COVID vaccines create 9 new billionaires: People’s Vaccine Alliance

COVID vaccines create 9 new billionaires: People’s Vaccine Alliance

New Delhi: At least nine people have become new billionaires since the beginning of COVID pandemic, thanks to the excessive profits pharmaceutical corporations with monopolies on COVID vaccines are making, the People's Vaccine Alliance said on Thursday ahead of a G20 leaders global health summit. They are: Stephane Bancel, Moderna's CEO (worth $4. 3 billion), Ugur Sahin, CEO and co-founder of BioNTech (worth $4 billion), Timothy Springer, an immunologist and founding investor of Moderna (worth $2. 2 billion), Noubar Afeyan, Moderna's Chairman (worth $1. 9 billion), Juan Lopez Belmonte, Chairman of ROVI, a company with a deal to manufacture and package the Moderna vaccine (worth $1. 8 billion), Robert Langer, a scientist and founding investor in Moderna (worth $1. 6 billion), Zhu Tao, co-founder and chief scientific officer at CanSino Biologics (worth $1. 3 billion), Qiu Dongxu, co-founder and senior vice president at CanSino Biologics (worth $1. 2 billion) and Mao Huinhoa, also co-founder and senior vice president at CanSino Biologics (worth $1 billion). Key members of the G20 who meet on Friday are blocking moves to boost supply by ending companies' monopoly control of vaccine production as Covid-19 continues to devastate lives in countries like India and Nepal where