Robert ReichModerna is planning to charge $130 for its COVID vaccine, but the vaccine only costs $2.85 to make.
Meanwhile, over the last two years, the company made over $19 billion in profits off the vaccine.
Folks, this is what corporate greed looks like.
Edward Kennedy@rbreich I totally agree with you about the disparity between cost to make versus the sale price. That being said, I am curious how much the research of the vaccine cost Moderna.
Krister Renaud@ekennedy80 @rbreich Moderna got over $1bn from operation warp speed and has sold a LOT of doses. There is no chance that they aren't already making a big profit.
@krenaud @rbreich That’s what I am thinking. The American people shouldn’t be gouged especially since we helped fund the rollout of the vaccine. I am more curious about the cost of the underlying technology, mRNA platform, that was researched for at least a decade before implementing a COVID vaccine.
@rbreich @ekennedy80 reading this it sounds like the companies should have been able to recover those costs too considering others have provided some of the research.
