Thursday 19 May 2022 01:28 PM Leading vaccine manufacturers Moderna, Pfizer, BioNTech and AZ were fastest ... trends now
Covid vaccine manufacturers were the fastest growing pharmaceutical companies over the first three months of this year, data has revealed.
Moderna led the pack with its revenue surging 221 percent in a year to $6.1billion, followed by BioNTech where they ticked up 200 percent to $6.4 and Pfizer which recorded a 77 percent swell in revenue to $25.7.
AstraZeneca — which had its vaccine approved in other countries, but not the U.S. — saw the fourth biggest growth in revenue by 56 percent to $11.4.
Campaigners and charities accused the companies of 'shameless pandemic profiteering', and said it was 'appalling' that a small number of companies had made 'obscene amounts of money'.
About six in ten people globally have now received two doses, according to figures from OurWorldInData, although in Africa this drops to two in ten.
Plentiful vaccine supplies are now available worldwide, but officials in developing countries say many people are turning them down because they don't see the virus as a threat and are skeptical of the jabs.
The above graph shows the percentage change in revenues among the 23 biggest pharmaceutical companies
This shows the proportion of people that are double-jabbed in the world (green line) and the different continents. Africa lags behind with less than two in ten having got two vaccines
Maaza Seyoum, the global south convenor of the People's Vaccine Alliance — a campaign group calling for equitable access to Covid jabs worldwide — told DailyMail.com: 'Big pharma companies have grown their businesses through shameless pandemic profiteering.
'At the height of the crisis, they sold these lifesaving tools to the highest bidder while people were left to die in the global south.
'And they locked the technology behind a wall of intellectual property rules, refusing to share the recipes with the world.'
A spokesman for Oxfam — a global charity fighting
