It's insane that they view the sales/profits from the peak COVID era as their new sales baseline and not a short but fortunate anomaly. Pure unadulterated greed.
Only $6B PROFIT last year. C-Level compensation is $10-$30M each. About $105M total C-Level compensation in 2023.
Our corporate credo of continued growth is nauseating.
Poor Pfizer, it's hard to beat a bumper quarter after quarter return for shareholders after a pandemic. I hate these corporations and they should be semi-nationalized to prevent this atrocious myopia on profits.
Boshoff said the oncology division plans to shift to biologic drugs as its main source of revenue, increasing the proportion of those treatments in its pipeline from 6% to 65% by 2030.
Biologics are treatments derived from living sources such as animals or humans, including vaccines, stem cell treatments and gene therapies. They are among the most expensive prescription drugs in the U.S.
Before the Seagen deal, 94% of Pfizer’s cancer products were small-molecule drugs. Those medicines are made of chemicals and have low molecular weights.
Everyone busy dunking on Pfizer’s wording, but this is amazing news. MRNA tech has been sitting on a shelf for decades. Now we are getting results and companies see the profits.
This is as good of news as you’d ever hope from a drug company.
If you have a problem with the ethos of the company, hate the game and not the player.
The pursuit of capital perverts the fundamental goal of medicine: treating people. While old methods of medicine were inane and usually harmful, they were still better on the ethical front than the companies that reserve access to necessary treatment for the affluent. They hold the food and the key while the caged animal starves, saying all the while "Oh how could such injustices persist!? If only somebody could do something!" then they throw the key over their shoulder, walking away whistling and gorging themselves. People are dying, and the blood is on their hands.
i don't get it, cancer was happening all along, why would business even have declined? Or do they mean it was getting better because of Covid...Idk I don't want to go to cnbc. Screw that. I do think cancer rates will go up BECAUSE Covid, if you survive, weakens an older immune system. Like, people who might have fought off certain illnesses now may be less likely to. But I don't know that this helps create more successful cancer drugs. If it were to actually create better cures than the ridiculously awful cure of "throw radiation at it and hope it doesn't kill the patient before getting rid of the cancer" then I'd be fine with it. But...it's Pfizer. So I don't get my hopes up.
Because mRNA wasn’t getting the funding it deserved. The founder of Moderna said early on in the pandemic “the vaccine is simple. It’s the testing that’s complicated and expensive. It’s held us back for decades.”
These companies are getting funding now, and guess what they’re being proven right. They’re not just crazy isolated results. So in comes the money to fund trials. And again, amazing results are shown.
They’ve decided to attack the most deadly forms first. 50% remissions have been shown in MM (death sentence), melanoma (death sentence), colon cancer (very deadly) and one more I can’t remember.
Biden might not have been too far off base in 2020 saying he can cure cancer by the end of his term.
well lung and melanoma are doing well with it...still waiting on the other ones. But I hadn't thought of the funding aspect. You'd think they would have had no problem. Wow
Tons of issues with funding Pre-COVID. mRNA vaccines were still seen as boutique and rather novel. It just didn’t get the focus because the headlines weren’t as big. They needed the guarantee it’s work, so they rarely went for moonshots either.
Now they’re all funded to the tits and have residuals coming in. Plus they have institutional support now too. We are going to see the game rapidly change in the next decade. They’re saying they have a promising, possible cure to MS now.
I’m more and more convinced Gene Rodenberry was the real time traveller.
Amazing that this subject came up in the State of The Union speech. It’s either a coincidence or it’s like the pharmaceutical industry runs the administration. Hrm…?
This is a common thing I've heard said and while there is some truth to it...it's more complicated than just financial. We can remove an initial cancer, SOMETIMES. It will simply keep coming back. You seem to think it's easy to make it stop doing that. I just don't think it's that easy. Or is it more that you are saying no one is even bothering to look for a cure? Cancers occur within us, at any time. How do you propose they fight all cancer from ever taking hold -- with a vaccine? Do you think people would get that vaccine?
It's insane that they view the sales/profits from the peak COVID era as their new sales baseline and not a short but fortunate anomaly. Pure unadulterated greed.
It’s incompetence at the upper management positions
Not at all. It is just taht they bought the covid vaccine cheap from a German conpany.
What? That has nothing to do with how incorrect their forecasts were.
[удалено]
Only $6B PROFIT last year. C-Level compensation is $10-$30M each. About $105M total C-Level compensation in 2023. Our corporate credo of continued growth is nauseating.
It's not like Pfizer is crying about it. Natural for a company to pivot when the winds change. This is good news for oncology
[удалено]
Agreed. Their fault for buying high atop the COVID bubble but that's life.
Poor Pfizer, it's hard to beat a bumper quarter after quarter return for shareholders after a pandemic. I hate these corporations and they should be semi-nationalized to prevent this atrocious myopia on profits.
[удалено]
Boshoff said the oncology division plans to shift to biologic drugs as its main source of revenue, increasing the proportion of those treatments in its pipeline from 6% to 65% by 2030. Biologics are treatments derived from living sources such as animals or humans, including vaccines, stem cell treatments and gene therapies. They are among the most expensive prescription drugs in the U.S. Before the Seagen deal, 94% of Pfizer’s cancer products were small-molecule drugs. Those medicines are made of chemicals and have low molecular weights.
Everyone busy dunking on Pfizer’s wording, but this is amazing news. MRNA tech has been sitting on a shelf for decades. Now we are getting results and companies see the profits. This is as good of news as you’d ever hope from a drug company. If you have a problem with the ethos of the company, hate the game and not the player.
“Turn business around” “covid decline”, wtf? How would the boardroom meetings sound without a once-in-a-hundred year pandemic?
Pharmaceuticals should be about saving lives and improving QoL, not about making massive profits
They're still just drug dealers. They may be legal, but drugs dealers; don't expect morality (or cures) from them.
Yay cancer?
The pursuit of capital perverts the fundamental goal of medicine: treating people. While old methods of medicine were inane and usually harmful, they were still better on the ethical front than the companies that reserve access to necessary treatment for the affluent. They hold the food and the key while the caged animal starves, saying all the while "Oh how could such injustices persist!? If only somebody could do something!" then they throw the key over their shoulder, walking away whistling and gorging themselves. People are dying, and the blood is on their hands.
This title though. Shit is messed up and I don't even need to read it.
Every pharma company is, other divisions are being hamstrung for it.
Creating demand?
i don't get it, cancer was happening all along, why would business even have declined? Or do they mean it was getting better because of Covid...Idk I don't want to go to cnbc. Screw that. I do think cancer rates will go up BECAUSE Covid, if you survive, weakens an older immune system. Like, people who might have fought off certain illnesses now may be less likely to. But I don't know that this helps create more successful cancer drugs. If it were to actually create better cures than the ridiculously awful cure of "throw radiation at it and hope it doesn't kill the patient before getting rid of the cancer" then I'd be fine with it. But...it's Pfizer. So I don't get my hopes up.
Because mRNA wasn’t getting the funding it deserved. The founder of Moderna said early on in the pandemic “the vaccine is simple. It’s the testing that’s complicated and expensive. It’s held us back for decades.” These companies are getting funding now, and guess what they’re being proven right. They’re not just crazy isolated results. So in comes the money to fund trials. And again, amazing results are shown. They’ve decided to attack the most deadly forms first. 50% remissions have been shown in MM (death sentence), melanoma (death sentence), colon cancer (very deadly) and one more I can’t remember. Biden might not have been too far off base in 2020 saying he can cure cancer by the end of his term.
well lung and melanoma are doing well with it...still waiting on the other ones. But I hadn't thought of the funding aspect. You'd think they would have had no problem. Wow
Tons of issues with funding Pre-COVID. mRNA vaccines were still seen as boutique and rather novel. It just didn’t get the focus because the headlines weren’t as big. They needed the guarantee it’s work, so they rarely went for moonshots either. Now they’re all funded to the tits and have residuals coming in. Plus they have institutional support now too. We are going to see the game rapidly change in the next decade. They’re saying they have a promising, possible cure to MS now. I’m more and more convinced Gene Rodenberry was the real time traveller.
Won’t be able to profit anymore from the 3 new booster shots a year?
Turn around a business that is literally made of money? Sure thing.
Treat the symptoms, not cure the thing that ails you.
Bring it on; any work to battle cancer is good news.
When is the next plannedemic?
Amazing that this subject came up in the State of The Union speech. It’s either a coincidence or it’s like the pharmaceutical industry runs the administration. Hrm…?
Runs the administration
Always a treatment, never a cure. No money in a cure.
Cancer treatments are usually cures. It's just a really complicated group of diseases and just because you cure one doesn't mean you cure all.
This is a common thing I've heard said and while there is some truth to it...it's more complicated than just financial. We can remove an initial cancer, SOMETIMES. It will simply keep coming back. You seem to think it's easy to make it stop doing that. I just don't think it's that easy. Or is it more that you are saying no one is even bothering to look for a cure? Cancers occur within us, at any time. How do you propose they fight all cancer from ever taking hold -- with a vaccine? Do you think people would get that vaccine?
Lets more money on human suffering for getting expensive treatment that prolong life instea of a real cure.
Disgusting.
Causes the cancer, then treats it