Pharmaceutical firms rake in billions with Covid jabs | Malay Mail

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PARIS, Aug 9 — Covid vaccines have brought billions of dollars to the coffers of pharmaceutical companies. Germany’s BioNTech, maker with partner Pfizer of the pioneering mRNA jab, raised its vaccine revenue forecast for 2021 in its latest earnings report today. Here are the numbers for the...

PARIS, Aug 9 — Covid vaccines have brought billions of dollars to the coffers of pharmaceutical companies.

The US company has raised its outlook for 2021, expecting to make US$33.5 billion in sales for the full year. Messenger RNA technology works by providing human cells with the genetic instructions to make a surface protein of the coronavirus, which trains the immune system to recognise the real virus.

Source: News Formal (newsformal.com)

 

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