I guess it’s nice that Phizer didn’t take federal R&D investment, but its private investment in a Covid-19 vaccine is inseparable from the broader investment environment that Operation Warp Speed made possible.
https://twitter.com/FaceTheNation/status/1305180611200593921
I salute Phizer CEO Albert Bourla for demonstrating that when the government invests in solving a major technical problem, and when the economy isn’t running at anything close to full capacity, private companies respond by crowding *in* investment to solve that same problem.
Given that the US pre-purchased doses from Phizer, thus ensuring a market would exist for their product, it’s pretty rich that Bourla is bragging that Phizer declined federal R&D investment. We, the American public, gave them guaranteed upside!
https://twitter.com/ChrisMurphyCT/status/1325810972142002177?s=20
“I’m proud to announce that our lemonade stand will invest in breakthrough citrus research WITHOUT taking federal R&D money. I did this to liberate our mixologists from burdensome bureaucracy.”
(just offscreen, the government is writing a check for 200 billion cups of lemonade)
(just offscreen, the government is writing a check for 200 billion cups of lemonade)
Pfizer. The company’s name is Pfizer. I regret the error and remember this very old meme: bukk.it/phteven.jpg
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