Pfizer, BioNTech and Moderna are making combined profits of $93.5 million per day, according to a new analysis.
That’s $65,000 every minute and $1,000 per second.
Medical Xpress reported:
Pfizer, BioNTech and Moderna are making combined profits of $65,000 every minute from their highly successful COVID-19 vaccines while the world’s poorest countries remain largely unvaccinated, according to a new analysis.
The companies have sold the vast majority of their doses to rich countries, leaving low-income nations in the lurch, said the People’s Vaccine Alliance (PVA), a coalition campaigning for wider access to COVID vaccines, which based its calculations on the firms’ own earning reports.
The Alliance estimates that the trio will make pre-tax profits of $34 billion this year between them, which works out to over $1,000 a second, $65,000 a minute or $93.5 million a day.
“It is obscene that just a few companies are making millions of dollars in profit every single hour, while just two percent of people in low-income countries have been fully vaccinated against coronavirus,” Maaza Seyoum of the African Alliance and People’s Vaccine Alliance Africa said.
Dr. Fauci on Tuesday said it’s “conceivable” the US could reach Covid endemic level rather than a pandemic by next year….if everyone rolls up their sleeves and gets boosters.
“To me if you want to get endemic, you have got to get the level of infection so low that it does not have an impact on society, on your life, on your economy,” Fauci said in an interview during the Reuters Total Health conference.
“People will still get infected. People might still get hospitalized, but the level would be so low that we don’t think about it all the time and it doesn’t influence what we do,” he added.
Gotta wait until Big Pharma pumps out a few more rounds of Covid booster shots.