The Covid sales boom is over for Pfizer [CNN]
Pfizer, Inc. (PFE)
Last pfizer, inc. earnings: 4/28 06:45 am
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investors.pfizer.com/investors-overview/default.aspx
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Source: CNN
New York CNN — Pfizer (PFE) told Wall Street Tuesday that it expects Covid-related sales to plunge to $21.5 billion this year… below Wall Street's forecasts. Shares of Pfizer (PFE) were up slightly despite the news. BioNTech (BNTX) , which partners with Pfizer (PFE) to make and sell the vaccine, was up about 1% as well. But a big part of the problem for Pfizer, as well as vaccine rival Moderna (MRNA) , is that public health care agencies already had an ample supply of vaccines and pills to help prevent the spread of Covid and treat those who contract the virus. The company also is now factoring in zero revenue for Paxlovid from China after April 1, since the Chinese government is removing the antiviral pill from its list of treatments that are eligible for reimbursement as part of its national insurance program. Pfizer noted that it now expects to sell just $13.5 billion of its vaccine and $8 billion of the Paxlovid pill this year. Wall Street was expecting vaccine revenue
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PFE
Earnings
- 1/30/24 - Beat
PFE
Sec Filings
- 4/16/24 - Form 4
- 4/16/24 - Form 4
- 4/16/24 - Form PX14A6G
- PFE's page on the SEC website