Making Billions Of Dollars From The Pandemic “For Years To Come”
Francesco Abbruzzino, The Uncensored Report, LLC
Is it ethical for companies to make billions of dollars in profits from the worst public health crisis that this generation has experienced so far? I think that this is a question that more people should be asking. Governments around the world are shelling out enormous mountains of money to fight this pandemic, and if much of that money ends up lining the pockets of people that are already exceedingly wealthy, that is something that a lot of people are going to have a big problem with. On Tuesday, we learned that Pfizer brought in 3.5 billion dollars from selling COVID vaccines during the first quarter of this year, and it is estimated that about 900 million dollars in profits were made on that revenue…
The vaccine brought in $3.5 billion in revenue in the first three months of this year, nearly a quarter of its total revenue, Pfizer reported. The vaccine was, far and away, Pfizer’s biggest source of revenue.
The company did not disclose the profits it derived from the vaccine, but it reiterated its previous prediction that its profit margins on the vaccine would be in the high 20 percent range. That would translate into roughly $900 million in pretax vaccine profits in the first quarter.
That is one huge pile of money, but that is just the tip of the iceberg.
For the year, Pfizer is projecting that it will bring in 26 billion dollars in revenue from selling COVID vaccines, and they are hoping to turn it into “a long-term business”…
Pfizer Inc. laid out a plan to turn its Covid-19 vaccine into a long-term business, clinching supply agreements that will yield $26 billion in sales this year while expanding the shot to children and developing new formulations that can combat variants and be stored more easily.
But the American people were always told that the plan was for the vaccines to end the pandemic.
Now they are telling us that selling COVID vaccines will be a “long-term business”?