Professor of Law Grills Moderna Price Hikes, Says Bancel Could Afford R&D Costs Out of His Own Pocket

Christopher J. Morten: "In 2021 and 2022, Moderna made over $20 billion in profits. The company has been so spectacularly successful that many of its executives and early investors became billionaires, including Mr. Bancel. As I speak right now, Mr. Bancel's net worth is reportedly about $4.7 billion, meaning he might be rich enough to fund Moderna's entire 2023 r&d expenditure out of his own pocket."

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