9 Vaccine Billionaires Arise Due To Covid-19

Posted by: Kyeyune Andrew Jonathan in World news May 20, 2021

A campaign group said on Thursday that at least 9 people have been helped by Covid-19 jabs to become billionaires. The group said this as they called for an end to pharmaceutical corporations’ ‘’monopoly control’’. They say these corporations control the technology related to the covid-19 vaccine.

‘’Between them, the nine new billionaires have a combined net wealth of $19.3 billion (15.8 billion euros). This is enough to fully vaccinate all people in low-income countries 1.3 times,’’ The People’s Vaccine Alliance said in a statement.

The People’s Vaccine Alliance is a network of organizations and activists campaigning for an end to property rights and patents for inoculations. The group also said the figures were based on the Forbes Rich List data.

Furthermore, they said these billionaires are the human faces of the huge profits pharmaceutical corporations are making.

These people were said to have been already rich. Now the vaccine rollout has made them even richer, according to the alliance.

Topping the list of new vaccine billionaires were the CEO of Moderna, Stephane Bancel, and his counterpart Ugur Sahin of BioNTech.

Three other new billionaires are co-founders of the Chinese vaccine company Cansino Biologics.

This research comes ahead of the G20 Global Health Summit that is happening on Friday. It has been a lightning rod for growing calls to temporarily remove intellectual property protections on the Cocid-19 vaccines.

The United States, as well as global influential figures like Pope Francis, back the idea of a global waiver on patent protections

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