Sunak was a co-founder of hedge fund Theleme partners which he left when he went into politics in 2013. His share of the fund was put into a blind trust.
By November 2022 Theleme held shares in Moderna worth over US$710 million.
Moderna's deal with the UK govt to manufacture covid vaccines, worth £1.6 billon was signed by Sunak
In the US Moderna wants to increase the price of a covid vaccine to around US$130. Apparently in 2020 the price was US£20 and last summer was more than $US26. These figures are taken from analysis by the non profit making Kaiser Family Foundation.
There are new variants of covid and the UK govt are enabling people over 65 and younger people in certain vulnerable groups to have them for nothing. The rest will have to pay.
I read recently, but cannot remember where, that the cost of making the vaccine in the UK was around £18 per dose and it was sold for around £20 per dose. The same article said that Sunak thought the price should be £80 per dose. Very generous considering that the £ equivalent of the US$ price is £102.
In both the UK and US, pharma companies were given large grants to develop a vaccine so should they now benefit financially from research partly funded by us?
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Covid vaccine to be restrictd to over 65s. The price of the vaccine to increase an estimated 5 times.
(25 Posts)If the money is ploughed back into research projects and laboratory facilities I haven’t got a problem.
Profit should not be a dirty word
Can you please provide a link to where Covid vaccines are available to anyone in the UK who is prepared to pay? That's certainly not what I've read, and would be willing to pay to have one if I don't otherwise qualify.
The real problem is that given the cost of living (and assuming that it will be held out for sale - which it isn’t at the moment) then those feeling the pinch will be hard pushed to buy a jab. Flu jabs can be purchased for much less and those wishing to avoid being off sick can purchase a flu jab each year, but the covid jab will be much more expensive and out of reach of many less well paid people who are the most likely to be on zero rated contracts etc with all that implies.
Said on the BBC website that covid cases are rising and there have been outbreaks in care homes. But we still can’t book an appointment for our booster and Boots have been given no information as to whether or not they will be offering covid jabs alongside the flu one this year. Anyone would think the government are trying to pretend covid doesn’t exist, just as they did at the start of the pandemic. Or am I being cynical ?
Both DH and I had a text message from GP surgery on the 1st of September inviting us to book flu and Covid booster on the same day.
I declined the option of having both at the same time, and was told that was the only option and that I couldn’t book two separate slots
I have made an appointment at GP’s for Covid booster at the end of September and an appointment at our local Boots Pharmacy for flu jab mid October.
Our GP isn’t doing covid jabs at all. DH phoned them up a few days ago and the answerphone message just said there are no available appointments today. I can’t believe the level of service we now get ( or don’t get). When I worked there we provided such a caring service: how can things have changed so much in ten years?
Covid vacination has been brought forward the most vunerable from 11th September and others from the 18th September so I certainly don't think the government are ignoring it.
Not sure if I will get one as not 65 until January next year but flu vacination already offered and booked so may well get offered Covid. Not in to much of a hurry had my last vacination last December so annually seems perfectly acceptable
BeverleyJB
Can you please provide a link to where Covid vaccines are available to anyone in the UK who is prepared to pay? That's certainly not what I've read, and would be willing to pay to have one if I don't otherwise qualify.
It has not yet been announced.
Both my husband and I have received text messages from our local health centre, regarding flu and covid vaccinations.
We are now booked in for both later this month.
Dinahmo
BeverleyJB
Can you please provide a link to where Covid vaccines are available to anyone in the UK who is prepared to pay? That's certainly not what I've read, and would be willing to pay to have one if I don't otherwise qualify.
It has not yet been announced.
I read in the guardian that there are no plans for it to be offered privately yet, but that might change I suppose.
GrannyGravy13
If the money is ploughed back into research projects and laboratory facilities I haven’t got a problem.
Profit should not be a dirty word
Profit may not be a dirty word, GG13 but excess profit is not on.
Especially when the state has funded some of the research and equipment. That is really cheeky....
MaizieD
GrannyGravy13
If the money is ploughed back into research projects and laboratory facilities I haven’t got a problem.
Profit should not be a dirty wordProfit may not be a dirty word, GG13 but excess profit is not on.
Especially when the state has funded some of the research and equipment. That is really cheeky....
I assume taxes will be paid on any profit?
GrannyGravy13
MaizieD
GrannyGravy13
If the money is ploughed back into research projects and laboratory facilities I haven’t got a problem.
Profit should not be a dirty wordProfit may not be a dirty word, GG13 but excess profit is not on.
Especially when the state has funded some of the research and equipment. That is really cheeky....I assume taxes will be paid on any profit?
GG13. We appear to be talking here about a product costing £18 to produce, with its R& D partly funded by the state, possibly being sold for £80.
That is not 'profit', it's extortion.
Do you seriously expect to make 300% profit on everything you sell?
GrannyGravy13
If the money is ploughed back into research projects and laboratory facilities I haven’t got a problem.
Profit should not be a dirty word
Not automatically, I agree.
But then ...
I have just read the article in The Guardian regarding this, at the moment Covid boosters are only available through the NHS. There is some speculation that they may be available to purchase privately by Autumn 2024 in the U.K.
There is no speculation on the U.K. price just the prices for USA .
I will reserve any judgement until it becomes clear when and how much the U.K. private sector will charge.
Oops I missed out that apparently Mr. Sunak has said they should be £80, without any evidence of this.
The most effective shingles vaccine is over £200 to purchase privately.
One thing is sure. Buying power is linked to size of order, and value of currency!
I got a text today to say I can have one.
I wont be taking up the offer. It’s a shame we can’t donate them to somebody who does but doesn’t qualify.
Fleurpepper
One thing is sure. Buying power is linked to size of order, and value of currency!
Astra Zeneca, Valneva and Novovax are produced in the U.K.
MerylStreep
I got a text today to say I can have one.
I wont be taking up the offer. It’s a shame we can’t donate them to somebody who does but doesn’t qualify.
Nor me. My DH had every vaccine offered...he had all the Covid ones, the Pneumonia one, this and that.
I had nothing much.
He died, in April, of Covid and Pneumonia , so that worked well. 🙁
I'll let nature take its course now, thanks, despite the blitz of texts I'm getting.🙄
GrannyGravy13
Fleurpepper
One thing is sure. Buying power is linked to size of order, and value of currency!
Astra Zeneca, Valneva and Novovax are produced in the U.K.
and?
Business will sell to biggest order, with highest value currency.
Profit should not be a dirty word ! Indeed.
DiamondLily
I'm really sorry to hear that, DL. Life is so unfair sometimes .
Big Pharma is about big profits. Drugs developed with taxpayers' money should not be sold at excessive profit margins and pharma companies should be required to refund the taxpayers out of excess profits.
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