Just heard that it only costs $3 per dose for Pfizer and Moderna to make their COVID vaccine. But they sell it for $15-40 to the world.
Given the amount of publicly funded research that went into development of these vaccines, & the current crisis, this is unacceptable.
Given the amount of publicly funded research that went into development of these vaccines, & the current crisis, this is unacceptable.
I'm ok with profits. But not on this scale, where it places many countries at huge financial and public health crisis. google.com/amp/s/www.nyti…
Moderna had $1.7 billion in sales, and $1.2 billion in profit. google.com/amp/s/www.mark…
These vaccines have been granted extraordinary privilege: Sales of hundreds of millions of doses already without full approval. Under EUA. Billions more need them in the world.
It's the type of situation where big governments have to help fix reasonable prices.
It's the type of situation where big governments have to help fix reasonable prices.
Governments with leverage over these companies should not hesitate to use it make these vaccines affordable. So countries don't ruin their healthcare systems by spending all they have on these vaccines to save their citizens. So we can save as many lives as possible.
Note that any boosters that are made to improve durability of protection or to counter COVID variants take on much less risk than the initial product where we had no idea of safety or efficacy. Plus they are all guaranteed sales of the same magnitude as the current vaccines.
Pfizer which charges about $20 for dose feels they are giving us a discount. Pandemic pricing. biopharmadive.com/news/coronavir… 
I recognize the immense significance of these vaccines, and I am grateful we have them. I called them one of the greatest advances in medicine of all time. I also recognize when their price should be much lower.
https://twitter.com/VincentRK/status/1344666425768738816
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