• anon_8675309@lemmy.world
    link
    fedilink
    English
    arrow-up
    84
    arrow-down
    4
    ·
    1 year ago

    Didn’t the government fund the development? So… it’s not like they need so much to recover R&D right?

    • Isakk86@lemmy.world
      link
      fedilink
      English
      arrow-up
      57
      arrow-down
      7
      ·
      1 year ago

      Welcome to the United States. Everything is subsidized, then turned around to fuck the average person.

    • MirthfulAlembic@lemmy.world
      link
      fedilink
      English
      arrow-up
      35
      arrow-down
      2
      ·
      1 year ago

      The government did not for Pfizer. That was Moderns. Pfizer did spend billions of their own cash. This move is largely because the executive leadership way overestimated the amount of covid vaccine and drug treatment revenue for this year, and they are desperate to make up ground.

      So they are raising prices and cutting across the board rather than admitting they didn’t know what they were doing in their projections. CEO isn’t taking a pay cut though. Morons got a winning lottery ticket in the pandemic and assumed they’d keep winning every year.

    • Kongar@lemmy.dbzer0.com
      link
      fedilink
      English
      arrow-up
      22
      arrow-down
      2
      ·
      1 year ago

      I know they funded moderna - they basically built Moderna’s new plants including their cmo’s plant so that they could produce at scale. Govt built and funded the plants at risk - prior to fda approval - so that it massively sped up the process to getting the drug in people’s hands. Those plants are now used for other drugs.

      I think - but not 100% sure - Pfizer did it on their own.

      Still - 10,000% is shameful.

    • BrianTheeBiscuiteer@lemmy.world
      link
      fedilink
      English
      arrow-up
      3
      ·
      1 year ago

      I’m fine with the public-private partnership but money like this needs to come with strings attached. We should’ve made an agreement to cap the price. We developed these drugs under the Trump administration so I really don’t think the impact to poor and middle class citizens has ever been a thought in his mind.