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littlebigfred

@rbreich "but the vaccine only costs $2.85 to make."

But they spent a bit of money on R&D to come up with the vaccine.

It takes a second to cut with a scalpel, but twelve years to become a surgeon

15 Jan 2023 at 18:21 | Wall-to-wall | Open on mastodon.social
6 comments
Doga
littlebigfred

@doga @rbreich General remark.

If it was public money, I agree the company should make a "reasonable" profit, but not more.

I'm not holding my breath.

15 Jan 2023 at 19:44 | Open on mastodon.social
Roy Brander

@littlebigfred @rbreich

Reich didn't say they made $19B gross; he said they made $19B *profit* ... that's after you subtract the development cost.

The pure research cost was donated to Moderna by the government, in effect.

15 Jan 2023 at 18:44 | Open on urbanists.social
Murray

@RoyBrander
Is $19B the profit from worldwide sales? If so, how many people worldwide have been vaccinated using Spikevax? There are 8Bn people on the planet. If just 1Bn have received at least 2 shots that would give you a profit of $9.5 per person vaccinated. More people having more than 2 courses would reduce that still further.
Whether profit should be made on medicine is another argument altogether.
@littlebigfred @rbreich

15 Jan 2023 at 21:06 | Open on fosstodon.org
LadyUnicornEJG

@littlebigfred @rbreich they got about 10 billion from the US government already, much of which to cover that R&D.

15 Jan 2023 at 19:14 | Open on toot.io
Bernard Marx

@littlebigfred @rbreich We tax payers funded a huge portion of the R&D.

15 Jan 2023 at 20:59 | Open on friends.ravergram.club
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