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Pfizer lifts 2022 forecast for Covid-19 vaccine sales as profits rise

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The big US drugmaker now expects 2022 sales of the Comirnaty Covid-19 vaccine of $34 billion, up $2 billion from the prior outlook. theSun theSundaily covid19 health vaccine Pfizer

In this file photo taken on November 02, 2021, a vial of the new children’s dose of the Pfizer-BioNTech Covid-19 vaccine at Hartford Hospital in Hartford, Connecticut. AFPPIX: Pfizer reported higher quarterly profits Tuesday as it lifted its full-year forecast for coronavirus vaccine sales and predicted Covid-19 would yield billions more in revenues for the forseeable future.

Pfizer maintained its projection of $22 billion in annual sales for its Paxlovid therapeutic for Covid-19. “We believe our Covid-19 franchises will remain multi-billion revenue generators for the forseeable future, which should serve as a buffer for any unforeseen challenges with other products in our portfolio,“ Bourla said in prepared remarks.

Overall, Pfizer reported profits of $8.6 billion in the third quarter, up six percent from the year-ago period on a six percent drop in revenues to $22.6 billion.

 

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