categoryMenu_new
 
  Home
  EXTRAORDINARY AH Teaching from Spiritual Hierarchy
  AbundantHope
  NEW READERS! Read Here First
  Supporting AH
  Leadership of AbundantHope
  Announcements
  Regional AH Sites
  Other Sites with AH material
  Contact Us
  Becoming A Messiah
  OUR PUBLIC FORUM IS OPEN TOO ALL
  Mission Ideas
  System Busting
  Cleric Letter/English
  Translations of Cleric Letter
  AH Member Writings
  Candace
  Ron
  Rosie
  Jess
  Brian's Poetry
  James
  Giuseppe
  Esteban
  Telepathic Messages
  Candace
  Jess Anthony
  Vince
  Leonette
  John
  Adam
  Bela
  Joyce
  Hazel
  Kibo
  Peter
  Rosie
  Johan
  Lucia
  Lucia G
  Rubens
  Shellee-Kim
  Ben
  Dorothea
  Solon
  Others
  Targeted Messages
  Hano
  Light Flower
  Changing The Face Of Religion
  - Phoenix Journals - PDF in German
  Candace on Religion
  Other Spiritual Pieces
  Gems from God Like Productions
  Spiritual Nuggets by the Masters
  Phoenix Journals
  Phoenix Journals - PDF
  Telepathic Messages PDF books
  Selections from the Urantia Book
  Illustrations For The Urantia Book
  CMGSN Pieces
  THE WAVE
  Environment/Science
  David Crayford and the ITC
 
  Health and Nutrition
  Podcasts, Radio Shows, Video by AH
  Political Information
  True US History
  Human/Animal Rights
  The Miracle That Is Me
  Education
  Resources
  911 Material
  Books - eBooks
  government email/phone #'s
  Self Reliance
  Video
  Websites
  Alternative News Sources
  Art and Music
  Foreign Sites
  Health and Healing
  Human/Animal Rights
  Scientific
  Spiritual
  Vegan Recipes
  Translated Material
  Dutch
  Gekanaliseerde berichten Jess
  Gekanaliseerde berichten Candace
  Gekanaliseerde berichten Anderen
  Artikelen/berichten
  French
  Canal Jess
  Par Candace
  Other Channels
  Articles
  German
  Telepathische Nachrichten (Candace)
  Telepathische Nachrichten (Jess)
  Telepathische Nachrichten (div.)
  AH Mitgliederbeiträge (Candace)
  AH Mitgliederbeiträge (Jess)
  Spirituelle Schätze
  Italian
  Translations - Candace
  Translations - Jess
  Translations - Others
  Portuguese
  by Candace
  By Jess
  By Others
  Spanish
  Anfitriones Divinos
  Bitácoras Fénix
  Creadores-de-Alas (WingMakers/Lyricus)
  Escritos de Candace
  Escritos de Otros
  Monjoronsón
  Telemensajes de Candace
  Telemensajes de Jess Anthony
  Telemensajes de Otros
  Chinese
  By Candace
  By Jess
  By Others
  Korean Translations
  Hungarian Translations
  Swedish Translations

Search
[an error occurred while processing this directive]
Health and Nutrition Last Updated: May 6, 2021 - 3:22:41 AM


Pfizer’s Obscene $900m Profit From its Covid Vaccine In Just Three Months Proves Capitalism and Public Health Are Bad Bedfellows
By Bradley Blankenship
May 6, 2021 - 3:13:26 AM

Email this article
 Printer friendly page Share/Bookmark

https://www.rt.com/op-ed/522964-pfizer-profit-vaccine-covid/



Bradley Blankenship
is a Prague-based American journalist, columnist and political commentator. He has a syndicated column at CGTN and is a freelance reporter for international news agencies including Xinhua News Agency. Follow him on Twitter @BradBlank_

5 May, 2021 Get short URL

Pfizer's obscene $900m profit from its Covid vaccine in just three months proves capitalism and public health are bad bedfellows

FILE PHOTO: © Reuters / Dado Ruvic

Follow RT onRTThe US pharmaceutical giant cashing in on a pandemic that has killed 3.2m people while failing to help the world's poor is morally indefensible, and illustrates the corrupt nature of monopoly medicine.

As the New York Times reported, Pfizer generated hundreds of millions in profits in the first quarter of 2021, thanks to its successful Covid-19 vaccine. What's interesting about the company's success, however, is that its vaccine is one of just two widely used that are produced on a for-profit basis - and the only one whose manufacturer is not reliant on it to stay afloat. Pfizer's windfall this year is, in essence, a windfall for monopoly medicine.

Unlike its Western competitors Johnson & Johnson and AstraZeneca, Pfizer decided early to profit from its vaccine. That profit margin hasn't been disclosed, but it was predicted that this would be in the high 20% range. That means that, of the $3.5 billion brought in by the vaccine this quarter, about $900m is pre-tax profit.


READ MORE BioNTech/Pfizer to request approval for new Covid-19 shot that lasts up to 6 months at fridge temperatures

BioNTech/Pfizer to request approval for new Covid-19 shot that lasts up to 6 months at fridge temperatures

Unlike Moderna, a competitor that uses similar vaccine technology to Pfizer's, Pfizer is an extraordinarily profitable company already, making $9.6 billion in profits in 2020 before the vaccine had even had a serious impact. Moderna has no other products on the market, so turning a profit on its vaccine is crucial for its operation. Not so for Pfizer.

Pfizer sells its vaccine sales at different rates. The United States, for example, pays $19.50 for each dose, while Israel has reportedly paid $30.The reason all this is morally justifiable, Pfizer has said repeatedly, is that it was never part of the US government's Operation Warp Speed and therefore should be allowed to set its own prices.

However, this is deceptive. BioNTech, the company that actually developed the vaccine, after which Pfizer basically slapped its label on it, received a $455 million grant from the German government and got around $6 billion in purchase commitments from the US and EU. Not only that, but the Pfizer vaccine is based on mRNA technology patented by the National Institutes of Health that was funded by US taxpayers.

In a nutshell, Pfizer capitalized on a partnership with a then-obscure German biotech company that received German government grants to develop its vaccine based on US taxpayer-funded technology, and then received purchasing guarantees from rich governments that guaranteed billions of dollars in revenue. It managed to privatize all the profits while socializing all the risk in what was a textbook case of how corrupt Big Pharma is.

But the scope of this monumental corruption really shines through when you consider that this is a once-in-several-lifetimes public health emergency that has killed millions of people. Governments around the world promised a warlike response to the Covid-19 pandemic and yet it's mostly been just business as usual.

As I mentioned in my previous piece for RT on Bill Gates, global capitalism has reinforced itself through the pandemic, with Big Pharma being no exception. Intellectual property (IP) laws, which have only been defended in multilateral institutions such as the United Nations by rich countries, are demonstrably a barrier to getting vaccine doses out - and everyone knows it.

ALSO ON RT.COMBillionaires like Bill Gates won't save us from Covid, or fix fake news or the climate crisis. Because it's not in their interests

Even US President Joe Biden said on the campaign trail in 2020 that he would suspend IP rights to make vaccines more affordable around the globe.

"Absolutely, positively. This is the only humane thing in the world to do,Biden said. (I'm sure the fact that Pfizer was among the companies that handed over a maximum $1 million donation to Biden's inauguration had nothing to do with his about-face...)

But not only has IP been an issue, but even the general cost and logistics of transporting the Pfizer vaccine has proven a challenge for nations, especially poorer ones, that want to receive it. Yet, somehow, the Pfizer vaccine is emerging as the predominant Covid-19 vaccine shipped by Western countries, while lower-cost, less-intensive vaccines are being discredited.

Aside from the obvious fact that China's vaccines or Russia's Sputnik V are being refused for consideration, are being delayed for review by other countries, or are being conspiratorially attacked by Western media, there does seem to be some kind of bias in favor of Pfizer, even among Western vaccine-makers.

Consider that Oxford University published a study on April 15 showing that the risk of portal vein thrombosis (a blood clot in the liver) appears to be 30 times higher with the mRNA vaccines made by Moderna and Pfizer (that is, the two for-profit vaccines) than with AstraZeneca's. Consider also that the risk of cerebral vein thrombosis (a blood clot in the brain) appears to be quite similar with  both AstraZeneca (five in a million) and those mRNA vaccines (four in a million).

READ MORE US to share up to 60mn doses of AstraZeneca jab with other countries ‘when available,' White House says

US to share up to 60mn doses of AstraZeneca jab with other countries ‘when available,' White House says

So, while blood-clotting concerns have caused controversy and even the discontinuation of vaccines made by AstraZeneca and Johnson & Johnson, any mention of this from mRNA vaccines in the media has been pretty much nonexistent. That's quite strange.

Also, headlines trumpet all the time how highly effective Pfizer's vaccine is, placing huge importance on the percentage of its effectiveness without adding context. As the Vox YouTube channel masterfully explained in a video posted in March, it's extremely difficult to compare vaccines - especially as they're being tested in different parts and at different times.

Pfizer's chief executive promised to ensure that poorer countries "have the same access as the rest of the world" to its vaccine. But as of last month, wealthy nations had secured more than 87% of the more than 700 million doses of Covid-19 vaccines dispensed worldwide, while poorer countries had received only 0.2%, according to the World Health Organization.

Pfizer has pledged 40 million doses to Covax, the partnership aimed at supplying vaccines to poor countries. But, as the New York Times report points out, that's less than 2% of the 2.5 billion doses it aims to produce this year.

Now, none of this is to say that Pfizer's vaccine is not effective and you shouldn't take it. I received the Pfizer vaccine and will get my second dose on Friday. The best vaccine is the one you have access to. But the problem is that Pfizer's seems to be getting too much free exposure in the media, despite the fact it's expensive, difficult to transport, and held under IP protections, making it inaccessible to most people in the world right now.

Pfizer has successfully maneuvered our corrupt system to rake in record profits with virtually no risk at all. It's sad to say, but this happens all the time. However, right now, it's only artificially prolonging a once-in-a-century pandemic that, I think most of us can agree, is destroying our lives. Let Pfizer's success this year be a historic reminder of why capitalism and public health are totally incompatible.

RELATED

https://www.sott.net/article/452281-Pfizer-caught-engaging-in-illegal-marketing-practices-assessed-billions-in-criminal-convictions

Think your friends would be interested? Share this story!


The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of RT.

 




All writings by members of AbundantHope are copyrighted by
©2005-2021 AbundantHope - All rights reserved

Detailed explanation of AbundantHope's Copyrights are found here


Top of Page

Health and Nutrition
Latest Headlines
Political Satirist Takes Up the Fight Against Tyranny
As a GP In The NHS I Witnessed first-hand The Catastrophic Way Matt Hancock Failed The Old And Vulnerable in Care Homes
The Covid Vaccine and Depopulation; The Beginning of the Trail
Doctor Who Created COVID HCQ Protocol Calls Child Vaccine Mandates ‘crimes against humanity’
The Wages Of Socialized Medicine is Death...for babies
IT’S OFFICIAL – Official Data shows more people have died because of the Covid Vaccines in 6 months than people who have died of Covid-19 in 15 months
Biden Regime Caught Bribing Hospital Staff to Supply Positive Reviews For Covid Vaccines
Vaccine Euphoria
Celeb Plastic Surgeon Breaks Ranks, Says ‘breast implant illness’ is Real
Vaccine Hesitancy and Variants Mean Australia May Not Reach Covid Herd Immunity – researchers
How Mind Control is Derailing Your Life – And How to Reverse It
Too Fat To Fly: FAA Updates Guidelines As American Obesity Crisis Grows
400 Britons A Day Contract Coronavirus, Even After Two Jabs, Expert Says
9 More Australians Report Blood Clots After Receiving AstraZeneca Vaccine
‘Not a Huge Deal’ to Wear Masks Forever, Says ‘Communist Party’ Scientist Advising UK Govt
UK To Extend Lockdown One Month As Indian Variant Spooks Officials Into Vaccine Scramble
Medics Report Multiple Adverse Reactions in Forum
It is NOT a Conspiracy THEORY if They (Government) are Truly Trying to KILL YOU: PCR Swabs are Coated With Ethylene Oxide – A Known Deadly Carcinogen Which Can Change our DNA
CDC To Hold "Emergency Meeting" After 100s Suffer Heart Inflammation Following COVID Vaccines
O Canada, you've got medical Nazis; their stench is rising into the sky