Sen. Bernie Sanders, I-Vt., has summoned Moderna CEO Stéphane Bancel to Capitol Hill for a public chastising next week. The hearing will probe why the biotech firm would consider raising the price of its COVID-19 vaccine.
Since the federal government played some role in the vaccine’s development, Sen. Sanders argues, it shouldn’t have the freedom to price its product at a price willing buyers will pay if that price strikes the Vermont senator as too high.
We should expect nothing less from the Senate’s only avowed socialist. But Sanders’s stance actually puts lives at risk and could set drug innovation back irreparably.