Moderna CEO: 400% price hike on Covid vaccine “consistent with the value”
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Re: Moderna CEO: 400% price hike on Covid vaccine “consistent with the value”
#2This is why vaccine development and pharmaceuticals in general should be a public good, owned by the public sector, priced as a public good.
Re: Moderna CEO: 400% price hike on Covid vaccine “consistent with the value”
#3This is why vaccine development and pharmaceuticals in general should be a public good, owned by the public sector, priced as a public good.
This will greatly decrease R+D spending on disruptive new pharmaceutical drugs.
The Covid vaccines were developed and deployed by private industry.
Re: Moderna CEO: 400% price hike on Covid vaccine “consistent with the value”
#4This is why vaccine development and pharmaceuticals in general should be a public good, owned by the public sector, priced as a public good.
This will greatly decrease R+D spending on disruptive new pharmaceutical drugs. The Covid vaccines were developed and deployed by private industry.
Oxford/AstraZeneca Covid vaccine research ‘was 97% publicly funded’ - https://www.theguardian.com/science/2021/apr/15/oxfordastraz...
It would be nice to see a similar analysis for Moderna's vaccine, but of course the companies like to keep their cards close to their chest.
Re: Moderna CEO: 400% price hike on Covid vaccine “consistent with the value”
#5I wonder what Dolly Parton thinks?
Re: Moderna CEO: 400% price hike on Covid vaccine “consistent with the value”
#6This is why vaccine development and pharmaceuticals in general should be a public good, owned by the public sector, priced as a public good.
When was the last time USPS wowed you with their innovations and speed?
Re: Moderna CEO: 400% price hike on Covid vaccine “consistent with the value”
#7Earlier quoted context omitted.
This will greatly decrease R+D spending on disruptive new pharmaceutical drugs. The Covid vaccines were developed and deployed by private industry.
Oxford/AstraZeneca Covid vaccine research ‘was 97% publicly funded’ - https://www.theguardian.com/science/2021/apr/15/oxfordastraz... It would be nice to see a similar analysis for Moderna's vaccine, but of course the companies like to keep their cards close to their chest.
There's a difference between funding research and funding development and manufacturing. No company would develop and manufacture a drug if they wouldn't make profit of it, no matter how much related research was or wasn't done using public funding.
Re: Moderna CEO: 400% price hike on Covid vaccine “consistent with the value”
#8Everyone acts like all these wonders arise from private innovation. They discount the decades of public investment that brought us to the point that a company could develop a specific mRNA vaccine. From the public roads and public education to the trillions spent over the past 50 years to bring computer and bio technologies to their current point, it’s public investment that makes it all possible.
Our capitalist system works by private investors capturing most of the value of public investment. The dreaded Chomsky points out that the US socializes the risk and privatizes the profit.
But, here I am, talking trash about pirates in a barroom on the Barbary Coast! Let me stop before I lose a limb…
Re: Moderna CEO: 400% price hike on Covid vaccine “consistent with the value”
#9This is why vaccine development and pharmaceuticals in general should be a public good, owned by the public sector, priced as a public good.
This will greatly decrease R+D spending on disruptive new pharmaceutical drugs. The Covid vaccines were developed and deployed by private industry.
Somehow, I doubt a bunch of incredibly motivated pharmaceutical researchers are going to be turned out into the streets, and stop doing research because a bunch of yield farmers don't have an instant IWIN moneyprinter anymore.
Re: Moderna CEO: 400% price hike on Covid vaccine “consistent with the value”
#10This is why vaccine development and pharmaceuticals in general should be a public good, owned by the public sector, priced as a public good.
When was the last time USPS wowed you with their innovations and speed?
USPS seemed fine before the last administration's Postmaster General took power and started systemic obstruction. I had cheap and easy priority mail access for whatever I needed and it went anywhere in the US within about 3 days. First Class Letters almost always arrived in the stated window. There were improvements to visibility with a daily email announcing what would be arriving for the day. Since DeJoy took over, I rarely use USPS for personal package sending because I cannot trust that the packages will arrive in the stated time period. I pay roughly 1.5x to 2x with USPS Priority costs for other services, but I don't worry that my mail will simply disappear into the void.