Pfizer's CEO Albert Bourla is trying to reposition the global pharmaceutical giant for a post-pandemic world.
‘It’s very frustrating’: Family takes 3 METRO buses to school on first day back after Houston ISD’s bus route issuesAsk 2: Can Houston school crossing guards stop traffic on a main street to let cars exit a side street?– Two years ago, Pfizer was the envy of the pharmaceutical world, with more than $100 billion in annual sales from its COVID-19 vaccine and antiviral Paxlovid.
The transition hasn't been easy. Company shares dropped again in December when Pfizer said it would abandon its twice-a-day formulation of an obesity pill due to an unacceptably high rate of side effects. The company continues to study a once-a-day version. They’re not going to be as big as we thought last year when we gave an expectation of approximately $20 billion revenue. The reality was that they were closer to $10 billion. But that difference was not because we miscalculated the COVID-19 epidemiology, actually it came out exactly as we thought. But what has happened is that a lot of the contracts that governments had with us, they decided to challenge them.
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