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.
🇺🇦PsiPhi 🦉🔬@rbreich
To be a little bit fair they have to account for the R&D for all the drugs that flop and end up losers. They have to have make up for that, pay their overhead and still turn a profit. Obviously greed/ profit motive is there, they’re not a charity, but without such big rewards companies won’t risk the billions needed to create such complex vaccines in the first place. Don’t know what a fair price should be for the risk. Too low & companies won’t enter the market & no vax.
To be a little bit fair they have to account for the R&D for all the drugs that flop and end up losers. They have to have make up for that, pay their overhead and still turn a profit. Obviously greed/ profit motive is there, they’re not a charity, but without such big rewards companies won’t risk the billions needed to create such complex vaccines in the first place. Don’t know what a fair price should be for the risk. Too low & companies won’t enter the market & no vax.
LadyUnicornEJGThe government funds like all investors should be treated fairly and given appropriate returns on investments and because it’s a medicine, recipients shouldn’t be exploited/ extorted. It’s oversimplified but these are the basic ethics we should be able to agree on.
@ladyunicornejg @rbreich
And of course the governments provide all sorts of infrastructure and services that benefit these companies so taxes and mutual benefit must be ensured
And of course the governments provide all sorts of infrastructure and services that benefit these companies so taxes and mutual benefit must be ensured