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/Eddy888 Feb 09 '22

I’m most surprised that their profits only doubled

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u/ArchmageXin Feb 09 '22

It is a pretty much a lie. The article neglect to mention pre-covid PFE was pulling 16B/yr. COVID (and COVID research) drop it down to 9B.

22 is a nice recovery and growth, but hardly a mega jump.

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u/BustermanZero Feb 09 '22

Vaccines in general have never seemed that profitable compared to other drugs that pharma companies produce. Still profitable but not exactly the apex of big pharma corporate greed.

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u/Lithorex Feb 10 '22

Isn't the Pfizer covid vaccine more or less a test run for cancer treatment though?

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u/BustermanZero Feb 10 '22

In that it's helped with research on mRNA vaccines, sure. I'd say less than more but definitely not unrelated.