NEW YORK - Pfizer executives said Tuesday they are confident of strong demand for the company's COVID-19 antiviral treatment amid easing pandemic rules as the big drugmaker reported another round of strong earnings.
"People are tired of the repeated booster, so it is extremely important to come to a vaccine that could be a yearly vaccine," Bourla told analysts on a conference call, adding that while the company has made progress on this front, "it's not technically easy to achieve." But the company confirmed its full-year revenue forecast of about $100 billion, which is an approximately 23% increase on the 2021 level. More than half the revenues are expected to come from the COVID-19 vaccine and therapeutic.
The company expects to produce 120 million courses of the Paxlovid oral pills in 2022, with distribution programs scaling up in the United States and other markets. "What we're also seeing is that we don't have any inventory on hand," Hwang said. "Every dose that we produce is being shipped out."
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