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Will/Should Ireland move away from Pfizer vaccines?

  • 15-01-2022 12:11pm
    #1
    Registered Users Posts: 5,431 ✭✭✭ Ubbquittious


    There isn't anything wrong with the vaccines themselves but they are expensive. I am unsure of how much the HSE is paying them per dose but the going rate is 19.50

    It is probably costing the state about 100 million per booster shot. Pfizer is one of the IDA's big success stories and one of the Irish government's darling megacorps along with Apple and Google and FG secretly love handing a nice juicy lump of cash to them every few months on top of generous 'pay no tax' deals. However this probably isn't the 'right' way to do things as the government is also eternally strapped for cash - a much cheaper one has been developed by Texas children's hospital that can be easily produced and requires no royalties




Comments

  • Registered Users Posts: 32,141 ✭✭✭✭ is_that_so


    Corbevax’s clinical trial data has yet to be released and they have not sought approval from any regulatory body, so still a good way to go for them. Pfizer have an actual vaccine.



  • Registered Users Posts: 26,203 ✭✭✭✭ Wanderer78


    ....and to add insult, have been one of the biggest 'investors' in share buy backs!



  • Registered Users Posts: 10,815 ✭✭✭✭ Danzy


    They are cheap as vaccines go, especially new ones.


    The big and incredible money spinner vaccine is the new malarial one. That's big business and long term.



  • Moderators, Recreation & Hobbies Moderators, Science, Health & Environment Moderators, Technology & Internet Moderators Posts: 91,527 Mod ✭✭✭✭ Capt'n Midnight


    With some creative accounting Pfizer could donate €100m in vaccines and write them off against corporation tax here or something like that.

    Pfizer's total investment in Ireland now stands at nearly €8 billion ... Irish operations contribute €2 billion annually to the Irish economy.



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  • Moderators, Recreation & Hobbies Moderators, Science, Health & Environment Moderators, Technology & Internet Moderators Posts: 91,527 Mod ✭✭✭✭ Capt'n Midnight


    Hopefully not. They could only make serious money till the patent runs out and it becomes a generic. So eradicating a disease removes a revenue stream for the competition.



  • Registered Users Posts: 15,100 ✭✭✭✭ astrofool


    The profit margins on the anti-virals will probably outstrip the vaccines soon enough.



  • Registered Users Posts: 1,109 ✭✭✭ 323


    As you said OP, Pfizer is one of our government's darling megacorps with the generous 'pay little or no tax' deal that goes with that status.

    Probably why their contract with the EU has payment for every single dose they have agreed to sell to the EU gets paid to Pfizer Ireland. Probably wont have to pay any tax on it. But government will call the cash-flow into the country a win so they wont be moving away from Pfizer regardless if what it costs.

    “Follow the trend lines, not the headlines,”



  • Registered Users Posts: 11,328 ✭✭✭✭ Geuze


    Companies pay 12.5% CT on their profits.

    The Revenue isn't going around "doing deals" with firms.

    There are some deductions/allowances, yes, so the effective CT rate is a bit below the headline rate.

    2018 effective rate for MNC = 11.6%

    https://www.revenue.ie/en/corporate/documents/research/ct-analysis-2020.pdf



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