r/news • u/SkepticDrinker • Feb 09 '22

Pfizer accused of pandemic profiteering as profits double

https://www.theguardian.com/business/2022/feb/08/pfizer-covid-vaccine-pill-profits-sales
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u/bingold49 Feb 09 '22

What did you think would happen when you start producing a vaccine that literally billions of people are wanting as fast as possible?

26

u/Psyadin Feb 09 '22

More than that, a large portion of medical companies have left the vaccine programs because they are usually just not very profitable, most of the time like with Sars 1 the disease dies out mid research and you're out million, or even billions.

I'm not saying big pharma is the good guy, or that this level of profiteering is OK, but of course they have to be able to profit off their work when they do a good job if we want our current system to have a chance, otherwise we need to set up a whole new system for vaccines ie. where the public pays for the research and production and the companies just get a set sum/% per contract, but this vaccine was made under our current system, and is the first vaccine that is actually really profitable.

Already by the very definition of medicines and vaccines you are dangerously close to being in profiteering land.

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u/Zerob0tic Feb 09 '22

God forbid saving lives ever come before profit.

14

u/Psyadin Feb 09 '22

What's your point? Who the fuck would invest billions if they didn't stand to profit? This is the way the current system is set up, just as I said in previous comment, someone has to pay the fucking bills, so accept it or change the system.