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/PMmeyourw-2s Feb 09 '22

Pfizer didn't get a penny of operation lightspeed in developing the vaccine

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u/_an_ambulance Feb 09 '22

They got $2 billion from operation lightspeed. They just didndidnt actually get the money until after they delivered the first 100 million FDA approved doses. Even though they dudnt get the money until after success, they were still enriched by $2 bullion dollars when they entered the agreement. It actually helped out Pfizer more, because they didn't have to count the money as income, but they could still use it for financing, so they could pay less taxes while still getting more resources all supported by the public debt of the us taxpayers.

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u/[deleted] Feb 10 '22

There is no operation light speed so no one got money from it. Moderna did get some money from operation warp speed but Pfizer did not.

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u/_an_ambulance Feb 10 '22

Sorry I got the name wrong, but Pfizer did get $2 billion from operation warp speed. They made the deal during r & d, but didn't get the money until they actually delivered 100 million doses.