Biden Administration Attempting to Bail Out Moderna

The pharmaceutical company Moderna, which has already received over $10 billion in taxpayer funds for the development of its COVID-19 vaccine, could receive even more public money at the request of the Biden Administration.

According to the Washington Free Beacon, lawyers with the Department of Justice (DOJ) offered in court filings last month to “relieve” Moderna of any liabilities it may face as the result of a lawsuit claiming that the company has not paid licensing fees for the technology it utilized to develop its vaccine for the Chinese coronavirus.

Moderna’s lawyers have claimed that, since the creation of the vaccine was part of the federal government’s plan known as “Operation Warp Speed,” the government should have to pay for any legal settlement. Lawyers with the Biden DOJ ultimately agreed with this sentiment, saying that any financial burden should “transfer” to the federal government.

The request was denied by a judge, but both Moderna and the DOJ could appeal the judge’s decision. In response, one of the companies that has sued Moderna, Genevant, declared that Moderna is “trying to shift responsibility for its patent infringement to the U.S. taxpayer.”

As a result of its cooperation with the government and subsequent revenue from vaccine sales, Moderna has faced criticism from both the Right and the Left. Senator Bernie Sanders (I-Vt.) has called Moderna the “poster child” for Big Pharma and its profiting off of the suffering of the American people during a pandemic.

After it was revealed that the company plans to quadruple the price of the COVID vaccine, the Senate Health, Education, Labor, and Pensions Committee invited Moderna CEO Stephane Bancel to testify before Congress. The company has made billions off the vaccine already, having failed to market a drug for the last 10 years. Following the release of the vaccine, the company’s revenues increased from $800 million in 2020 to $19 billion in 2022.

In addition to direct revenue, the company has received billions more from government handouts during the vaccine’s development. Moderna was given $8.2 billion through a Pentagon contract, while the Department of Health and Human Services (HHS) paid the company another $1.7 billion.

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About Eric Lendrum

Eric Lendrum graduated from the University of California, Santa Barbara, where he was the Secretary of the College Republicans and the founding chairman of the school’s Young Americans for Freedom chapter. He has interned for Young America’s Foundation, the Heritage Foundation, and the White House, and has worked for numerous campaigns including the 2018 re-election of Congressman Devin Nunes (CA-22). He is currently a co-host of The Right Take podcast.

Photo: Children may soon be vaccinated against COVID-19 after the Moderna vaccine acquired approval in Britain and Europe for use in 12 to 17-year-olds. Britain's health regulator, the Medicines and Healthcare products Regulatory Agency [MHRA], approved the Moderna COVID-19 vaccine for children aged 12 to 17, on 17th August 2021. The announcement came only days after an announcement that 16 and 17-year-olds in England were to be offered the vaccine. In Europe Moderna was authorised for children aged 12-17 by the European Medicines Agency [EMA] on 23rd July. The Moderna, NIAID vaccine, a vaccine that aims to protect against COVID-19.. (Photo by: Rob Welham/Universal History Archive/Universal Images Group via Getty Images)