COVID-19 Pandemic: Transmissions, Deaths, Treatments, Vaccines, Interventions and More...
- Thread starter Richie O
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There is developing a vaccine. And then there is making 100 million doses of said vaccine.
Majority of peeps want the virus to go on so they can collect their unemployment check and potential $600 bonus. Sheet...they make more money sitting at home than actually contributing to society.
Posting to a mod in plain sight to delete stupid, off-topic posts (including my own) is not "running to a mod." Whining in private to a mod to ban people is "running to a mod." Big difference, especially when the goal is to preserve the thread not to "get rid" of people.
Did you just read @T2Kplus10 post. He just said it was exactly for that. And I agree. That was my point back then and today. They will develop a vaccine, take government funds and sell it for a profit.
Isn't that what all the others were paid for too. WTF is the difference in any company taking $ from the federal government. Nothing. They are all the same.
says the guy who has reported more people on the board than anyone else. lol.
You can keep repeating this over and over again, but nobody agrees with you. The program you are referring to is the government paying to help companies develop a vaccine. The Pfizer deal is an order to sell the vaccine if it gets approved. If the vaccine fails, they get no money and has to eat all of the cost.
#facts
Texas. According to reports some of these deaths are from June, so sounds like the numbers reported will keep going up for a while.
how about just let the thread return to normal without calling any mods in..seems to make the most sense, but you wanted to get in your last comments and then call the mod...pretty poor behavior. We are all adults here..why are you bothering Richie with stuff that gets posted here. I will never understand why there are so many Karens on the board that just cannot post their thoughts, argue the points and move on.
The thread will be fine, Im done making my point and so were you.
Hope there is a follow up study done over here ASAP. Any existing drug that shows promise needs to be jumped on.
Not sure how T2K can call you out for this. If there were an app that auto-reported every post specific posters made, he would have invented it.
Selling stuff to the gov't is different then taking gov't money for R&D.
And how bout that link to Pfizer profiting $1 billion on this deal?
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So was Moderns deal. It's to ramp up and sell. No different with Pfizer. They need to bring together 30k people to get this done according to the CEO.
You just said today. This very afternoon you said that they could lose up to $1billion. No your are saying it's $2billion?
As you know, I'd rather have the CE board outlet and light moderation on this thread, but it's Richie's board and business and he wants it CE-content-free, which is absolutely his right. He also asked me to let him know if the thread was getting out of control when we talked, off-line, about trying to keep this thread going, which he saw great value in and is why he locked the last one and started this one with his warning post to try to keep it on track. For awhile, people were doing ok, but for the past week or so, it's been pretty bad and I get the desire to keep it from becoming a pissing match, which just chases many posters away.
How about a link to the Moderna deal saying they hadn't devolped a vaccine they believed in already? Their deal is to sell as well.
Ask @T2Kplus10 for the source. He is the one who said it and reported it again today.
It’s the same usual people who bring nothing to the table and just troll or try to spin news that they think is too negative. A few bans should go out no doubt.
Nope just money to develop. Not contingent on an actual product.
https://www.fiercebiotech.com/biote...483m-to-shepherd-covid-19-vaccine-to-approval
Pfizer deal is a sale of an actual approved vaccine. If no approval, Pfizer loses $1billion(give or take). No such risk for Moderna.
Agreed - very skeptical, although Iran does actually have a decent health care system, with a pretty high ratio of doctors to people and many people in the region actually travel to Iran for health care better than they can get at home (granted, these are not countries with great systems) and they do have an American and Canadian listed on their paper. It's at least plausible enough to want to try to duplicate the results.
So now you are using the $1billion dollar development cost. Link??? Again if approved they make a $1billion dollar profit on the first 100 million vaccines they "sell" Small profit my ass!
So you are saying Moderna just gets $485 million for development vs Pfizers $2billion. So let's say that Moderna gets first approval they can sell to China and not the US if they please. As there is no agreement to sell? Today's deal with Pfizer eliminates a billion dollar loss for them. You are the most gullible idiot I have ever seen
They great news today is that the price of the first drug approved has been set. 2X cost of development, approval and production. Which by Pharma standards is reasonable.
https://www.forbes.com/sites/nathan...-deliver-a-vaccine-by-this-fall/#325cbfe8382e
" Bourla says Pfizer is willing to spend $1 billion in 2020 to develop and manufacture the vaccine before they know if it will work:"
Moderna's is not continget on the development of an actual product. It's free money to spur development.
Pfizer's deal is a sale contingent upon approval of an actual product. If there is no approval there is no deal, and for Pfizer there is a loss.
So you already knew the answer. Clown. Ask me all day for a link and you already knew the number because it was posted on here in early July when the CEO spoke publicly in an effort to get federal funds.
No, they are an expense item and separately reported as an R&D Expense line item (below COGS and before SGA) on 10ks.
No I googled it, so no need for the insults.
Now it is an old link, that may have been before their agreement with Biontech. So I'd certainly like to know more details of the deal. From all angles.
@WhiteBus There's a clear difference between the Moderna and Pfizer "deals". I think you understand that and it's been posted a bunch of times so I won't elaborate on that.
If you're arguing "I told you so" that they'd commercialize the vaccines, well, I agree and don't know who would argue that. The $2B is nothing more than a preorder to secure supply before everyone else. And as you said, it's incredibly modest in terms of price per dose (esp. compared to a $4k remdesivir treatment regimen).
Lastly, there is zero question PFE will spend well over $1B in pursuit of the vaccines approval. I can say that confidently, and, that figure will exclude a good portion of the costs to produce commercial doses at risk (accounting wise, and this is a grey area, it'd be a liability and future inventory item on the balance sheet which results in expense when doses are sold or written down if trials fail).
If you're arguing "I told you so" that they'd commercialize the vaccines, well, I agree and don't know who would argue that. The $2B is nothing more than a preorder to secure supply before everyone else. And as you said, it's incredibly modest in terms of price per dose (esp. compared to a $4k remdesivir treatment regimen).
Lastly, there is zero question PFE will spend well over $1B in pursuit of the vaccines approval. I can say that confidently, and, that figure will exclude a good portion of the costs to produce commercial doses at risk (accounting wise, and this is a grey area, it'd be a liability and future inventory item on the balance sheet which results in expense when doses are sold or written down if trials fail).
Astonished the leronlimab guy isn't here for this, even though not much to see in their reports of modest adverse event advantages on the safety part of their phase II trial - efficacy data still to come.
https://www.cytodyn.com/investors/n...te---impressive-results-from-cytodyns-phase-2
https://www.cytodyn.com/investors/n...te---impressive-results-from-cytodyns-phase-2
I guess the one good thing is that new infections have sort of leveled off. Big question is can we get the whole country to drop down like the NE did? Keep in mind it took NJ almost a full month to break out of our plateau and that was with a very strict lockdown.
I don't think you're understanding. PFE is spending $1bn for r&d, trials, and production, even if the vaccine isn't approved. If it isn't approved, they eat the $1bn. What's not clear in the articles I've read is if the $1bn in sunk costs covers the entire 100m doses that the government has preordered, or if there will be more production needed to fill that order.
Go
Go back to the early July thread. 2nd or 3rd when the news of the CEO talking made news. I'm pretty sure you were part of it. I doubt you didn't see it. If you were not posting that day or two my bad but i would be surprised if you weren't a part of the conversation. Anyway, I've been very consistent. The Pharma companies have and are going to make big dollars on this even if they don't get approved. The ones that do have every right too make big dollars. Pfizer isn't above that. They are not a charity or non profit. Others disagree. Foolishly.
C'mon. You don't think for a second that after 3 weeks negotiating with the government that Pfizer isn't protected?? Seriously??
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