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Updated: Jul 1, 2025

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Public Returns on Public Investment: Moderna's Violation of the Social Contract
Abstract:
In January 2023, Moderna announced its intent to increase the price of the COVID-19 vaccine it co-developed with the National Institutes of Health (NIH) by 400%. The federal government should pressure Moderna to change course and resume buying doses for all Americans, leveraging its purchasing power to obtain a fair price.
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