Record profits while millions remain locked out of vaccines

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Hi John,
This week Pfizer announced profits so far this year of $7.7 billion, 133% more than it made last year.

And Moderna has made $7.3 billion in profit, after receiving over $10 billion of public funding for development and manufacture of its vaccine.


** Record Profits
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On the back of the current global emergency Pfizer and Moderna are busy selling their vaccines to rich countries, and extracting record profits. Far from being our saviours, pharmaceutical companies are doing what they do best – extracting profit from publicly funded R&D.

Please share the news widely to expose this injustice.
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And while their shareholders and CEOs are making a killing, less than 2% of all Pfizer jabs have been sold to the WHO sharing mechanism Covax. With booster jab orders continuing to roll in from rich countries, these companies care little for solving vaccine apartheid.

More people in the UK have had their booster doses than people in Africa have been vaccinated with the initial one. Rich nations have already bought most of the existing doses and pre-paid future orders too for their booster campaigns. Meanwhile, pharmaceutical companies are planning ahead for raising their prices – and profits – even further.

This is a moral outrage that shows governments and pharmaceutical companies have learnt little from past public health crises. Big pharma will not release their vaccine know-how voluntarily. We need governments to step in and make them. Greed cannot and will not solve this for us.


** Help us shame Pfizer and Moderna!
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We know governments, scientists and activists across the global south are mobilising to take action.

We know low-and middle-income countries are working together to try and use every available avenue to expand production and even reverse-engineer these vital medical resources.

We have the solutions; we just need the political will from rich countries to start protecting all lives over pharma profits. And together, we are building the movement and putting on the pressure!

Thank you for your support,

Alena Ivanova
Pharma campaigner at Global Justice Now

PS: If you haven't signed our petition, please add your name to call for a suspension of Covid vaccine patents ([link removed]) and spread the word.
** Help ensure Covid-19 vaccines are available to everyone, everywhere
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It’s vitally important that Covid-19 vaccine patents are suspended during the pandemic, and for big pharma to share their know-how globally, as the best way of ensuring there are enough vaccines for everyone everywhere.

Regular gifts give us the long-term stability to plan effective campaigns and the flexibility to respond to crises like these.

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