Pfizer plans to sell its Covid vaccine at a 10k% markup
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Re: Pfizer plans to sell its Covid vaccine at a 10k% markup
#2Covid vaccines are a great revenue stream.
Re: Pfizer plans to sell its Covid vaccine at a 10k% markup
#3No post body was provided.
Re: Pfizer plans to sell its Covid vaccine at a 10k% markup
#4No post body was provided.
Re: Pfizer plans to sell its Covid vaccine at a 10k% markup
#5> Pfizer also says it is the company’s expectation that most privately insured patients will continue not to face out-of-pocket costs for the vaccine [...]
So if you're not directly paying it, it is fine? Because _someone_ has to pay for the insurance.
Re: Pfizer plans to sell its Covid vaccine at a 10k% markup
#6To ask a naive question:
What is it about the flu & covid that require annual boosters? Is it just the prevalence of it creating different variants at a higher rate than other viruses?
Is there a reason beyond cash incentive?
Re: Pfizer plans to sell its Covid vaccine at a 10k% markup
#7They mention a production cost of $1.20 per vial, but I imagine this only involves the actual production and not what the initial R&D has cost, so the figure of 10,000% is probably largely exaggerated.
10,000% also sounds a lot worst than "$130 per vial for a production cost of $1.20".
I don't find the price shocking.
Re: Pfizer plans to sell its Covid vaccine at a 10k% markup
#8To ask a naive question: What is it about the flu & covid that require annual boosters? Is it just the prevalence of it creating different variants at a higher rate than other viruses? Is there a reason beyond cash incentive?
> Is it just the prevalence of it creating different variants at a higher rate than other viruses?
Yes. Mutation is also driven partly by infection rates, so a virus that mutates slowly and infects 1 billion people is going to produce dangerous new strains more rapidly than a virus that mutates quickly and infects 100 people.
> Is there a reason beyond cash incentive?
Yes. Flu vaccines targeted at emerging strains are much, much more effective.
"This year's" flu vaccine is never 100% effective on any strain (which is true of all vaccines), but there's a huge difference between a vaccine that's 80% effective for the majority of flu infections vs. a vaccine that's 20% effective.
Re: Pfizer plans to sell its Covid vaccine at a 10k% markup
#9I wonder if that production cost covers the initial R&D costs
Re: Pfizer plans to sell its Covid vaccine at a 10k% markup
#10They mention a production cost of $1.20 per vial, but I imagine this only involves the actual production and not what the initial R&D has cost, so the figure of 10,000% is probably largely exaggerated. 10,000% also sounds a lot worst than "$130 per vial for a production cost of $1.20". I don't find the price shocking.
It seems they might also be covering costs for when a vial gets opened for a shot or two and then has to be thrown away after being above freezing for too long.