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October 22, 2021

U.S. Voters

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Big Pharma Makes BILLIONS From Exclusive Vaccine Access

1 min read

Exclusive rights to COVID vaccines have made pharma’s wealthiest dozens of billions of dollars richer. John Iadarola and Bridget Todd break it down on The Damage Report.

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Read more here: https://truthout.org/articles/big-pharmas-shareholder-payouts-are-enough-to-fund-vaccines-for-all-of-africa/

"Pfizer, Johnson & Johnson, and AstraZeneca — three of the world’s top coronavirus vaccine manufacturers — have paid out a combined $26 billion in dividends and stock buybacks to their shareholders over the past year, a sum that could fully fund the cost of inoculating Africa’s entire 1.3 billion-person population.

That’s according to an analysis released Thursday morning by the People’s Vaccine Alliance, a coalition of advocacy organizations campaigning to end massive inequities in the distribution of life-saving coronavirus vaccines."

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