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Pfizer sees ‘opportunity’ to hike price for COVID-19 vaccine, CFO says

JacksinPA

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Pfizer is looking to turn its lucrative coronavirus vaccine into an even bigger cash cow.

The drugmaker sees a “significant opportunity” to charge more for the groundbreaking shot once it gets to the other side of the COVID-19 pandemic, one top executive says.

Pfizer set the current prices for the vaccine it developed with its German partner, BioNTech, based on the need for governments to secure doses and get the virus under control, according to chief financial officer Frank D’Amelio.

For instance, Pfizer is charging the US government $19.50 per dose — well below the $150 or $175 per dose it typically pulls in for a vaccine, D’Amelio said on the company’s February earnings call.
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We are talking huge amounts of money, pure profit for Pfizer once the pandemic is under control.
 

Pfizer is looking to turn its lucrative coronavirus vaccine into an even bigger cash cow.

The drugmaker sees a “significant opportunity” to charge more for the groundbreaking shot once it gets to the other side of the COVID-19 pandemic, one top executive says.

Pfizer set the current prices for the vaccine it developed with its German partner, BioNTech, based on the need for governments to secure doses and get the virus under control, according to chief financial officer Frank D’Amelio.

For instance, Pfizer is charging the US government $19.50 per dose — well below the $150 or $175 per dose it typically pulls in for a vaccine, D’Amelio said on the company’s February earnings call.
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We are talking huge amounts of money, pure profit for Pfizer once the pandemic is under control.

Time to nationalise them...
 

Pfizer is looking to turn its lucrative coronavirus vaccine into an even bigger cash cow.

The drugmaker sees a “significant opportunity” to charge more for the groundbreaking shot once it gets to the other side of the COVID-19 pandemic, one top executive says.

Pfizer set the current prices for the vaccine it developed with its German partner, BioNTech, based on the need for governments to secure doses and get the virus under control, according to chief financial officer Frank D’Amelio.

For instance, Pfizer is charging the US government $19.50 per dose — well below the $150 or $175 per dose it typically pulls in for a vaccine, D’Amelio said on the company’s February earnings call.
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We are talking huge amounts of money, pure profit for Pfizer once the pandemic is under control.

To crank the price up to the point of maximum profit for minimum expense is what Mr. Trump would call "Smart Business Practice".
 
Was anyone that stupid that they could not see that coming ?

Next trick will be the further discoveries of more virulent mutations . Leading to regular and different injection protocols . Suggestions leading to attempted mandatory / enforced tyranny .

All absolute garbage based on any known past research of viruses in general and the Corona family of viruses specifically .

And there are morons who think that type of scenario is CT .

The Russian vaccine is the best in value for money terms -- substantially cheaper than the muck offered by the Poison Giants .
 
Was anyone that stupid that they could not see that coming ?

Next trick will be the further discoveries of more virulent mutations . Leading to regular and different injection protocols . Suggestions leading to attempted mandatory / enforced tyranny .

All absolute garbage based on any known past research of viruses in general and the Corona family of viruses specifically .

And there are morons who think that type of scenario is CT .

The Russian vaccine is the best in value for money terms -- substantially cheaper than the muck offered by the Poison Giants .

I have never put a person on [IGNORE] when they had made less that 1,000 posts previously.

Congratulations, you have just set a new record.
 
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