Addressing questions about pharma company profits, Mr O’Connor said the value generated by vaccines accrues to patients, the healthcare system, society more broadly and to pharmaceutical companies, and “incalculably outstrips the investment by and value to companies”.
Senator Garvey said the pharma industry “had had the same talking points” during a multiyear debate on providing generic access to HIV and AID therapies. “Allowing generic products was what was needed to get sufficient medicines, to lower cost and to save many lives,” she said. To suggestions that drug companies might be more reluctant to invest in R&D in the event of a waiving of patent rights, Sinn Féin’s Louise O’Reilly told Mr O’Connor: “Perhaps your industry is a little more resilient that you give it credit for,”
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