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Moderna made $20 billion in profits. CEO Stephane Bancel pockets $4.7 Billion.

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First published at 09:42 UTC on March 23rd, 2023.

#moderna
#bancel
#profits

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Professor of Law Grills Moderna Price Hikes, Says Stephane 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 succe…

Professor of Law Grills Moderna Price Hikes, Says Stephane 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."

Source: https://twitter.com/VigilantFox/status/1638578669458268162?s=20

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