Ozymandeas
Veteran
Freakonimics had a great podcast on this about "The ethics of pricing a vaccine" where they talked to the leading manufactures of the potential vaccine candidates.
And all of them were basically up front in saying, "We hate making vaccines. You only take them once in a life time or once in a very long time and you dont need to take them again. Its a huge investment for us but not enough longtime customers. Honestly if we think about it, we should charge waaaaaay more for vaccines. How much would you pay to never catch corona? Thousands? Millions? We have already lost trillions in the global economy so we should base the price on need..
But of course we would never do that"
and i'm sitting there like....
Its a good listen, you'll be intrigued and saddened at the same time.
Will a Covid-19 Vaccine Change the Future of Medical Research? (Ep. 430) - Freakonomics
They’re just fukking greedy. It cost between $900 million to $3 billion to develop a new drug depending on who you ask. Chronic diseases like cancer, corona, aids, etc. That is something EVERYONE on Earth would pay for. You sell that sh*t between $10 to $100, maybe $200 depending on the country and you made $70 billion to $700 billion. How is that not good business
Even if half the world or a tenth of the world buys it you still talking potentially multiple tens of billions. It’s enough to turn a profit. You just not gonna be Jeff Bezos but honestly you shouldn’t be making life saving drugs to get filthy rich.
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Breakthrough?
Unless I'm in dire straits, I'm gonna wait it out. Plus Q3 is one full year from now, and that's under the assumption most people are going to take a rushed vaccine -- they won't. Most people don't even trust the Trump administration, so good luck getting most people to get vaccinated on top of that.
