Moderna is jacking up the price of its COVID vaccine, selling it for many many times the cost of production despite making an expected $18 billion last year.

The truth is the vaccine was never just the Moderna vaccine. When COVID-19 hit, the US government sprang into action. The National Institutes of Health worked hand-in-hand with Moderna and taxpayers spent more than a billion dollars to create and develop the vaccine.

In fact, Moderna does not even have permission to use one of the key government-owned technologies behind the vaccine.

This gives the government ongoing leverage to demand better behavior. The Biden administration should use it and require Moderna to set a reasonable price and promote equitable access to the vaccine worldwide.

After you watch our report, click ‘START WRITING’ to sign and send a direct message to Secretary of Health and Human Services Xavier Becerra to demand he use the government’s power to stop COVID vaccine price gouging now.