Government Health World

Pfizer and Chinese Communist Party Ink Deal in Unholy Union

Having signed an opaque agreement to “improve China’s health coverage,” Pfizer and China are officially in bed together — two corrupt, authoritarian peas in a pod.


U.S. pharma giant Pfizer has signed an agreement with China to cooperate on improving the country’s health coverage, according to the company.

“We are aligned very much with the China ‘Healthy 2030’ [initiative] and we are trying to contribute as much as we can,” Pfizer CEO Albert Bourla told CNBC’s Eunice Yoon on Saturday.

He declined to share further details, including dollar amounts.

It’s safe to say the dollar amount was probably quite high. With an annual revenue of around $100 billion, Pfizer isn’t known for small-dollar business deals.

Pfizer’s China chief framed the agreement as one of benevolence and altruism. Pfizer is mostly interested in sharing their “innovative products” with China. Read more…

Related posts

Unstable Situations Require Police In Riot Gear Face Off With Protesters At Zone 5


Facing Investigation, Ex-President Uribe Resigns From Senate in Colombia


U.S. vs China Trade Wars: Qualcomm Scraps $44 Billion NXP Deal After China Inaction


U.N. Palestinian Agency Will Trim 267 Jobs, Citing U.S. Funding Cut


Despite Egypt’s Dismal Human Rights Record, U.S. Restores Military Aid


Act of Defiance Casts Harsh Light on Europe’s Deportations of Asylum Seekers