Pfizer, BioNTech and Moderna are making combined profits of more than $1,000 every second

pfizer biontech and moderna are making combined profits of more than 1000 every second

Sumary of Pfizer, BioNTech and Moderna are making combined profits of more than $1,000 every second:

  • The three companies responsible for developing and distributing the two most commonly used COVID-19 vaccines around the world are bringing in millions of dollars of profits every hour, a new analysis finds.
  • The People’s Vaccine Alliance (PVA), an international non-profit working to close the global vaccine disparity, analyzed the earnings reports of Pfizer, BioNTech and Moderna and found that the companies will make a combined $34 billion in profit this year.
  • The companies have received widespread criticism for valuing rich contracts with western nations and protection of its intellectual property (IP) instead of making the jabs accessible in the developing world.
  • Moderna, Pfizer and BioNTech are making a combined $93 million in profit every day due to their successful sales of the COVID-19 vaccines.
  • Critics say their strategies are leaving many developing nations behind.
  • Pictured: A vial of the Moderna COVID-19 vaccine’It is obscene that just a few companies are making millions of dollars in profit every single hour, while just two percent of people in low-income countries have been fully vaccinated against coronavirus,’ Maaza Seyoum of PVA Africa said in a statement.
  • ‘The Pfizer-BioNTech vaccine – a joint effort between the American and German company – and the Moderna jab are the most commonly used vaccines in the world.
  • Johnson and AstraZeneca vaccines, are sold around the world on a not-for-profit basis.

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