June 19, 2021

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Coronavirus vaccine profits make nine people around the world billionaires

Moderna Covid-19 Vaccine

A social movement organization said on Thursday that at least nine people around the world became billionaires with the profits from the coronavirus vaccine. As a result, the organization called for the end of “monopoly control” by pharmaceutical companies over vaccine technology.

Agence France-Presse reported that the People’s Vaccine Alliance said in a statement on Wednesday (19th): “The total net wealth of these nine new billionaires is US$19.3 billion, which is enough. Vaccine 1.3 times for all people in low-income countries.”

The People’s Vaccine Alliance is a network of organizations and activists dedicated to ending the property rights and patents of vaccines. The alliance said that the information it obtained was based on data from the Forbes Rich List.

Anna-Marriott, the head of Oxfam, a charity organization that is part of the alliance, said, “In fact, these billionaires make huge profits through the monopoly of these vaccines by pharmaceutical companies.”

The alliance said that, in addition to the new billionaires, the widespread introduction of vaccines has also increased the total wealth of eight existing billionaires by $32.2 billion.

At the top of the list of new vaccine billionaires are Stephane Bancel, CEO of Modena, and Ugur Sahin, CEO, and co-founder of BioNTech. The other three new billionaires are the co-founders of the Chinese vaccine company Cansino Bio.

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