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      A demonstrator tapes protests signs to the Pfizer logo

      Pharma 'Myth' Debunked as Study Shows US Public Poured $32 Billion Into mRNA Vaccines

      "Pharmaceutical companies have sold a false narrative to the public; that it was their investment which gave us mRNA vaccines and that they deserve the $75 billion profit."

      Jake Johnson
      Mar 02, 2023

      Vaccine equity campaigners said Thursday that a new peer-reviewed study published in a major medical journal should put to rest the pharmaceutical industry's "false narrative" that its own investments were responsible for the rapid development of mRNA vaccines to fight the coronavirus pandemic.

      The study, published in The BMJ on Wednesday, estimates that the U.S. federal government has invested at least $31.9 billion in the development, production, and purchase of mRNA coronavirus vaccines—a finding that the People's Vaccine Alliance said undercuts pharmaceutical companies' attempts to take credit for the innovations that made the lifesaving shots possible.

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      Big Pharma

      Moderna's 'Deadly' Profits Show Public Funding Must Have Strings Attached

      Newswire Editor
      Feb 23, 2023

      "History will not be kind to Moderna, whose scandalous profits are a direct result of the company’s refusal to share vaccine technology with the global south, even when it was clear that global shortages would be deadly. Millions of people around the world are now grieving the loss of family members, many of whom were unable to get a Covid-19 vaccine.

      Moderna’s pandemic profiteering is even more shocking given that the US public-funded 100% of this vaccine’s development. Now the company is brazenly threatening to hike prices on its vaccine - but governments should refuse to be held to ransom. And well before the next pandemic, we must make sure that taxpayer money comes with conditions that put lives above profits."

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      Stephane Bancel, CEO of Moderna, speaks to the media

      Moderna's 2022 Windfall a 'Scandalous' Result of Pandemic Profiteering, Campaigners Say

      One advocate said Moderna's windfall was a "direct result of the company’s refusal to share vaccine technology with the Global South, even when it was clear that global shortages would be deadly."

      Jake Johnson
      Feb 23, 2023

      The Massachusetts-based pharmaceutical giant Moderna announced Thursday that it brought in over $19 billion in revenue and $8.4 billion in profits in 2022 thanks primarily to its Covid-19 vaccine, which was made possible by federal funding and government technology.

      "U.S. taxpayers and people all over the world should be furious," Maaza Seyoum, Global South convenor of the People's Vaccine Alliance, said in response to Moderna's earnings report. "It was built on decades of publicly funded research into mRNA vaccines. And it was developed in partnership with the U.S. National Institutes of Health. This should be the people's vaccine, available and affordable to everyone, everywhere, not a goldmine for Big Pharma."

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