Embed Notice

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