COVID-19 vaccines have spawned 9 new billionaires: Campaign group

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PARIS: Profits from COVID-19 jabs have helped at least nine people become billionaires, a campaign group said on Thursday (May 20), calling for an ...

Profits from COVID-19 jabs have created at least nine new billionaires, a campaign group says. PARIS: Profits from COVID-19 jabs have helped at least nine people become billionaires, a campaign group said on Thursday , calling for an end to pharmaceutical corporations'"monopoly control" on vaccine technology.

In addition to the new mega-rich, eight existing billionaires have seen their combined wealth increase by US$32.2 billion thanks to the vaccine roll-out, the alliance said. Proponents say doing so would boost production in developing countries and address the dramatic inequity in access.The United States, as well as influential figures like Pope Francis, back the idea of a global waiver on patent protections.

 

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