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How The Covid-19 Vaccine Injected Billions Into Big Pharma—And Made Its Executives Very Rich POOL/AFP via Getty Images An exclusive excerpt from  by Nina Burleigh Before the Covid-19 pandemic, Big Pharma had been easing out of the vaccine business for decades. By 2019, the major vaccine makers supplying America had dwindled to a handful of large companies—Merck, Sanofi, Pfizer, and Johnson & Johnson. Because vaccines are only used once or twice—as opposed to medicines that people take daily—they are not profitable. The scale of vaccination programs also invites class action litigation if something goes awry. The White House needed a whopping amount of money to coax companies to research and test and then produce hundreds of millions of doses. They initially asked for and Congress rapidly appropriated $10 billion. Ultimately, Operation Warp Speed (OWS)—the U.S. government’s Covid-19 relief program—would dole out $22 billion to Big Pharma.

United statesUnited kingdomWhite houseDistrict of columbiaUnited arab emiratesSouth koreaLos angelesBarney grahamRachel harriganScott gottliebAlbert bourlaMark mcclellanMoncef slaouiPandemicby nina burleighVladimir putinWilliam erhardt