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Sen. Elizabeth Warren (D-Mass. ) and Sen. -elect Peter Welch (D-Vt. ) this week sent a scathing letter to Pfizer CEO Albert Bourla about the company’s plan to increase the value of its COVID-19 vaccines by 400%. Next time. year enters the advertising market.
In October, Pfizer revealed plans to sell its COVID-19 vaccine between $110 and $130 next year. More recently, the U. S. government has been in the U. S. government. The U. S. Department of Health and Prevention paid about $30 per dose.
The expected value accumulating is higher than the $50 value some financial analysts expected Pfizer to establish in its access to the advertising market. That’s a whopping 10,000% increase over the estimated production rate of the vaccine.
Warren and Welch called Pfizer’s price hike “pure and fatal greed” and accused the company of “undue profits. “They noted that before Pfizer made billions in profits from the pandemic, it had federal support, adding to building its vaccine from pivotal studies conducted in the lab. The National Institutes of Health, in addition to receiving a $1. 95 billion early acquisition agreement through the government’s Warp Speed operation.
“Thanks to the billions of federal dollars used for the production and delivery of Pfizer’s vaccine product, Pfizer’s COVID-19 vaccine is lately available to patients in the United States,” the couple noted in their letter. According to CDC data, more than 400 million doses of Pfizer-BioNTech vaccines and boosters have been administered in the United States, most of the nearly 658 million doses administered in total. Overall, 80% of the U. S. population is in the U. S.
A model released Tuesday estimated that vaccine use between December 2020 and November 2022 stored 3 million American lives and prevented 18. 6 million hospitalizations and about 120 million infections. Without vaccines, the number of deaths from the pandemic would have been 4 times higher, he concluded.
“This is a historic public health achievement,” Warren and Welch wrote of the vaccines. “But that progress is now in jeopardy because of Pfizer’s greed. “, “creating fatal dangers as the pandemic continues to kill many more people per day in the United States. “are lazy
At a news event last month, Bourla criticized for saying the company’s COVID-19 vaccine would remain “free for all Americans” despite emerging charges because health insurance companies would cover vaccination, which would not incur any outlays. However, such increases in health care charges lead to higher insurance premiums, which are taken from workers’ wages. In addition, Bourla did not face the charge for the uninsured, who lately have little access to vaccines.
In an email to Ars, a Pfizer representative showed the company won the letter from Warren and Welch, but declined to comment as it works on its official response to senators.
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