Pfizer 3.5bn

[Kiujunn]

Revenue last quarter from vax 3.5 bn

Profit 900m

Expected to be "durable"

[internationalism]

that already well covered their investment, as I remember below 1bln.

now clean money for years to come, with mass production some 3.5bln per year.

they do expect booster sometimes after 6 months, so around 4 shots over a year

[cclub75]

Well no need to be shy... about "durable".

 

The CEO was very clear during the phone conference tuesday.

 

Here is the link to transcript :

 

https://news.alphastreet.com/pfizer-inc-pfe-q1-2021-earnings-call-transcript/

 

He reveals that :

-Israel has made a deal for procurement... for 2022.

 

-even better : Canada has made a deal until... 2024. ????

 

"We have also reached an agreement with Canada to supply up to 125 million doses in ’22 and ’23, with options to supply up to 60 million additional doses in 2024."

 

Last but not least : Pfizer is working... on a vaccine using its mRNA technology against... the flu !

????

Yes, the goold old flu, you know the one that has been totally eradicated by...  Covid....

 

So Covid and flu... Pfizer sees far away....

 

Billions and billions of doses.

 

And dollars.

 

Bon appétit.

Edited May 5, 2021 by cclub75

[friendofthai]

This is unbelievable. People in USA and UK are proud to pay an enormously huge price (3.5 bln) of their taxes and cash in order to get vaccinated.
OK, guys, and what if you have to pay 200$/jab and Pfizer earns 200bln? You will be more happy or not?

[JTXR]

They took a risk by investing a lot in a completely new vaccine technology, and they produced a highly effective product in record time.  They're a business that responded to very strong market demand through innovation and technical competence.  Seems to me they will have earned whatever profit they make.

[rabas]

7 hours ago, friendofthai said:

This is unbelievable. People in USA and UK are proud to pay an enormously huge price (3.5 bln) of their taxes and cash in order to get vaccinated.
OK, guys, and what if you have to pay 200$/jab and Pfizer earns 200bln? You will be more happy or not?

 

It works!

 

Besides, Western freedoms allow companies to compete to lower prices and make better products. Then China can copy.

 

[Sheryl]

13 minutes ago, JTXR said:

They took a risk by investing a lot in a completely new vaccine technology, and they produced a highly effective product in record time.  They're a business that responded to very strong market demand through innovation and technical competence.  Seems to me they will have earned whatever profit they make.

And they are being deprived of the patent (rightly so, but still - that has financial consequences).

 

BTW Pfizer is a huge company and its profits are hardly limited to COVID vaccine.

[Kiujunn]

2 hours ago, Sheryl said:

And they are being deprived of the patent (rightly so, but still - that has financial consequences).

 

BTW Pfizer is a huge company and its profits are hardly limited to COVID vaccine.

The patents are mostly European,  the invention was basically German (BioNTech). That's why the US  felt patent protection not necessary, and the EU disagreed.

Moderna is an American company which also developed mRNA vaccines. I haven't heard much about their patents from Ms Tai.

[AndyFoxy]

Once Ive got 400 points on SoFi I get a 1 share in Pfizer 

[Susco]

3 hours ago, JTXR said:

They took a risk by investing a lot in a completely new vaccine technology

 

Shouldn't this post be in the " worst joke ever " section?

 

The mRNA technology exists for about 3 decades, and in that time Pfizer alone must have made HUNDREDS of billion USD profit, not just revenue.

 

Big Pharma belong to the category of biggest legal criminal on this planet

[rabas]

18 minutes ago, Susco said:

The mRNA technology exists for about 3 decades, and in that time Pfizer alone must have made HUNDREDS of billion USD profit, not just revenue.

 

Big Pharma belong to the category of biggest legal criminal on this planet

 

But unfortunately, it didn't work.

 

Then a really bright Hungarian woman, Katalin Karikó, worked many long years to solve technical stability problems so that it could be used as a vaccine in humans. She worked with an immunologist from Penn State in the US, and I believe they are the primary patent holders. 

 

But like a lot of business, they didn't have billions to spend on research to make it into a product, that's where giant Pfizer, an American company founded by a German, comes in.  The rest is history.

 

It's a good example how modern technology evolves as many bright people make contributions along the way and eventfully share in the profits for their hard work. 

 

[vinci]

that is why the US has all the talent and result

[Susco]

21 minutes ago, rabas said:

 

But unfortunately, it didn't work.

 

Then a really bright Hungarian woman, Katalin Karikó, worked many long years to solve technical stability problems so that it could be used as a vaccine in humans. She worked with an immunologist from Penn State in the US, and I believe they are the primary patent holders. 

 

But like a lot of business, they didn't have billions to spend on research to make it into a product, that's where giant Pfizer, an American company founded by a German, comes in.  The rest is history.

 

It's a good example how modern technology evolves as many bright people make contributions along the way and eventfully share in the profits for their hard work. 

 

 

Yes I wasn't aware of that, so did some research after your post, and found this, which I think is worth reading.

 

https://www.statnews.com/2020/11/10/the-story-of-mrna-how-a-once-dismissed-idea-became-a-leading-technology-in-the-covid-vaccine-race/

[cmarshall]

6 hours ago, Kiujunn said:

The patents are mostly European,  the invention was basically German (BioNTech). That's why the US  felt patent protection not necessary, and the EU disagreed.

Moderna is an American company which also developed mRNA vaccines. I haven't heard much about their patents from Ms Tai.

 

That's right.  Pfizer didn't develop the vaccine.  They just do the manufacturing.  BioNTech which did the development received $400 million from the German government.  So, the patent should belong to Germany, not Pfizer and not BioNTech.

[AndyFoxy]

Thanks Pfizer Biontech. Feeling good after my second jab.