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Thread: Some Vaccine Makers Say They Plan To Profit From Corona Virus Vaccine

  1. #1
    Moderator Julieanne's Avatar
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    Default Some Vaccine Makers Say They Plan To Profit From Corona Virus Vaccine

    Katherine J. Wu
    July 21, 2020 Updated July 28, 2020

    Moderna, which is receiving $483 million from the U.S. government, told lawmakers it would not sell its vaccine at cost. Pfizer has said it would also profit, but has so far taken no government money.

    Executives from four companies in the race to produce a coronavirus vaccine — AstraZeneca, Johnson & Johnson, Moderna Therapeutics and Pfizer — told lawmakers on Tuesday that they are optimistic their products could be ready by the end of 2020 or the beginning of 2021. All four companies are testing vaccines in human clinical trials.

    Three of the firms — AstraZeneca, Johnson & Johnson and Moderna — are getting federal funds for their vaccine development efforts.

    Read more: https://www.nytimes.com/2020/07/21/h...na-pfizer.html
    Last edited by Julieanne; 1 Week Ago at 09:09 PM.

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    Veteran Member Maurya's Avatar
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    Default Re: Some Vaccine Makers Say They Plan To Profit From Corona Virus Vaccine

    This really grinds my gears, that my taxpayer money should be used by these thieves to generate exorbitant profits for themselves.

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    Default Re: Some Vaccine Makers Say They Plan To Profit From Corona Virus Vaccine

    Support for Maurya!
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    Veteran Member Mr. Wizard's Avatar
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    Default Re: Some Vaccine Makers Say They Plan To Profit From Corona Virus Vaccine

    And, in order to make a profit, these companies sell first to "rich countries," leaving poorer, low-income countries in a lurch. In fact, the U.S. and several European countries have already signed Billion dollar agreements with these companies for millions of doses even before the vaccine has been proven to work. In addition to the vaccine, the U.S. has already locked up 90% of the world's supply of remdesivir--the anti-viral drug shown to help COVID-19 patients--through September. In 2009, the U.S. & Canada purchased over 300 million doses of the H1N1 vaccine, leaving poorer countries to wait 7 months for donations from richer countries. If history repeats itself, poor countries will not have COVID-19 vaccine until many months after the vaccine has been sold to the highest bidder. Keep Reading:
    https://www.sciencemag.org/news/2020...9-shots-fairly

    https://www.forbes.com/sites/judysto.../#39d329016e99

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    Administrator Islander's Avatar
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    Default Re: Some Vaccine Makers Say They Plan To Profit From Corona Virus Vaccine

    Another instance of feeling angry and helpless.
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    Veteran Member Mr. Wizard's Avatar
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    Default Re: Some Vaccine Makers Say They Plan To Profit From Corona Virus Vaccine

    Rich countries obtaining vaccines first & hoarding them is not a new problem. The "me first," "vaccine nationalism" happens almost every time there's a pandemic. The WHO, together with other international humanitarian groups, formed the COVID-19 Global Access Facility (COVAX) group, to ensure that a vaccine would be equally distributed. Unfortunately, many of the rich countries that signed on to COVAX have already contracted with vaccine companies to be first in line for millions of doses of the COVID vaccine. Historically, these world alliances formed to ensure equitable distribution of new drugs & vaccines have not worked out well for poorer countries.
    https://www.sciencemag.org/news/2020...9-shots-fairly

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