The Bottom Is About to Fall Out for Pfizer and Moderna

Pfizer and Moderna’s record-breaking pandemic profits are about to come to an end as the Biden administration no longer plans to purchase COVID-19 vaccines for public distribution.

Until now, the federal government has been responsible for purchasing COVID-19 vaccines and distributing them to Americans at no charge. However, the Biden administration has said that the upcoming batch of recently approved, Omicron-specific doses will be the last to be purchased on the government’s dime.

In a new financial filing, Moderna discloses receiving another $300M from the U.S. government in March 2022 for vaccine development.

Excluding dose purchases and NIH contributions, public support for mRNA-1273 R&D now stands at a staggering $1.7 billion dollars (!). pic.twitter.com/vyT3KZkAkj

— Zain Rizvi (@zainrizvi) May 5, 2022

There is likely to still be some demand from the private sector for COVID-19 vaccines, but it won’t be nearly as high as it was when the government was buying. Vaccine uptake has been on a steady decline since April, and is currently at its lowest point of the pandemic, with more than 223 million Americans having already been fully vaccinated. (Read more from “The Bottom Is About to Fall Out for Pfizer and Moderna” HERE)

Delete Facebook, Delete Twitter, Follow Restoring Liberty and Joe Miller at gab HERE.