Drugmakers Say They Are Tackling Coronavirus to Help, Not Profit - (Morningstar via NewsPoints Desk)

  • Eli Lilly CEO David Ricks said the drug industry is focused on finding treatments and vaccines for the novel coronavirus, not profits, reported Morningstar.

  • "We know this is the moment this industry needs to rise to the occasion and marshal every bit of scientific know-how we have to solve this problem," he said.

  • He added that "the spirit across the industry is one of cooperation, of speed and applying our scientific know-how to fix the problem."

  • Ricks said it is unclear at the moment how a company would allocate any eventual drug or vaccine, but that they would work with global agencies and governments to "make sure scarce resources get to the most in need."

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