Pfizer says it will price Covid treatment Paxlovid at nearly $1,400 for a five-day course, which researchers estimate only costs Pfizer $13 to produce. That's a 10,000%+ markup. Shameful.
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Pfizer says it will price Covid treatment Paxlovid at nearly $1,400 for a five-day course, which researchers estimate only costs Pfizer $13 to produce.
That's a 10,000%+ markup. Shameful.
They're interested in a safe and effective vaccine, because that will prove their technology and increase their stock value.
You should have paid better attention in Economics, Biology and Chemistry. Or (hopefully) you're still in school and haven't taken those classes yet. Unfortunately, most of the conspiracy nutcases are adults, which I assume you are.
Wait, is "head of huge business is primarily concerned with profits, not with public well-being" a conspiracy theory or standard operating practice under capitalism?
It's an oversimplified way to describe an operating practice under capitalism. Every publicly traded company is required to deliver the most profit to their shareholders, and they can get sued if shareholders don't think the company is doing that. However, there are multiple philosophies on how to get the most profit, so the evilness of a company is on a spectrum.
Private companies are also beholden to their shareholders, but not exclusively for profit. Some may want to make huge sums of money by any means necessary. Others might want to invest in sustainable and ethical companies. Others might not care about profit at all.