Profiting off the COVID Vaccine: Big Pharma Hauls in Big Dollars from the World’s Pandemic Misery

Stop Greed

You gotta hand it to them. A united front in pharma-land to keep the profits rolling in. When the outcry over the rising cost of prescription drugs erupted — 30% of patients cannot afford to take their prescribed doses — drug company flacks tut-tutted and came up with a refrain they repeat over and over: “[Increased prices are] necessary to support investments that allow us to continue to discover new medicines and deliver those breakthroughs to the patients who need them.” Balderdash! Even a committee of the bought and paid for House of Representatives was forced to admit: “…prices have skyrocketed over the last few decades… these same companies’ have dedicated more and more of their funds to enrich shareholders or to purchase other companies to eliminate competition.” Now pharma has come up with a new wrinkle. The CEO of the world eighth largest drug company, Pfizer, one of three vaccine makers, — revenues of over $42 billion in 2020 — took it upon himself to announce that every American would need at least one booster shot and a COVID vaccination ever year. That announcement more than quadrupled projections for Pfizer’s future revenues from the vaccine. Is the CEO of any drug company particularly one with such an obvious conflict of interest competent to make healthcare decisions affecting every American? Before you decide, check out “Profiting off the COVID Vaccine: Big Pharma Hauls in Big Dollars from the World’s Pandemic Misery

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Vaccines Developed by a Profit-Driven Healthcare System May Not Stop the Next Pandemic

For Profit Hospitals

it’s very nice that the G20 [20 of the world’s largest economies] see Covid-19 immunization ‘as a global public good,’ but the reality is that G20 countries have privatized the medical knowledge behind Covid vaccines … preventing most of the world producing the vaccines we so desperately need. They should have taken this moment to commit to putting the health of people across the world ahead of Big Pharma’s profits,” [Daniel Willis, U.K advocacy group Global Justice]

The role of the U.S. in this shameful conspiracy is appalling. Like his predecessor, President Biden has continued to block India and South Africa’s proposal for an emergency lifting of the world-wide agreement that enforces patent protection allowing drug companies to hoard the formula’s for the vaccine. Monopoly control by the drug companies persists even though a lot of taxpayer money went into the development of their vaccines. Would you believe the drug companies have already bamboozled the U.S. out of $12 billion of taxpayer money?

There’s lots more to indict the U.S., including a profit-driven healthcare system that was so totally unprepared for the pandemic that the U.S. finds itself in the unenviable position of being 5% of the world’s population but first in COVID cases and deaths. How does the U.S. lack of a national health care system make vaccines only a temporary solution? You may find the answer in “Vaccines Developed by a Profit-Driven Healthcare System May Not Stop the Next Pandemic

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