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.
Flip them all@krenaud @ekennedy80 @rbreich What I've never understood is why the government doesn't put the patent in the public domain whenever they've funded the R&D.
@rbreich @JYeo18 @ekennedy80 or even better, licence the tech for free, but requiring the licensees to give back to the public in some way.