The development of the COVID -19 vaccine, Initiated during the Trump presidential administration. It expedited America’s return to normalcy. Dubbed operation warp speed, the United States committed $22 billion to test and vaccinate Americans. Meanwhile, research for the Covid-19 vaccine made available using public funds. The same don’t hold for the profits generated by them. Moderna, Pfizer, and BioNTech, CureVac, and Arcturus have all developed mRNA-based vaccines for COVID-19 and as a result, the pharmaceutical industry has created a record number of billionaires.
Newcomers to the billionaires club include 40 new entrants who draw their fortunes from companies involved in fighting Covid-19. Some, such as Moderna CEO Stéphane Bancel and BioNTech cofounder Uğur Şahin, have become household names thanks to the vaccines they helped develop. Others got rich making everything from personal protective equipment and diagnostic tests to antibody treatments and software that helps authorities schedule vaccination campaigns, which will be essential in reopening economies and returning to normal life.