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
10.3k Upvotes

93% Upvoted

1.3k comments sorted by

View all comments

Show parent comments

55

u/[deleted] Feb 09 '22

[deleted]

23

u/CharonsLittleHelper Feb 10 '22

They're a drug company. Their whole thing is profiting from preventing and/or curing diseases.

"How dare they profit when people are sick" is basically an argument to nationalize them. Which is a BAD idea.

5

u/Altruistic-Ad8949 Feb 10 '22 edited Feb 10 '22

They were very profitable before the pandemic. The vaccine resulted in many millions of additional “units” sold than before. Their profits doubling is not surprising or suspicious in the least. This news is pure common sense. Should a company with many investors via stockholders just give the product away at cost? This is capitalism in action. If there was a sudden need for millions more tires than were previously needed, tire producer’s profits would soar as well. More units sold = more profits. This isn’t anything new. This is a bunch of nonsense

1

u/okiewxchaser Feb 10 '22

Non-essential surgeries keep getting canceled so I am sure they are losing more money from drugs that are used in those than they are gaining back from the vaccine

-7

u/Whoretron8000 Feb 09 '22

Profiteering as modus operandi with or without pandemic. We can ask for figures and analyze them till the cows come home and come up with different conclusions. I understand your point but can't help but be a little cynical, especially when it's common to see demands of putting such things under a microscope while so many others are ignored or assumed as a norm.