Pfizer and BioNTech say final analysis shows coronavirus vaccine is 95% effective

[BumRushDaShow]

19. They have to show optimum value for the investment

They are not a non-profit research hospital.

Over the past 20 or so years, they bought 5 big well-known pharmaceutical companies including biggies like Warner-Lambert and Wyeth, so they are mindful of whatever debt load they have from all of that and maximizing their product offerings and market share.

Moderna is a smaller, more-targeted "newbie" in the marketplace - I suppose what they might call "agile". But in this case, they were around at the right place and at the right time if their product is successful. I expect someone much larger will gobble them up at some point.