2019
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. (mastodon.world)
submitted 2 years ago by to c/technology@lemmy.world
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[–] -5 points 2 years ago (2 children)

The government promised to purchase massive quantities of Pfizer manufactured it to guarantee a market, they didn't directly fund R&D.

https://www.mainepublic.org/npr-news/2022-02-01/feds-contract-with-pfizer-for-paxlovid-has-some-surprises

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  • [–] 15 points 2 years ago* (1 child)

    The government promised to purchase massive quantities of Pfizer manufactured it to guarantee a market, they didn’t directly fund R&D.

    I've heard government grants were involved?

    Either way, guaranteed funds is still one hell of a profit motive to do the R&D and produce the medicine.

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