After earning “modest” income for their Covid-19 vaccines, AstraZeneca just recently signed its first contract that will allow them to generate much greater profit margins.
The company, in association with Oxford University, has already supplied roughly 1.5 billion doses of their vaccines “at cost,” but expects [say] this price increase will create “modest profitability.”
‘It said consultations with medical experts suggest coronavirus will move into a epidemic phase in coming months with future outbreaks starting to become contained to specific countries,’ reports Evening Standard.
The drug company will continue to supply doses of their vaccine to low-income nations, but will also continue with a tiered pricing structure, selling to wealthier countries.
Be that is it may, profits are still expected to be lower than that of Pfizer or Moderna.
So far this year, total revenue for AstraZeneca has grown by roughly a third to $25.4 billion, with a 48% spike in sales during the past three months of $9.9 billion. The AstraZeneca CEO, Pascal Soriot, says this will keep the company on track to reach $40 billion in revenue by 2023.
Soriot said he does not regret initialing selling the vaccine at cost.
I don’t regret it at all. We are very proud of the impact we’ve had.
This is the second largest vaccine in the world in terms of volume, has saved millions of hospitalisations and a million lives. It’s been a huge contribution.
But we always said we would transition to commercial orders. It will never be high priced, it’s not something we see as a huge profit earner.
AstraZeneca finds itself with an enviable number of late stage pipeline candidates to fuel growth in the coming years. The crown jewel, its oncology franchise, goes from strength to strength.
Whilst AstraZeneca have historically sold their vaccine at cost, it appears the vaccine will transition to modest profitability serving as an additional earning tailwind in the coming quarters.
Sebastian Skeet, from Third Bridge – a European investment firm
AUTHOR COMMENTARY
Sounds like AstraZeneca is jealous of some of the other big pharma druglords, and they want to make as much money as they can – especially with nations already losing faith in them to deliver the vaccines, even if they were for just the costs.
But since Covid is now being labeled as “endemic” more and more, now the drug companies are rubbing their filthy mitts together, salivating at all the bags of cash they’ll be hauling in.
Since these death shots are all killers, the druggies need make as much money as they can before their customers really start to thin out.
Can’t let the “new normal” go to waste, now can they?
For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.
1 Timothy 6:10
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
The WinePress needs your support! If God has laid it on your heart to want to contribute, please prayerfully consider donating to this ministry. If you cannot gift a monetary donation, then please donate your fervent prayers to keep this ministry going! Thank you and may God bless you.
Okay here’s what’s going on with me. I just got told by my Dad that if I choose not to get the death shot, I won’t be allowed to attend family gatherings. I am still refusing the vaccine. Any who, there’s going to be more of these drug lords trying to sell the poison to the consumer directly very soon. I know that I am awake.
Luke 12:51 Suppose ye that I am come to give peace on earth? I tell you, Nay; but rather division:
Luke 12:52 For from henceforth there shall be five in one house divided, three against two, and two against three.
Luke 12:53 The father shall be divided against the son, and the son against the father; the mother against the daughter, and the daughter against the mother; the mother in law against her daughter in law, and the daughter in law against her mother in law.