Latest Coronavirus - Yikes

#81,352
#81,352
MarcoVol said:
Never said it wasn’t important?

Not sure why you’re getting so torn up that I correctly pointed that Pfizer did not accept money from the gov’t for development.
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I'm just stating facts. I don't think it's terribly significant to separate development from distribution. By linking it to distribution, you're seeing to it they can't get the money unless they produce. That makes perfect sense
 
#81,355
#81,355
Sea Ray said:
I'm just stating facts. I don't think it's terribly significant to separate development from distribution. By linking it to distribution, you're seeing to it they can't get the money unless they produce. That makes perfect sense
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Yes but my point was Pfizer spent their own money, I believe $1.5b to develop the vaccine. If they fail to develop an adequate and effective vaccine, they’re out $1.5b.

Every other pharma company took money. So they had zero risk. Pfizer has 1.5b risks. They were not in contract with Operation Warp Speed.
 
#81,359
#81,359
MarcoVol said:
Yes but my point was Pfizer spent their own money, I believe $1.5b to develop the vaccine. If they fail to develop an adequate and effective vaccine, they’re out $1.5b.

Every other pharma company took money. So they had zero risk. Pfizer has 1.5b risks. They were not in contract with Operation Warp Speed.
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This was my argument a couple months ago when people were claiming a vaccine couldn’t safely be developed under Trump and with Operation Warp Speed. Why would a company develop it on its own and not ensure it was safe and effective? It is actually a brilliant play, un-encumbered development without political influence, followed by significant compensation for distribution. They all should’ve done it that way.
 
#81,360
#81,360
newyorkvol said:
This was my argument a couple months ago when people were claiming a vaccine couldn’t safely be developed under Trump and with Operation Warp Speed. Why would a company develop it on its own and not ensure it was safe and effective? It is actually a brilliant play, un-encumbered development without political influence, followed by significant compensation for distribution. They all should’ve done it that way.
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It still has to pass safety protocols and testing.

But I agree it’s the right play being able to develop workout government influence.
 
#81,363
#81,363
golfballs said:
Do you understand how businesses operate? This argument of yours makes 0 sense
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Do you understand how Operation Warp Speed works?

Government gave every company money for development. Pfizer was the only one to turn it down.

Of course they’ll get money for distribution. They also took a big risk using their own money for development. Risks that no other pharma company took because they all received money for development.

That’s a key difference.
 
#81,365
#81,365
MarcoVol said:
Do you understand how Operation Warp Speed works?

Government gave every company money for development. Pfizer was the only one to turn it down.

Of course they’ll get money for distribution. They also took a big risk using their own money for development. Risks that no other pharma company took because they all received money for development.

That’s a key difference.
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Yes warp speed is to help expedite the development and deployment of the vaccine, which Pfizer literally could not have delivered in this time frame without. There wasn’t enough time to get trials complete in time. As for the $ - they got $2B from the federal government. What do you think companies do with money they make?
 
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#81,366
#81,366
golfballs said:
Yes. That’s what the article is. And the details on their announcement.
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just get it on the market so all this nonsense can end - idgaf who gets credit or blame just end this crap now people are fed up - sure there will still be sheep but they never had much of a life anyway
 
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#81,370
#81,370
golfballs said:
Yes warp speed is to help expedite the development and deployment of the vaccine, which Pfizer literally could not have delivered in this time frame without. There wasn’t enough time to get trials complete in time. As for the $ - they got $2B from the federal government. What do you think companies do with money they make?
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They don’t get the money unless they develop an efficacious vaccine.

Under the arrangement, the federal government would obtain that first batch for $1.95 billion, or about $20 a dose, with the rights to acquire up to 500 million more, or 600 million total. Americans would receive the vaccine for free. Before it could be distributed, it would need emergency approval by the Food and Drug Administration. But the U.S. government does not pay the nearly $2 billion until the drug is approved and the first 100 million doses are delivered.
 
#81,372
#81,372
golfballs said:
Yes warp speed is to help expedite the development and deployment of the vaccine, which Pfizer literally could not have delivered in this time frame without. There wasn’t enough time to get trials complete in time. As for the $ - they got $2B from the federal government. What do you think companies do with money they make?
Click to expand...

I don't know what's so difficult to grasp here
 
#81,373
#81,373
MarcoVol said:
They don’t get the money unless they develop an efficacious vaccine.

Under the arrangement, the federal government would obtain that first batch for $1.95 billion, or about $20 a dose, with the rights to acquire up to 500 million more, or 600 million total. Americans would receive the vaccine for free. Before it could be distributed, it would need emergency approval by the Food and Drug Administration. But the U.S. government does not pay the nearly $2 billion until the drug is approved and the first 100 million doses are delivered.
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As it should be. No participation trophies. You gotta produce
 
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