this post was submitted on 21 Oct 2023
1999 points (97.4% liked)

Technology

59092 readers
6622 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[โ€“] Canuck@sh.itjust.works 0 points 1 year ago (1 children)

Pfizer spent $2 billion dollars in R&D just in 2021 on the drug. The US government & public agencies overall funded $35 million for help with clinical trials. I don't think it's intellectually honest to claim that the majority of R&D costs was directly paid by public grants and taxpayer funded research, which is money spent without the expectation of any produced product in hand.

The US government helped speed up the process, reducing R&D costs with the emergency use authorization, and had a contract of $5.3 billion to help buy tens of millions of doses for Americans. I suppose you could make the argument that some of that indirectly helped fund R&D, but then so does every other non-American customer when they pay for a product, which is how the system is supposed to work.

[โ€“] nickwitha_k@lemmy.sdf.org 1 points 1 year ago

Where exactly are you getting those numbers? They seem rather suspect. The first example that I was able to find, for example, put US government investment at $30 Billion on vaccines alone (https://www.kff.org/coronavirus-covid-19/issue-brief/how-much-could-covid-19-vaccines-cost-the-u-s-after-commercialization/#:~:text=The%20federal%20government%20has%20spent,charge%20to%20the%20U.S.%20population.)