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Michael Krewson

The U.S. enters a pact with Pfizer for 100 million doses of a COVID-19 vaccine which Americans will receive for free

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https://www.bloomberg.com/news/articles/2020-07-22/pfizer-biontech-receive-u-s-order-for-covid-vaccine?utm_campaign=socialflow-organic&utm_medium=social&utm_content=business&utm_source=twitter&cmpid=socialflow-twitter-business

In signing a $2 billion deal to supply their experimental coronavirus vaccine to the U.S., Pfizer Inc.and BioNTech SE are setting a price ceiling of less than $20 a dose that will impact how much other companies can charge to protect people from Covid-19.

Interestingly, the CEO went into this saying that this wouldn’t be a profitable endeavor, but they’re pushing forward anyway.

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Remember that COVID is mostly killing off people with chronic health conditions. If the average COVID patient is losing 10 years of their life, that means they left behind 10 years worth of unused medications. Big Pharma has already lost 140,000 customers forever in just a few months.

It's in a pharma company's best interest to keep future patients from contracting COVID so they can spend another 10+ years buying medications to treat their cancer, diabetes, hypertension, lung/heart disease, etc., as well as pills for erectile dysfunction and other unrelated conditions.

Plus, COVID will be with us forever, so they'll be able to make plenty of money once they develop better treatments for it, as well as new drugs to treat the chronic lifetime conditions that millions of infected people are going to have to live with.

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