Geoff Hsu a Biotech Growth fund manager says he isn’t banking on pharma companies making big profits from “emergency COVID-19 vaccines” and expects them to be priced “reasonably” because he believes “companies genuinely want to do the right thing”.
AstraZeneca promised “not to profit from a COVID-19 vaccine during the pandemic,” and others alleged to forgo profits, though Pfizer CEO intends to profit along with Moderna who’ve never before marketed any product.
AstraZeneca, by November 2021, within 9 month start to reap profits, from COVID-19 vaccines. By May 2021, “COVID vaccine profits minted 9 pharma billionaires.”
At this time the WHO estimate 150 COVID-19 vaccines and 200 treatments currently in development.