Afaik profit is profit whether it’s from subsidies or sales. On top of that, the government gave them grants to develop said vaccines, so r&d was highly discounted… Production of most vaccines as way cheap compared to r&d, so I doubt there is ever any “selling for a loss”. Combine that with state mandates requiring kids to get vaccines before attending school (I’m not saying this is bad… Public health is a good thing), and you have a captive customer base.
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