so. "How many jobs have you created, you socialist leech?!" "Why do you hate success, liberal?!"

 

[W00K #17]

What kind of absolute fucking idiot would take this shit now that ten year olds are dropping dead on the playgrounds with heart failure?

I've never gotten the vax and I think it's retard juice like null said but could you send me a source for that claim?

I know people I would like to send a link like that to.

 

[W00K #17]

Glad I didn't take any of that shit. Half the people I know who got jabbed went on to catch COVID withing the last year and they got pretty fucked up during it. Meanwhile I have never been on lockdown, was working in public and in "high risk" areas and all I've caught is the regular old flu exactly once, One time in the last 3 years.


I'm not a scientist or a mathematician, but when over half the poked people I personally know have gotten infected by COVID within the last year and my not poked self is doing just fine something seems off.

 

[Dog-O-Tron 5000v5.0]

Wow, what a shock, who could possibly have seen this coming?

WEAR A MASK!

GET BOOSTED!

Ahahaha

I don't give a fuck. 0 dose and counting motherfuckers

Same.

 

[Shidoen]

Damn, I'm glad I got the placebo.

Martin Shkreli, is that you? Did you get a new job Marty?


Ya see, when I tried telling people that some years back I was called a COMMUNIST for doing so. "How many jobs have you created, you socialist leech?!" "Why do you hate success, liberal?!"

That’s because you were retarded then and you’re retarded now. They need saner people to call out corpus, not hippies who smell.

 

[The Evil Midnight Bomber]

This is more true than anybody here realizes. Minor PL, but I'm at an extremely large and Pozzed University here in the states and getting a fourth booster was practically a requirement to be on-campus for all University work and activities (you could forfeit it by submitting paperwork and getting a bunch of additional signatures, along with requiring to use an at-home Covid test once a fortnight (or even week) as well as always wearing the mask if on-campus). My school was even handing out "I've been vaxxed" stickers as something to include on school IDs (giving me reverse concentration camp badge vibes). Quite funnily, this policy tripling-down was timed right before the new "strain" was announced.

Suffice to say, I'm an idiot and got it. I'm already "doomed" anyway after all my jabs, so might as well get my degree and make the libtards I'm around happy so I won't be targeted for wrongthink. Maybe I can become a part of a class-action lawsuit in the future as a future consolation prize for probably the worst 3 years of my life.

You are already lost brother. You must commit Istishhad in the name of our Joshua moon god. Inshallah you will earn your title of Kiwi shaheed.

 

[Jimjamflimflam]

Glad I didn't take any of that shit. Half the people I know who got jabbed went on to catch COVID withing the last year and they got pretty fucked up during it. Meanwhile I have never been on lockdown, was working in public and in "high risk" areas and all I've caught is the regular old flu exactly once, One time in the last 3 years.

Informal internet questions but was asking in the covid thread.

Do you smoke nicotine, cannabis or both?
Do you take vit d or get large exposure to sunlight?

Don't have much official data to back it up but can't help but noooticing that smokers and vit d users seem to have the virus miss them.

 

[Wormy]

That’s because you were retarded then and you’re retarded now. They need saner people to call out corpus, not hippies who smell.

I'm a hippie now?! Fuck, that Bingo square is all the way in the corner....

 

[Otterly]

Yeah fuck pharma and their life saving drugs!

Clearly the problem is capitalism and not the cult of media worship and the church of the science.

I work in the ‘getting research to patients’ field, and it’s a strange place to be. I know some incredibly dedicated scientists who have dragged work from the lab to patient to market to be almost-cures for one form of cystic fibrosis, spinal muscular atrophy forms of progressive blindness and developed new antibiotics and there was some fantastic work out last week about a hugely effective gene therapy for epidermolysis bullosa (if your stomach is strong, look that one up.) so there are some of us who genuinely are ethical, genuinely want to do good and work very hard to do that. We do a valuable job.
And then… in the same organisations you have asbestos in baby powder, dodgy as fuck marketing, lethal contaminants, and every poor practice under the sun. You have entire societies manipulated to create diseases that were not culturally recognised (look up ‘a cold of the soul’ in the context of Japan and prozac marketing. You have drugs that kill and people know it but they’re not pulled. All for money. And you have the whole sorry covid injection saga. Which was money and maybe something even worse.
So yes, while we do make lifesaving drugs, and we need to exist, I agree with @Secret Asshole that we also need to be watched like a hawk and regulated harder than hard. The love of money has been a big root of the old school pharma behaviour (‘yeah it kills one percent but it’s made us billions so sit in that data!’’ Is pure greed) but you are right to pick out the church of scientism as one cause of the more recent stuff. The covid hysteria could NOT have played out as it did without that cult like attitude.
It’s a strange industry at the moment, but it’s a strange world

 

[XYZpdq Jr.]

Informal internet questions but was asking in the covid thread.

Do you smoke nicotine, cannabis or both?
Do you take vit d or get large exposure to sunlight?

Don't have much official data to back it up but can't help but noooticing that smokers and vit d users seem to have the virus miss them.

Smoke weed like a stoned chimney and I never got coofed despite being pure blood and making out with a coofed chick
I suspect it's that smokers in general are less likely to notice a slight cold over the normal sniffing and coughing, but yeah that does seem to be a thing. People with natty vitamin d loads from being outside too

 

[Bland Crumbs]

I work in the ‘getting research to patients’ field, and it’s a strange place to be. I know some incredibly dedicated scientists who have dragged work from the lab to patient to market to be almost-cures for one form of cystic fibrosis, spinal muscular atrophy forms of progressive blindness and developed new antibiotics and there was some fantastic work out last week about a hugely effective gene therapy for epidermolysis bullosa (if your stomach is strong, look that one up.) so there are some of us who genuinely are ethical, genuinely want to do good and work very hard to do that. We do a valuable job.
And then… in the same organisations you have asbestos in baby powder, dodgy as fuck marketing, lethal contaminants, and every poor practice under the sun. You have entire societies manipulated to create diseases that were not culturally recognised (look up ‘a cold of the soul’ in the context of Japan and prozac marketing. You have drugs that kill and people know it but they’re not pulled. All for money. And you have the whole sorry covid injection saga. Which was money and maybe something even worse.
So yes, while we do make lifesaving drugs, and we need to exist, I agree with @Secret Asshole that we also need to be watched like a hawk and regulated harder than hard. The love of money has been a big root of the old school pharma behaviour (‘yeah it kills one percent but it’s made us billions so sit in that data!’’ Is pure greed) but you are right to pick out the church of scientism as one cause of the more recent stuff. The covid hysteria could NOT have played out as it did without that cult like attitude.
It’s a strange industry at the moment, but it’s a strange world

I was a little more blunt than intended.

There definitely needs to be stricter oversight but who does that fall on? We obviously cannot trust the government. We cannot trust academia. We cannot trust law enforcement. We cannot trust doctors or medical associations.

Unless I am just completely off pretty much everything seems to be deeply corrupt.

 

[Otterly]

I was a little more blunt than intended.

There definitely needs to be stricter oversight but who does that fall on? We obviously cannot trust the government. We cannot trust academia. We cannot trust law enforcement. We cannot trust doctors or medical associations.

Unless I am just completely off pretty much everything seems to be deeply corrupt.

Hey no worries be as blunt as you want, this is the farms.
Who watches? I don’t know. We can’t trust anyone any more. I don’t know if you’ve seen those experiments where they test if you’ll steal or hurt someone, but they consistently show that a small minority will always do the bad thing, a small minority will never do the bad thing and the bulk will do it or not depending on peer pressure and if they get caught.
I’m the type who wouldn’t do something I deem immoral even if I knew 100% I wouldn’t get caught because it would eat away at me. (Nb this does not necessarily line up 100% with what the law is.) It’s been a shock to see how few people are like that and what the consequences of that are.
Not absolutely everyone is deeply corrupt, but I think any body or organisation big enough to have an impact is rotten to the core. I dont know how to fix it.
Honestly I’d retire tomorrow if I could. I no longer want to work in this whole thing

 

[Nopenopenope]

I'm optimistic this will just put the final nail in the coffin as far as covid BS goes. When test kits stopped being free in the UK and people had to start paying for them, all of a sudden most people just stopped giving a shit over whether they had it or not. It also helped that the gibs dried up, no more paid days off for having the sniffles.

 

[Shidoen]

I'm a hippie now?! Fuck, that Bingo square is all the way in the corner....

Your retardation is a chart in itself

 

[Kel1 shi1]

I'm not a scientist or a mathematician, but when over half the poked people I personally know have gotten infected by COVID within the last year and my not poked self is doing just fine something seems off.

There's no evidence to support that.

https://kiwifarms.st/threads/wuhan-coronavirus-thread-2-booster-shot.112353/post-14129692