Home / news / J&J and Abbott announce potential coronavirus vaccine and rapid test. World’s largest healthcare group also promised “the vaccine would be sold on a “not-for-profit” basis during the pandemic”

J&J and Abbott announce potential coronavirus vaccine and rapid test. World’s largest healthcare group also promised “the vaccine would be sold on a “not-for-profit” basis during the pandemic”

J&J and Abbott announce potential coronavirus vaccine and rapid test. World’s largest healthcare group also promised “the vaccine would be sold on a “not-for-profit” basis during the pandemic”

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10 comments

  1. “a potential vaccine that could be available early next year”

  2. My beef: we knew these high kill rate coronaviruses have been around for a while (MERS, SARS). Why didn’t we develop something then? Surely there was forethought during each one of these that they would target a vaccination towards that class of viruses.

  3. Not for profit during the pandemic? How’s about like never? Like the polio vaccine.

  4. Please notice the specific words they use:

    > the vaccine would be sold on a “not-for-profit” during the pandemic”

    One really needs to pay attention to the specific words that are used.

    * What definition are they using for “pandemic”? Their own? The one used by the WHO? The one used by the CDC?

    > “during the pandemic”

    When does the pandemic end? Is it defined by their own definition? The one used by the WHO? The one used by the CDC? Or other?

    Notice they state “not-for-profit”

    That does not mean they are willingly donating their vaccine, only that they it will not be “for-proft”. How will they define “profit”? I suspect that during the time they sell the vaccine “not-for-profit” they will not segregate their other business costs, or losses, during that time. That they will mitigate losses in other aspects of their business to offset the cost of the vaccine. Meaning they will charge more than what it costs to produce the vaccine and pass their other losses into the cost of the vaccine.

    And before people start slamming me for being pessimistic… remember… these are proft driven companies with share-holders. The company is legally bound to create a profit for their shareholders.

    Always notice the words these companies use and be very critical of exactly what they say.

  5. “But dont worry about the free during the pandemic effecting our stock holders pockets. We fully intend, nah, *PROMISE* After the pandemic, we will price our vaccine to recoup all lost monies from giving it out for free within the first six months. Because if theres anyone you should be able to trust to put profit before people, its the pharmaceutical conglomerates.”

  6. Bill Gates will have vaccines with microchips in them

  7. 450$ million dollar contract from the U.S. taxpayers. And itll be SOLD not for profit? How about free for everyone? HOW IS EVERYONE IN AMERICA OK WITH THIS

  8. If the product is free, you ARE the product.

  9. So as soon as the super brainy, scientifically literate and all knowing President Trump while on “Fox and Friends” or Hannity’s show announces that the pandemic is over the price will skyrocket.

  10. Big pharma, no thanks! i’ll stay healthy on my own!

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