[1/3] CEO of Moderna Stephane Bancel looks up at the session "State of the Pandemic" during the World Economic Forum (WEF) in Davos, Switzerland, January 18, 2023.
Moderna (MRNA.O) CEO Stephane Bancel was called to testify after the company flagged plans to raise the vaccine's price to as much as $130 per dose, drawing the ire of Democratic U.S.
Senator Bernie Sanders, who chairs the influential Committee on Health, Education, Labor and Pensions (HELP).
The government in May plans to end the COVID public health emergency, putting much of the vaccine purchasing in the hands of the private sector.
Moderna in February forecast $5 billion in COVID vaccine sales this year, far less than the $18.4 billion windfall in 2022, due to decreasing demand for the shots.