December 5, 2022
Moderna CEO Stephane Bancel announced his pharmaceutical company is throwing out millions of its COVID-19 vaccines due to a “big demand problem.”

Moderna CEO Stephane Bancel announced his pharmaceutical company is throwing out millions of its COVID-19 vaccines due to a “big demand problem.”

Bancel’s comments came while speaking on a panel at the World Economic Forum in Davos, Switzerland, this week.

“It’s sad to say I’m in the process of throwing 30 million doses in the garbage because nobody wants them. We have a big demand problem,” Bancel said.

Bancel said Moderna has reached out to several countries to see if any governments wanted the vaccines but that the interest is not there.

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“We right now have governments — we tried to contact … through the embassies in Washington. Every country and nobody wants to take them,” the Moderna chief said. “And so the challenge we have right now is very different to the one we had two years ago.”

“The issue in many countries is that people don’t want vaccines,” Bancel added, specifically referencing the United States.

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Bancel’s comments come as Moderna Chief Medical Officer Paul Burton announced plans to release a new omicron booster this fall.

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