--- title: "Pharma Execs Scheming About How to Make More Money Off COVID Vaccine" description: "Pfizer executives recently announced that they're looking into raising the price of the coroanvirus vaccine once the worst of the pandemic is over." date: "2021-03-16" modified: "2021-03-16" authors: - name: "Dan Robitzski" link: "https://futurism.com/authors/danrobitzski" url: "https://futurism.com/neoscope/pharma-execs-scheming-money-covid-vaccine" categories: - "Health & Medicine" - "Medical" - "Pathogens" - "Viruses" tags: - "coronavirus" - "covid" - "finance" - "health" - "pfizer" - "vaccine" --- # Pharma Execs Scheming About How to Make More Money Off COVID Vaccine ![Pfizer executives recently announced that they're looking into raising the price of the coroanvirus vaccine once the worst of the pandemic is over.]() *\Image: Futurism\* Pfizer says it's now exploring ways to drive up the cost of its vaccine. Speaking at a conference last week, Pfizer CFO Frank D'Amelio and investor relations senior VP Chuck Triano discussed how there's a "significant opportunity" to increase [how much the company charges]() for vaccines, [according to *Business Insider*](). "If you look at how current demand and current pricing is being driven, it's clearly not being driven by what I'll call normal market conditions or normal market forces," D'Amelio [said at the virtual event](). "It's been driven by the pandemic state we've been in, and the needs of governments to secure doses from various vaccine suppliers." https://twitter.com/lhfang/status/1371595466664636425 Thankfully for the vast majority of the people on Earth who *aren't* financially vested in Pfizer and would perhaps rather see the vaccine stay inexpensive, D'Amelio clarified that he's thinking ahead to when the worst of the pandemic is over. These price hikes would likely happen when the coronavirus "shifts from pandemic to endemic," rather than in the midst of the ongoing, urgent push to vaccinate as many people as possible. It's weird to describe a vaccine that's still deeply coveted by [most of the planet]() as a business opportunity, or to hear D'Amelio say that Pfizer doesn't see the pandemic or the vaccination campaign as a "onetime event." While public health experts have said that we may [need extra booster shots]() to combat coronavirus variants that are infecting and killing people around the world, it's jarring to frame the issue as a matter of corporate profit. ## Author Dan Robitzki is a senior reporter for Futurism, where he likes to cover AI, tech ethics, and medicine. He spends his extra time fencing and streaming games from Los Angeles, California. ### Author social links [Twitter]()