– over 3 pharmaceutical industry lobbyists for every Member of Congress. The situation has become so absurd that Pfizer donated a million dollars to the Rng hq California bear T-shirt Finally Republican Party in Kentucky to expand its headquarters named after Senator Mitch McConnell, after Pfizer increased its profits by 140% in 2021 to $22 billion. Meanwhile, as Americans die because they cannot afford the medications they need, five of the largest drug companies in the U.S. made nearly $80 billion in profits last year (a 104% increase from the previous year) while the CEOs of just 13 pharmaceutical companies made over $1 billion in total compensation in 2021. Over the past decade, 14 major pharmaceutical companies spent $747 billion not to make life-saving drugs more affordable, but to make their wealthy shareholders richer by buying back their own stock and handing out huge dividends – a sum that is $87 billion more than what they spent on research and development. Video Examples of corporate greed within the pharmaceutical industry are limitless. Let’s start with Moderna. This is a company that received $1.7 billion from U.S. taxpayers to research and develop the COVID-19 vaccine and billions more to distribute it to the American people. As a result, Moderna made $19 billion in profits over the past two years and its CEO (Stephane Bancel) became a billionaire who is now worth over $6 billion. What is Moderna doing to thank the American taxpayer for their generous support? It plans to raise the price of the COVID-19 vaccine by 400% up to $130 when it goes on the commercial market. Meanwhile, it costs just $2.85 to manufacture the product. And, by the way, Moderna has already approved a $926 million golden parachute for Mr. Bancel once he leaves the company. Moderna is far from alone. A number of
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