In
a declaration made on 08 November, CEO Albert Bourla of Pfizer forecast that
this conglomerate (which is largely owned by multi-trillion dollar North
American hedge funds) will continue amassing huge profits from the manufacture
of Covid-19 vaccines for at least another ten years. He forecast that government contracts for
the supply of vaccines which can be distributed fairly and cheaply to the
public will soon cease following which the “shots” will be sold only to the
private healthcare market at a cost of at least USD100 per dose as opposed to
USD40 charged to governments. As each
dose costs less than USD2.00 to produce and the private services are largely
owned by the same private equity and hedge funds, it seems that private
patients and possibly their insurers will be the involuntary source of this
continuing wealth .
Even
with the relegation of the Covid-19 various varieties to the status of “a nasty
form of influenza” , national health services would be well advised to ensure
that vaccines are available from other sources to provide a continuation to the
existing almost free protection programmes
for the most vulnerable.
Of
course, Pfizer admits to having invested in an extensive and expensive research
programme to provide vaccines which will be effective in combating a whole new
range of respiratory diseases which are
on the immediate horizon as well as developments in the treatment of migraines
and diabetes. These new drugs will
largely be marketed to the private sector to bring anticipated annual profits
of at least USD 2 billion
The
expectations of Pfizer and, no doubt, those of its associates in Big Pharma may
strengthen the economic and healthcare
prospects of the wealthier citizens of
prosperous nations but must spread medical despondency to the
majority of the global population which is already preparing for the disasters
of climate change.