May 4, 2009
Swine flu is making some people very sick, even killing some of those who get it.
But, there are some other people who are making a killing on Swine flu. Pharmaceutical companies have profited from the news that swine flu is spreading. Several of these companies have seen their stock prices rise as a result.
Roche, maker of Tamiflu, saw its shares rise 3.5% in one day, while British pharmaceutical company GlaxoSmithKline, maker of Relenza, saw their shares go up 6%!
Worldwide, Roche saw sales in excess of 347 million dollars for the first quarter of 2009. The company said that 264 million dollars was on sales for stockpiling Tamiflu while the other 84 million dollars was for general seasonal use.
These corporate pigs are getting rich off the misery of swine flu victims.