WASHINGTON, Nov 16 — Pfizer, BioNTech and Moderna are making combined profits of US$65,000 every minute from their highly successful Covid-19 vaccines while the world’s poorest countries remain largely unvaccinated, according to a new analysis.
“It is obscene that just a few companies are making millions of dollars in profit every single hour, while just two per cent of people in low-income countries have been fully vaccinated against coronavirus,” Maaza Seyoum of the African Alliance and People’s Vaccine Alliance Africa said. PVA said that despite receiving public funding of more than US$8 billion, Pfizer, BioNTech and Moderna have refused calls to transfer vaccine technology to producers in low- and middle-income countries via the World Health Organization, “a move that could increase global supply, drive down prices and save millions of lives.”
Source: News Formal (newsformal.com)
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