Thursday, June 20, 2024
    HomeWorldModerna's CEO Defends the $130 Per Dose Cost of Covid-19 Vaccine in...

    Moderna’s CEO Defends the $130 Per Dose Cost of Covid-19 Vaccine in US During Senate Hearing

    Related stories

    Jagan predicts YSRCP victory in upcoming elections

    Jagan urged supporters to stay hopeful, resilient, and connected, asking them to remove the feeling of defeat.

    MLA Ganesh from Secunderabad Cantonment inaugurates Karma Shed at Hindu Cemetery

    Cantonment MLA Sri Ganesh recently inaugurated the Karma Shed...

    Hyderabad and Simpliforge Creations install India’s first Pedestrian Bridge using Indigenous 3D Printing Technology

    Hyderabad, 19 June 2024: A 3D printed bridge has beendeployed on the campus of IIT Hyderabad (IITH). The conceptand design were developed and evaluated by Prof. K.V.L.Subramaniam and his research group, Department of CivilEngineering, IIT Hyderabad. The bridge was off-site printed by Simpliforge Creations, a startup company specializing inproviding 3D concrete printing solutions. Designed as apedestrian bridge, a full-scale 7.50 m bridge was field deployedafter load testing a smaller prototype bridge. The...

    Collector Priyanka Ala Bids Farewell

    Collector Priyanka Ala was transferred from the district to...

    Moderna, the maker of the Covid-19 vaccine, has faced criticism for its plans to increase the price of the shot to $130 per dose in the United States. The company has defended the price hike, stating that it is necessary as purchases transition from the government to the private sector. Moderna CEO Stephane Bancel explained in a Senate hearing that the company will be required to deliver single-dose vials or pre-filled syringes of its Covid vaccine, compared to filling 10-dose vials for government procurement. This change will result in a loss of economies of scale. Additionally, Bancel noted that Moderna is expecting a 90% reduction in demand once it shifts to commercial distribution of the shots later this year. Moderna’s price rise plans drew the ire of Democratic US Senator Bernie Sanders, who chairs the influential Committee on Health, Education, Labor and Pensions. Sanders has advocated for lower drug prices and urged the company against its move as it received government funding for the vaccine.

    - Advertisement -
    Rajesh M
    Rajesh M
    Latest News from Hyderabad, Telangana, India & World!

    Follow us


    Contribute News

    You can contribute an article to Telangana Tribune by dropping a mail at

    Latest stories


    Please enter your comment!
    Please enter your name here