Promising shareholders is more important than humanity

The public learned about the explosion of the price of the Pfizer vaccine, as well as about the new secret negotiations of the European Commission, these days, thanks to the Bulgarian Prime Minister Boyko Borisov
(illustration, Vaccine manufacturers will now decide for themselves when the pandemic ends, as they will then be able to increase prices)

The European Commission signed contracts for the purchase of 900 million Pfizer-BioNTech vaccines at a price of 19.50 euros per dose, while last autumn it paid 15.50 euros for the same vaccines.

The public learned about the explosion of the price of the Pfizer vaccine, as well as about the secret negotiations of the European Commission, these days thanks to the Bulgarian Prime Minister Boyko Borisov, whose statement was transmitted by the portal Euractiv Bulgaria.

Europe will pay more for the Pfizer vaccine than the United States: the American government negotiated the price of 16.50 euros (19.5 dollars).

Frank D’Amelio, Chief Financial Officer and Vice President of Pfizer

“Market forces” and vaccination

Reputable American independent portal The Intercept he reported in mid-March that they were Johnson&Johnson, Modern i Pfizer discreetly announced the price increase because they promised it to their shareholders.

The portal reported that the financial directors of the Pfizer laboratory spoke at a conference organized by large banks, such as Barklays, for example.

On that occasion, they explained to investors that the infection would become endemic. This means that, unlike the pandemic, which is general and planetary, the endemic infection with kovid 19 will exist in limited areas, but that it will be “installed” in the long run. We will have to live with it and get vaccinated against it regularly due to the appearance of new variants of the virus.

Frank D’Amelio, the financial director and vice president of Pfizer, emphasized that it was obvious that the prices so far had not been determined by “normal market circumstances”, which he also called “normal market forces”. “It was the governments’ need to supply vaccines that dictated prices.”

“We believe that normal market powers will be re-established. “Factors such as efficiency, the capacity to strengthen immunity will become even more important, and we see a great opportunity in that when it comes to increasing the demand for our vaccine and when it comes to our prices,” said D’Amelio.

In translation, additional (re) vaccinations – primarily due to immunization against variants – open the prospect of colossal earnings in the period after the end of the pandemic.

vaccine-earnings

BioNTech / Pfizer: is estimated at $ 4 billion in profit, after sales of $ 15 billion. Pfizer says it already has orders for vaccines worth at least $ 15 billion, priced at about $ 19. Modern: estimated profit of $ 8 billion (!), after sales of $ 18.4 billion. Moderna says it is on track to produce at least 700 million pre-ordered vaccines in 2021. Modern sting is the most expensive, between $ 25 and $ 37 per injection. Okford / AstraZeneca: unknown profit, after projected sales of $ 6.4 billion in 2021. It is being sold at the lowest price (for now), and they promised to produce at no cost “during the pandemic”. One contract seen by the Financial Times suggests they could raise prices at any time from July

The reputation of the pharmaceutical industry

The transition from the pandemic phase to the endemic infection phase is very important for vaccine manufacturers who have undertaken to sell at a low price for the duration of the pandemic, and not at the one dictated by market demand. The reason for this, according to some interpretations, is the desire of pharmaceutical groups to preserve their reputation – not to turn out to have profited from the disaster that befell humanity.

Fulfilling this obligation to curb the price of the vaccine – of course no one guarantees – it was taken voluntarily.

And that’s not all – the portal reveals The Intercept: These (private) pharmaceutical companies have given themselves the right to determine the end of the pandemic, which will be the moment when prices will be able to jump.

It is interesting who the “impatient shareholders” of the Pfizer group are.

These are primarily large American investment funds as well Vanguard and Black Rock, which many call the “master of the world.”

According to some “observers” quoted by the website of the Belgian Radio-Television, vaccines against kovid could become the most profitable drugs in the world. Pfizer’s profit is estimated at 4 billion dollars.

It is now clear why pharmaceutical groups oppose the initiative to make covid vaccines19 the common good of mankind. Not only are these initiatives out of the question, but Pfizer and other vaccine manufacturers will no longer refrain from raising prices under the laws of the market as for any commodity.

Between humanity and the stock market – of course they will choose the stock market.


Source: Balkan Magazin – Aktuelnosti by www.balkanmagazin.net.

*The article has been translated based on the content of Balkan Magazin – Aktuelnosti by www.balkanmagazin.net. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!