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Pfizer considering price hike on Covid Vac once the scare wanes

Posted on 3/31/21 at 9:04 am
Posted by TaderSalad
mudbug territory
Member since Jul 2014
24656 posts
Posted on 3/31/21 at 9:04 am
CBS News: Pfizer Covid vaccine price hike post pandemic


Some light at the end of the tunnel, baws. Big Pharma is going to make this thing go away so they can make bank. Guess folks weren't getting the flu shots, so we got ourselves a new scare.
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
119204 posts
Posted on 3/31/21 at 9:05 am to
It's free
Posted by member12
Bob's Country Bunker
Member since May 2008
32096 posts
Posted on 3/31/21 at 9:05 am to
Profit is part of the motive for developing it so quickly and efficiently.
Posted by LNCHBOX
70448
Member since Jun 2009
84121 posts
Posted on 3/31/21 at 9:05 am to
quote:

Big Pharma is going to make this thing go away so they can make bank.


Posted by kciDAtaE
Member since Apr 2017
15765 posts
Posted on 3/31/21 at 9:07 am to
Raise prices after demand drops?

quote:

Big Pharma is going to make this thing go away so they can make bank.


And what does this mean?
Posted by goofball
Member since Mar 2015
16867 posts
Posted on 3/31/21 at 9:07 am to
You want life to go back to normal - especially for older relatives? Then you want to let "big pharma" have an incentive to develop vaccines and treatments for this.
Posted by TigerFanatic99
South Bend, Indiana
Member since Jan 2007
27609 posts
Posted on 3/31/21 at 9:11 am to
quote:


It's free


Lol
Posted by geauxpurple
New Orleans
Member since Jul 2014
12366 posts
Posted on 3/31/21 at 9:12 am to
What kind of market will there be for it at that point?
Posted by Forever
Member since Dec 2019
5740 posts
Posted on 3/31/21 at 9:14 am to
quote:

free

Found the guy who doesn’t understand how the world works
Posted by TDsngumbo
Alpha Silverfox
Member since Oct 2011
41627 posts
Posted on 3/31/21 at 9:16 am to
quote:

Profit is part of the motive for developing it so quickly and efficiently.

Is that gonna be the new OT mantra regarding the vaccine now?
Posted by TDsngumbo
Alpha Silverfox
Member since Oct 2011
41627 posts
Posted on 3/31/21 at 9:18 am to
quote:

What kind of market will there be for it at that point?

I think this just means they believe the covid shot will be like the flu shot - annually.
Posted by Clames
Member since Oct 2010
16584 posts
Posted on 3/31/21 at 9:21 am to
quote:

It's free


This retard thinks money grows on trees apparently.
Posted by TDsngumbo
Alpha Silverfox
Member since Oct 2011
41627 posts
Posted on 3/31/21 at 9:22 am to
It’s free to consumers, initially, right now.
This post was edited on 3/31/21 at 9:23 am
Posted by squid_hunt
Baton Rouge
Member since Jan 2021
11272 posts
Posted on 3/31/21 at 9:22 am to
Wow, guess they're not making the profits they thought they would. Pumping awful hard to get people to buy their product.
Posted by PoppaD
Texas
Member since Feb 2008
4916 posts
Posted on 3/31/21 at 9:24 am to
quote:

Is that gonna be the new OT mantra regarding the vaccine now?


It's the truth. Trump and operation warpspeed guaranteed the vaccine makers a huge profit.

There wasn't a cost to develop vaccine vs profit analysis because the companies knew they were gong to get a huge profit.

Do you understand that in typical drug development a company has to consider the cost of clinical studies, the cost of FDA approval, and the years required to recoup that investment? Because Trump guaranteed profit from the beginning the companies were able to develop it without thinking about the years needed to recoup their investment. The money to develop it and distribute it was already in the bank so to speak.
This post was edited on 3/31/21 at 9:33 am
Posted by dewster
Chicago
Member since Aug 2006
25365 posts
Posted on 3/31/21 at 9:31 am to
quote:

What kind of market will there be for it at that point?



When the immunity boost that the vaccine provides eventually loses it's strength, people will need boosters - especially those in group homes, prisons, dorms, and nursing homes.

They developed this vaccine so quickly, they should be able to make a good profit from it. Just worth noting that there are competing options to keep their pricing in check.
Posted by TSmith
New Orleans, La.
Member since Jan 2004
1653 posts
Posted on 3/31/21 at 9:34 am to
Imagine the billions they will have to make up for after this president raises corporate taxes. Nothing is free.
Posted by Evolved Simian
Bushwood Country Club
Member since Sep 2010
20525 posts
Posted on 3/31/21 at 12:22 pm to
quote:

I think this just means they believe the covid shot will be like the flu shot - annually.



Moderna has already conducted immune response research showing theirs will likely provide immunity for two or more years.

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