This is Why Big Pharma Doesn’t Want Covid to End
by Umair Haque
Posted July 22, 2021
I know it sounds like conspiracy theory. But you should know it, and know it’s true. Big Pharma seems to be betting that Covid will go permanent, so its profits go through the roof, and makes one of the biggest fortunes in human history.
You doubt me, probably, and I don’t blame you — who could really be that cynical? It’s one thing to profiteer off a pandemic — but permanently? Come on. That’s paranoid!
So don’t take it from me. Take it from the horse’s mouth.
“In early February, Pfizer CFO Frank D’Amelio described Pfizer’s $19.50-per-dose price as ‘pandemic pricing’ and ‘that’s not a normal price like we typically get for a vaccine, $150, $175 per dose.’”
D’Amelio said later in the same call, “Now let’s go beyond a pandemic-pricing environment, the environment we’re currently in. Obviously, we’re going to get more on price. And clearly, to your point, the more volume we put through our factories, the lower unit cost will become. So clearly, there’s a significant opportunity for those margins to improve once we get beyond the pandemic environment that we’re in.” More…