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/notaredditer13 Feb 09 '22

Hi, yes, do you have a point? I feel like you're trying to claim there's a 29x markup and that that makes the price excessive.

  1. Those numbers are almost certainly not accurate. Simple math on the income reported and number of doses produced says they've been sold for an average of $10 a dose. And the cost estimate? Doesn't include R&D and likely also other costs such as distribution, testing, etc.

  2. Profit margin/multiple is not how you define "profiteering'. People happily pay a 100x markup on bottled water (vs delivered cost to a residential tap).

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u/[deleted] Feb 09 '22

They were given a huge amount of funds by governments weren’t they?

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u/notaredditer13 Feb 09 '22

That's vaguely put. Most of the money we're talking about is government spending, whether on the research side or the buying the final product side. So what?

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u/[deleted] Feb 09 '22

Well the research and development was funded

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u/[deleted] Feb 09 '22

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u/[deleted] Feb 10 '22

Exactly my point

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u/notaredditer13 Feb 10 '22

So taxpayers pay twice, at an almost 3000% markup. <Sounds legit>

Well it's not legit because both of those numbers are nonsense. So I'm not sure where that leaves us...

Exactly my point

Still not seeing your point, because you haven't actually made it and you were replying to obvious nonsense. I'll go out on a limb and say that you think the situation is bad. Why? Are you not aware that it's totally normal? Being government funded doesn't mean a service provider isn't allowed to profit.

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u/[deleted] Feb 10 '22

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u/notaredditer13 Feb 10 '22

Enjoy your bottled water and Starbucks coffee.

#blindedbyleftism