STATNEWS: Dozens of financial firms want pharma to place Covid-19 patients over profits

[SheltieLover]

[link:https://www.statnews.com/pharmalot/2020/04/17/covid19-coronavirus-gilead-vaccines-achmea/|

More than three dozen asset managers, pension funds, and insurers are urging the pharmaceutical industry to cooperate in the fight against Covid-19 by sharing research data and providing affordable worldwide access to medicines, diagnostics, and vaccines.

In a letter to be sent to more than 15 large drug makers — including Roche (RHHBY), Gilead Sciences (GILD), and Johnson & Johnson (JNJ) — the investment firms argue that “financial considerations should take second place in the global challenge of getting the coronavirus under control as quickly as possible.”

Moreover, the firms vowed to “closely monitor” the drug makers in which they invest in coming months and also promised that concerns surrounding Covid-19 medical products will be tracked during shareholder meetings as well as the “normal” interactions with company managements.

More at link.

[Bernardo de La Paz]

1. Greed Over People will be remembered and punished in the marketplace. . . . nt

[GaYellowDawg]

2. That's pretty fucking ironic coming from financial firms.

[SheltieLover]

3. I know, right?

Speaks volumes I think. The reality is setting in. They are really worried. About money, of course.