ANALYSIS
LONDON, May 25, 2021 (LifeSiteNews) – Topping the list of new billionaires on Forbes’ list are the CEOs of COVID vaccine makers Moderna and BioNTech, the partner of Pfizer’s vaccine.
Moderna’s executives Stéphane Bancel and BioNTech’s Ugur Sahin each have wealth of at least $4 billion. They join two of Moderna’s billionaire founding investors and the company’s chair, as well as the CEO of a company with a deal to manufacture and package the Moderna vaccine, according to an analysis by the People’s Vaccine Alliance, a group that includes Oxfam, UNAIDS, Global Justice Now, and Amnesty International.
Three other new vaccine billionaires are co-founders of the Chinese vaccine company CanSino Biologics, bringing the total to nine new coronavirus vaccine billionaires to join eight older COVID-19 vaccine billionaires.
‘Human face’ of ‘monopoly’ profits
“This is despite the fact the vast majority of funding for the Moderna vaccine was paid for by taxpayers,” said the activists’ report, which added that vaccine pharmaceutical corporations now have “monopoly control… over the supply and price of vaccines, pushing up their profits while making it harder for poor countries… to secure the stocks they need.”
The wealth of the corporate CEOs is in stark contrast
The remainder of this article is available in its entirety at LifeSite News
The views expressed in this news alert by the author do not directly represent that of The Official Street Preachers or its editors
