From [HERE] Vaccine makers Pfizer and Moderna are projected to generate combined sales of $93.2 billion in 2022 nearly twice the amount they’re expected to rake in this year, said Airfinity, a health data analytics group.

Airfinity put total market sales for COVID vaccines in 2022 at $124 billion, according to the Financial Times.

Pfizer vaccine sales are predicted to reach $54.5 billion in 2022, and Moderna’s will hit $38.7 billion. The estimates blow the earlier figures — $23.6 billion for Pfizer and $20 billion for Moderna — out of the water.

“The numbers are unprecedented,” Rasmus Beck Hansen, CEO of Airfinity, told the Financial Times.

Sales of the mRNA shots will continue to rise in 2022 due to boosters and countries stockpiling to ward off variants, Airfinity said.

Pfizer will generate 64% of its sales, and Moderna 75% of its sales, from high-income countries in 2022, the analysts predicted.

In April, Pfizer predicted 2021 COVID vaccine sales of $26 billion. After second-quarter results were reported, Pfizer upped the figure to $33.5 billion. Bernstein analyst Ronny Gal said the company could ring up an additional $10 billion in vaccine sales in 2021.

Gal wrote:

“The numbers are going to be much higher. The guidance of $33.5B reflects contracts signed to today which reflect total commitment to sell 2.1 million doses (at average price of $15.95). Pfizer notes they expect to manufacture 3 million doses. Presumably much of those will be sold as well, albeit at lower average price as consumption shifts to emerging markets. This is probably another $10 billion.”

“The second quarter was remarkable in a number of ways,” Pfizer CEO Albert Bourla said. “Most visibly, the speed and efficiency of our efforts with BioNTech to help vaccinate the world against COVID-19 have been unprecedented, with now more than a billion doses of BNT162b2 having been delivered globally.”

On a conference call, Bourla said that while “it’s very early to speak” about the company’s sales expectations for next year, he put Pfizer’s 2022 production capacity at 4 billion doses.

According to ActionAid International — a global federation working for a world free of poverty and injustice — Moderna, Pfizer and BioNTech are reaping “astronomical and unconscionable profits” due to their monopolies of mRNA COVID vaccines.

Moderna and BioNTech are reporting 69% profit margins, with Moderna and Pfizer paying little in taxes, the People’s Vaccine Alliance said Sept. 15.

Thanks to patent monopolies for COVID vaccines — development of which was supported by $100 billion in public funding from taxpayers in the U.S., Germany and other countries — the three corporations earned more than $26 billion in revenue in the first half of the year, at least two-thirds of it as pure profit for Moderna and BioNTech.

The Alliance also estimated the three corporations are over-charging, pricing their vaccines by as much as $41 billion above the estimated cost of production.

“Big Pharma’s business model — receive billions in public investments, charge exorbitant prices for life-saving medicines, pay little tax — is gold dust for wealthy investors and corporate executives but devastating for global public health,” said Robbie Silverman, private sector engagement manager for Oxfam.

Silverman said pharmaceutical companies are prioritizing their own profits by enforcing their monopolies and selling their  vaccines to the highest bidder. “Enough is enough — we must start putting people before profits,” Silverman said.

According to an analysis by the People’s Vaccine Alliance, based on work by MRNA scientists at Imperial college, Moderna and Pfizer-BioNTech have charged up to 24 times the potential cost of production for their vaccines.

Analysis of production techniques for Pfizer-BioNTech and Moderna, which were developed only thanks to $8.3 billion of public funding, suggest these same vaccines could be made for as little as $1.20 a dose.