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re: Pfizer earned $3.5 billion on COVID vaccine in first quarter

Posted on 5/4/21 at 9:02 am to
Posted by The Maj
Member since Sep 2016
27407 posts
Posted on 5/4/21 at 9:02 am to
quote:

I'm sure it's just an example of the beautiful free market at work


Paid for development by the government, then paid for the doses...

USA Today August Article
Posted by cwill
Member since Jan 2005
54754 posts
Posted on 5/4/21 at 9:27 am to
quote:

Pfizer/BioNtech developed their candidate vaccine without government assistance and recently started a phase 2/phase 3 trial, which they also will self-fund. The two have already invested billions of dollars in their work, according to a Pfizer spokesman.


From your article. What they did receive was a contract to purchase doses if the vaccine was Dev and approved.
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