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   Lisa Kalayji (lisakalayji@sfba.social)'s status on Friday, 26-Jan-2024 10:06:12 JST Lisa Kalayji

   Abolish capitalism, exhibit eleventy-million:

   "Moderna is quadrupling the cost of covid vaccines, from $26/dose to $110-130. Moderna CEO Stephane Bancel calls the price hike "consistent with the value" of the mRNA vaccines. Moderna's manufacturing costs are $2.85/dose, for a 4,460% markup on every dose...

   What will Moderna do with the billions it reaps through price-gouging? It won't be research. To date, the company has spent >20% of its covid windfall profits on stock buybacks and dividends, manipulating its stock price, with more to come...

   It's not an outlier. Big Pharma is a machine for commercializing publicly funded research and then laundering the profits with financial engineering. The largest pharma companies each spend more on stock buybacks than research."

   https://pluralistic.net/2023/01/25/nationalize-moderna/#herd-immunity

   #Pharma #BigPharma #Corruption #Medicine #Covid #Vaccines #Capitalism #Healthcare #HumanRights

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     Michał "rysiek" Woźniak · 🇺🇦 (rysiek@mstdn.social)'s status on Monday, 29-Jan-2024 04:57:55 JST Michał "rysiek" Woźniak · 🇺🇦

     • Tokyo Outsider (337ppm)

     @tokyo_0 @LisaKalayji how much public money, tax breaks, etc, did they get to fund that development?