Pandemic – Vaccines: Pfizer, BioNTech and Moderna rake in more than $ 1,000 per second

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Posted16 November 2021, 09:54

The vast majority of doses were sold to rich countries, deplores an association.

Ensemble, Pfizer, BioNTech and Moderna would garner together 93,5 million dollars a day.

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AFP

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Pfizer, BioNTech and Moderna Raise Combined Profit of 65000 dollars per minute thanks to their vaccines against Covid-19, according to a study by the People’s Vaccine Alliance, which campaigns for a better distribution of vaccines around the world.

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These pharmaceutical groups have amassed this money by selling the vast majority of their doses to rich countries, at the expense of less developed nations which remain very poorly vaccinated, deplores the association.

According to their calculations, based on the results published by these companies, the trio will realize pre-tax profits of 34 billion dollars this year, or more than a thousand dollars per second, 65000 dollars per minute or 93.5 million dollars a day.

“Indecent”

Pfizer, BioNTech and Moderna thus distinguish themselves from AstraZeneca and Johnson & Johnson, which currently sell their vaccines at cost price.

“It is indecent that a few companies are pocketing millions of dollars in profits every hour, when only 2% of people in low-income countries have been fully vaccinated against the coronavirus,” lamented Maaza Seyoum of the African branch of People’s Vaccine. Alliance and African Alliance.

The alliance also deplores that despite public funding of more than 8 billion dollars, Pfizer, BioNTech and Moderna have all rejected calls to transfer vaccine technology to producers in low-income countries through the WHO, “a move that could increase global supply, lower prices and save millions of lives ”.

The People’s Vaccine Alliance, which counts among its 80 members Oxfam and Onusida, also urges the pharmaceutical giants to immediately lift the patents protecting anti-Covid vaccines, via an initiative of the World Trade Organization, around which negotiations continue.

(AFP)

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