Should covid-19 vaccines and drugs be “not for profit”? - News Summed Up

Should covid-19 vaccines and drugs be “not for profit”?


Yet governments maintained the same system, leaving three vital decisions in the hands of drug companies: production, distribution, and price. This allows companies to maximise their profit by supplying countries that could pay the highest price while ignoring poorer ones. The situation presented by covid-19 vaccines dismantles this approach and instead calls for a system of manufacturing and distribution of tests, medicines, and vaccines at affordable prices. Global actions are needed to expand manufacturing sites to ensure universal access to vaccines, medicines, and tests. A profit based system for vaccines and other countermeasures results in price escalation rather than maximising production to ensure access for all.


Source: Forbes March 30, 2022 22:52 UTC



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