While Americans continue to die by the thousands it has been reported by Social Security Works that pharmaceutical companies are taking advantage of the Covid-19 pandemic to up their profits.
Executive director Alex Lawson stated in an article published in ” The Hill ” that taxpayer funds go into research for the development of drugs and vaccines. These companies then decide what these products will sell for after securing their patents. ” This is an industry that really is an innovator in profiteering “, Lawson continued.
Big Pharma seems to care more about making money as evidenced by the example of Gilead Science that recently requested ” orphan status ” for Coronavirus research which would have given them a seven year monopoly on development of anti-viral antidotes against this scourge. The Food and Drug administration turned down their request after a public outcry however.
Looking at massive profit potential in the face of this catastrophic event that mankind is suffering seems to me to be heartless and without compassion. But unfortunately this seems typical of these corporate giants.
- Lou Reinitz LJR Insurance Solutions LLC