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> I want the companies and investors in the pharmaceuticals that have made these to become fabulously wealthy They were already fabulously wealthy. Moderna alo
by neolog 5y ago
> I want the companies and investors in the pharmaceuticals that have made these to become fabulously wealthy
They were already fabulously wealthy. Moderna alone had $232 million revenue last year.
- RcouF1uZ4gsC 5y ago> Moderna alone had $232 million revenue last year. That is nowhere near fabulously wealthy, especially as it is revenue and not profit.
- refurb 5y agoNet loss was $747 million for the year ended December 31, 2020 compared to $514 million for the year ended December 31, 2019. https://investors.modernatx.com/news-releases/news-release-details/moderna-reports-fourth-quarter-and-fiscal-year-2020-financial\ https://investors.modernatx.com/news-releases/news-release-d...
- neolog 5y agoImagine being so rich you can lose a billion dollars under normal operation.
- refurb 5y agoYou know how I know you don’t understand how R&D works?
- deleted 5y ago[deleted]
- neolog 5y agoFair enough, for Moderna. Though my argument works better for J&J's numbers [1] with >$10B net income most years. [1] https://www.macrotrends.net/stocks/charts/JNJ/johnson-johnson/net-income https://www.macrotrends.net/stocks/charts/JNJ/johnson-johnso...