In 2014, the value of the world market for vaccines was estimated at $33.14 billion. This market is estimated to be worth $57.8 billion by 2019. It is projected to grow to $100 billion by 2025. Merck was the industry leader with total vaccine sales revenue of $6.25 billion, followed by Sanofi Pasteur with $5.85 billion, GSK with $5.26 billion, Pfizer with $4.48 billion, and Novartis with $1.53 billion. So, as of last year, Merck controlled approximately 18.9% of the market; Sanofi Pasteur, 17.6%; GSK, 15.9%; Pfizer, 13.5%; and Novartis, 4.6%. Other companies split the remaining 29.5% share of the global vaccine market.
This is one of the most lucrative and profitable industries on planet Earth. How crazy is it that this industry is effectively subsidized by the US taxpayer. The industry has been given complete immunity from liability, so it has absolutely no incentive to invest in research and development like industries that must play by free market rules.
Imagine if Volkswagen was playing by the same rules as vaccine manufacturers such as Merck and Pfizer and GlaxoSmithKline and Sanofi Pasteur? VW will lose tens of billions of dollars because their executives opted to skirt the rules. They chose to cheat and commit crimes. They got caught, and they’ll have to pay. Martin Winterkorn swiftly resigned as CEO of VW and apologized, and he and others will be investigated by authorities and may likely stand trial and eventually face prison time. In the end, though, it all just added up to a little more dirty air in the environment.
Yeah, I was one of the poor saps who bought one of their diesels. What can you do when industry execs decide to get extra greedy.
Vaccine companies? They don’t have to play by free market rules. They have absolutely no incentives to produce safe and effective products. It doesn’t matter whether their products are safe or effective, because the firms cannot be sued. They cannot be held accountable for any harm or death caused by their products. Nobody has the right to file a lawsuit in a civil court against a vaccine manufacturer. It’s a free ride.
Vaccine execs don’t have to resign or face trial or the remotest possibility of being imprisoned, even if their products are shown to have killed or injured someone, or even tens, hundreds of thousands of people, children. They don’t need a “Get Out of Jail Free” pass, because they are simply immune to jail time or prison terms. Those kinds of confining spaces are for the rest us, not them. They are special citizens, prized above all others.
As Barbara Loe Fisher of the National Vaccine Information Center (NVIC) said this past weekend in Atlanta, this system created by the National Childhood Vaccine Injury Act of 1986 is…
a drug company stockholder’s dream and a parent’s worst nightmare. The 1986 law is a failed experiment in tort reform and it should be repealed. The pharmaceutical industry and medical doctors must be held fully accountable and liable for vaccine injuries and deaths in civil court…