Will/Should Ireland move away from Pfizer vaccines?

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

https://www.texaschildrens.org/texas-children%E2%80%99s-hospital-and-baylor-college-medicine-covid-19-vaccine-technology-secures-emergency

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.

Wanderer78

https://www.boards.ie/discussion/2058228127/will-should-ireland-move-away-from-pfizer-vaccines

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

goingnowhere

Pfizer has managed to build out an impressive supply chain and deliver what it promised on time consistently. Ireland has orders to ensure we have enough to issue everyone a dose annual for the next few years

Ireland spent 20+ billion on health last year, 100 million is pocket change to the HSE.

The best vaccine is the one you can get today

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.

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.

Capt'n Midnight

https://www.boards.ie/discussion/comment/118483561#Comment_118483561

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.

astrofool

https://www.boards.ie/discussion/comment/118483561#Comment_118483561

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

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.

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