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Pfizer projects $ 36 billion in annual revenue for its Covid vaccine

2021-11-02T12:15:12.280Z


Driven by strong demand outside the US market, the pharmaceutical giant has revised its estimates upwards.


The American pharmaceutical group Pfizer on Tuesday revised its annual revenue estimates for Comirnaty, its anti-Covid vaccine, in particular counting on the strong demand outside the United States.

Read alsoThe United States authorizes Pfizer's anti-Covid vaccine for 5-11 year olds

The company now plans to sell this year for $ 36 billion of the serum it is developing in partnership with the German biotech BioNTech, against $ 33.5 billion in its previous forecasts.

Pfizer plans to deliver 2.3 billion doses

More than 75% of the increase in Comirnaty-related revenue in the third quarter of 2021 comes from countries outside the United States,

” said Albert Bourla, CEO of Pfizer, quoted in the group's quarterly earnings release.

"

We are on track to achieve our goal of delivering at least 2 billion doses to low and middle income countries by the end of 2022,

" he added, adding that half of these doses would be sold to the US government at cost price for distribution to the poorest countries on the planet.

Over the year as a whole, Pfizer plans to deliver 2.3 billion vaccines worldwide.

At the end of October, the United States Medicines Agency (FDA) authorized the Comirnaty for 5-11 year olds, paving the way for a new major immunization campaign in the country.

An expert committee from the Centers for Disease Prevention and Control (CDC) meets on Tuesday to decide whether or not to recommend the vaccine for younger people.

Read alsoCovid-19: a 3rd dose of the Pfizer / BioNTech vaccine effective at 95.6%

From July to September, Pfizer achieved sales of $ 24.1 billion, more than the $ 22.7 billion expected by Wall Street.

The vaccine alone has grossed nearly $ 13 billion.

The group's net profit over this period is $ 8.15 billion.

Reported per share and excluding exceptional items, the benchmark on Wall Street, earnings are $ 1.34, better than the $ 1.06 expected by the market.

Pfizer stock climbed nearly 4% in transactions leading up to the Wall Street opening.

Source: lefigaro

All business articles on 2021-11-02

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