One advocate said Moderna’s windfall was a “direct result of the company’s refusal to share vaccine technology with the Global South, even when it was clear that global shortages would be deadly.” The Massachusetts-based pharmaceutical giant Moderna announced Thursday that it brought in over $19 billion in revenue and $8.4 billion in profits in 2022 […]
“If anyone should be suing big pharma,” said one campaigner, “it’s the millions who have needlessly lost loved ones to Covid-19 while Moderna and Pfizer sold doses to the highest bidder.” Public health experts and advocates alike on Friday condemned pharmaceutical company Moderna for its lawsuit against Pfizer over over Covid-19 vaccine technology patents, saying that if anyone […]
“In the Covid-19 pandemic, world leaders have allowed pharmaceutical companies to place extraordinary profits ahead of saving lives,” lamented one campaigner As Moderna reported higher-than-expected revenue driven entirely by sales of its publicly funded Covid-19 vaccine, health equity campaigners on Wednesday renewed calls for pharmaceutical companies to waive patent protections in order to share their lifesaving […]
“We take on the risk. They take away the profits,” said one vaccine equity advocate. The Massachusetts-based pharmaceutical giant Moderna disclosed in a financial filing this week that it received another $300 million in U.S. government funding for coronavirus vaccine development in March even as the company hoarded its technology from the world—and attempted to undermine a critical […]