US drugs giant Pfizer has said demand for its COVID-19 vaccine could become"durable" like flu jabs as it reported revenues of $3.5bn for the drug in the first quarter.
Pfizer also forecast that it would generate revenues of $26bn for the year as a whole, up from previous guidance of $15bn. The company said as of this week it had shipped 430 million doses of the vaccine and for the year as a whole has contracts to deliver 1.6 billon.The results come days after Anglo-Swedish rivalsales worth $275m of its coronavirus vaccine over the first quarter, representing about 68 million doses.
AstraZeneca, which unlike Pfizer is producing its vaccine at cost, revealed that it only represented 4% of sales during the period and that these actually dragged on profits.By contrast, Pfizer's sales of its vaccine - developed with Germany's BioNTech - represented about a quarter of its total revenues for the January-March period.
Shocking .
Well done them, great vaccine. The second best behind moderna.
I bet they did. Particularly since Astra Zeneca was discredited by Germany and France leading to world hesitancy. Non profit making competition.
Had the jab from them, no side effects and all these fannys are scared 🤣
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