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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 AUstar
Posted on 5/4/21 at 12:10 pm to AUstar
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 on 5/4/21 at 12:11 pm to David_DJS
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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