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.
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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. 1 comment
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@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