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For Immediate Release

Contact

Joe Karp-Sawey, media manager
Tel: +44 (0)7711 875 345
Email:
joe.karpsawey@globaljustice.org.uk

Press Release

Pfizer Accused of 'Making a Killing' While Denying Vaccines to Most of World

WASHINGTON -

Reacting to the announcement that US pharma giant Pfizer has raised its 2021 coronavirus vaccine revenue projections to $36 billion, Nick Dearden, director of Global Justice Now, said:

“Pfizer is now sitting on the most lucrative medicine ever produced, but while the corporation’s shareholders are making a killing, most of the world has been locked out of this vaccine as Pfizer has aggressively pursued profits ahead of saving lives.

“Just 1% of Pfizer’s supplies have been sold to the international distribution mechanism Covax, as the company has put sales of third and fourth doses in wealthy markets ahead of selling doses to where they’re most needed. This will undoubtedly prolong the pandemic.

“Worse, these profits aren’t enough for Pfizer: the corporation is determined to prevent anyone else from making its vaccine so it can monopolise this technology for years to come. Right from the start Pfizer has tried to discredit the World Health Organization’s attempts to share vaccine know-how. These profits will come at the expense of many many lives around the world."

###

Global Justice Now is a democratic social justice organisation working as part of a global movement to challenge the powerful and create a more just and equal world. We mobilise people in the UK for change, and act in solidarity with those fighting injustice, particularly in the global south.

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