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Say what? The global vaccine market was over 30 Billion dollars in 2018. This is the most lucrative pharma market because you are medicating the whole populatio

by apr 7y ago

Say what? The global vaccine market was over 30 Billion dollars in 2018. This is the most lucrative pharma market because you are medicating the whole population including healthy people, no other medication can top that. Not only that, but in the US the pharmaceuticals are shielded from liability for vaccines in stark contrast to any other medication type. How's that not a profit center?

URSpider94 7y ago
You are confusing revenue and profit. Vaccine companies historically don’t make much profit, especially when compared to pharmaceutical companies who make and sell drug compounds.
- apr 7y ago
  https://investors.merck.com/news/press-release-details/2019/Merck-Announces-Fourth-Quarter-and-Full-Year-2018-Financial-Results/default.aspx https://investors.merck.com/news/press-release-details/2019/... $6.2B income in 2018.
  - lkbm 7y ago
    Uh....you just responded to someone saying "most of the profits aren't from vaccinations" with the profit for an entire company that provides everything from cancer treatments to diabetes medications to also everything else. They did call out Gardasil as a major cause of the increase in profits from the previous year, but it wasn't 6.2B by any stretch of the imagination.
ghaff 7y ago
The whole reason the liability shield program exists is concerns that if pharma companies were exposed to lawsuits from the inevitable vaccination reactions that happen or are purported to happen, they'd just drop out of a low-profit market.
- apr 7y ago
  Don't you see certain hypocrisy in this? Aren't we told that vaccines are safe? The whole reason that the liability shield exists was a reaction to the DTP vaccine debacle. Which was eventually taken off the market in many countries including the US.
  - ghaff 7y ago
    Nothing is perfectly safe. To be clear, I'm not in favor of anyone being held down at gunpoint and administered a vaccine. I'm fine with at least some organizations, including schools, requiring participants to have been vaccinated or have medical exemptions.That preserves the ability to opt out if you are so concerned about the risks but implies certain trade-offs.

by apr 7y ago

URSpider94 7y ago

You are confusing revenue and profit. Vaccine companies historically don’t make much profit, especially when compared to pharmaceutical companies who make and sell drug compounds.

apr 7y ago
https://investors.merck.com/news/press-release-details/2019/Merck-Announces-Fourth-Quarter-and-Full-Year-2018-Financial-Results/default.aspx https://investors.merck.com/news/press-release-details/2019/... $6.2B income in 2018.
- lkbm 7y ago
  Uh....you just responded to someone saying "most of the profits aren't from vaccinations" with the profit for an entire company that provides everything from cancer treatments to diabetes medications to also everything else. They did call out Gardasil as a major cause of the increase in profits from the previous year, but it wasn't 6.2B by any stretch of the imagination.

ghaff 7y ago

The whole reason the liability shield program exists is concerns that if pharma companies were exposed to lawsuits from the inevitable vaccination reactions that happen or are purported to happen, they'd just drop out of a low-profit market.

apr 7y ago
Don't you see certain hypocrisy in this? Aren't we told that vaccines are safe? The whole reason that the liability shield exists was a reaction to the DTP vaccine debacle. Which was eventually taken off the market in many countries including the US.
- ghaff 7y ago
  Nothing is perfectly safe. To be clear, I'm not in favor of anyone being held down at gunpoint and administered a vaccine. I'm fine with at least some organizations, including schools, requiring participants to have been vaccinated or have medical exemptions.That preserves the ability to opt out if you are so concerned about the risks but implies certain trade-offs.