Profiteering over covid jabs by big pharma

Pharmaceutical companies and their bosses and shareholders stand to make billions from covid vaccines, in one of the most spectacular examples yet of covid profiteering.

This is largely thanks to a double handout from their friends in governments: first heavily subsidising drug development; then letting them charge prices often way above costs.

Meanwhile, the poorest are left behind once again – as the governments uphold the companies’ intellectual property rights, preventing poorer countries from producing vaccines faster and cheaper.

Just how much money are the companies behind them going to make? How have they been supported by the public sector? And whose pockets will the money end up in?…

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