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

Posted on 5/4/21 at 12:10 pm to
Posted by David_DJS
Member since Aug 2005
18174 posts
Posted on 5/4/21 at 12:10 pm to
quote:

As for the guaranteed dose thing, yeah it's beneficial for sure. However, if the trial failed, they'd have to dump all those doses and eat all the R&D costs as well.

I'm going by memory and am not pretending to be an expert. I don't follow Pfizer - but, didn't they partner up with someone that had already developed a platform for the vaccine? I seem to remember reading about how they weren't risking much at all.

I think it's pretty reasonable to take issue with the "COVID economy" - government definitely stepped in and picked winners and losers, and that meant Amazon/Pfizer made huge bank while hundreds of thousands of small and medium-sized businesses struggled. I think criticism of Pfizer (in this instance) is a general comment about the loss of the free market/competitive capitalism we all once believed in.

And don't forget, we're talking about a vaccine that a ton of us have no use for while gov't, medicine, media, etc., try to cram it down our throats.
Posted by Jbird
In Bidenville with EthanL
Member since Oct 2012
73520 posts
Posted on 5/4/21 at 12:11 pm to
quote:

But BioNTech received substantial support from the German government in developing their joint vaccine. And taxpayer-funded research aided both companies: The National Institutes of Health patented technology that helped make so-called messenger RNA vaccines possible. BioNTech has a licensing agreement with the N.I.H., and Pfizer is piggybacking on that license.
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