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Started By
Message
re: Pfizer earned $3.5 billion on COVID vaccine in first quarter
Posted on 5/4/21 at 9:27 am to The Maj
Posted on 5/4/21 at 9:27 am to The Maj
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.
1
Posted on 5/4/21 at 9:27 am to Powerman
No wonder they are scrambling to make this an annual booster and working to vaccinate low risk children.
I wonder how many millions of that will end up back in the pockets of the dem politicos pushing this vaccine like the world is ending?
I wonder how many millions of that will end up back in the pockets of the dem politicos pushing this vaccine like the world is ending?
Posted on 5/4/21 at 9:28 am to The Maj
Don't know. I had read in the past in other articles that Pfizer was not taking the federal money...hence leftists said Trump couldn't take credit for that vaccine.
Posted on 5/4/21 at 9:29 am to ThinePreparedAni
quote:
I have no problem of being critical when calling out exploits (in any system)
I hold many "opposing' views in balance. An example being an advocate for food quality and responsibly caring for the environment while acknowledging that "climate change" is fear mongering
What you do is ascribed sinister motives to things you disagree with and nothing but positive motives to those things you agree with.
Posted on 5/4/21 at 9:29 am to Jbird
I read the link
Posted on 5/4/21 at 9:30 am to cwill
quote:
From your article. What they did receive was a contract to purchase doses if the vaccine was Dev and approved.
At about double the cost of the other vaccines, guaranteed whether needed or not AND their contract did not have the intellectual property protections the other contracts had...
I am not against profit but I do question private profits when it is heavily subsidized by the taxpayer...
Are you suggesting they should not be questioned, especially given all the frickery that has surrounded Covid?
Posted on 5/4/21 at 9:30 am to cwill
quote:
This is basically an anti-capitalist rant.
so capitalism is rooted in fake problems and drummed up fear? bullshite.
Posted on 5/4/21 at 9:30 am to Jbird
I own shares of PFE so I'm happy.
Posted on 5/4/21 at 9:31 am to Jbird
Profit Shaming? They developed a vaccine at their own risk and put it to market. They have a right to a return on their risk and work.
After all we are not communists.
After all we are not communists.
Posted on 5/4/21 at 9:32 am to Vacherie Saint
quote:
No wonder they are scrambling to make this an annual booster and working to vaccinate low risk children.
Exactly. Pretending like government doesn't have a hand in this with the threats and cajoling from federal, state, and local governments is dumb. But just the kind of capitalism I expect from my corporatist overlords.
Posted on 5/4/21 at 9:33 am to GardenDistrictTiger
quote:
They developed a vaccine at their own risk and put it to market.
Once again, pharmaceutical companies have gross protections from the government that minimize their risk. While we're not communists, we are socialists. Pretending that's free market is dumb.
Posted on 5/4/21 at 9:34 am to The Maj
quote:
Are you suggesting they should not be questioned, especially given all the frickery that has surrounded Covid?
I’m suggesting you were wrong and didn’t read the article you linked.
Posted on 5/4/21 at 9:34 am to GardenDistrictTiger
quote:What risk?
They developed a vaccine at their own risk
Posted on 5/4/21 at 9:37 am to Jbird
What's FauXi's royalty worth?
Posted on 5/4/21 at 9:37 am to Jbird
right. LOl we had a never before seen global lockdown. It was the most expansive and magnificent case of fear pron in human history. Governments were changing laws to race these vaccines through so they could buy billions in supply.
Big Pharma didn't race this vaccine to market in a handful of months out of a sense of charity.
Big Pharma didn't race this vaccine to market in a handful of months out of a sense of charity.
Posted on 5/4/21 at 9:38 am to Vacherie Saint
quote:.
so capitalism is rooted in fake problems and drummed up fear? bullshite.
That’s what an anti-cap like thine would say, that’s why it’s an anti-cap rant. Am I taking crazy pills?
Posted on 5/4/21 at 9:41 am to Jbird
Out of all of the billions and trillions spent, that's 3.5 billion well spent and well earned.
Posted on 5/4/21 at 9:43 am to Jake88
quote:
You are an intelligent guy.
Posted on 5/4/21 at 9:43 am to GardenDistrictTiger
quote:I read that as revenue. Did they mention profit margin? I didn’t read all of it.
Profit Shaming?
Posted on 5/4/21 at 9:43 am to Jbird
quote:
What risk?
That they would make sizable R&D investments, but have no product to market.
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