Pfizer raises estimates for 2021 sales of COVID-19 vaccine to $33.5 bln
Pfizer Inc on Wednesday raised its forecast for sales of the COVID-19 vaccine that it developed with Germany's BioNTech by 28.8% to $33.5 billion, as countries scramble to secure supply of the shots. The company said the raised sales forecast of the vaccine is based on signed deals for 2.1 billion doses this year.
Pfizer Inc on Wednesday raised its forecast for sales of the COVID-19 vaccine that it developed with Germany's BioNTech by 28.8% to $33.5 billion, as countries scramble to secure supply of the shots.
The company said the raised sales forecast of the vaccine is based on signed deals for 2.1 billion doses this year. The drugmaker's previous forecast in May of $26 billion was based on deals signed for 1.6 billion doses. Wall Street analysts were broadly in line with that forecast at $28.51 billion, according to nine analysts polled by Refinitiv.
Since then, Pfizer has said it expects to produce as much as 3 billion doses this year. Expenses and profit from the vaccine are split 50-50 between Pfizer and BioNTech.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
- READ MORE ON:
- Pfizer
- Germany
- Refinitiv
- Pfizer Inc
- BioNTech
ALSO READ
Germany denies accusations of aiding 'genocide' in Gaza at ICJ
Health News Roundup: Pfizer RSV shot meets goals in trial of high-risk adults under age 60; Novartis to cut 680 jobs in product development and more
Father in Germany sentenced for injecting mercury into daughter's foot, convicted of attempted murder
Health News Roundup: Pfizer RSV shot meets goals in trial of high-risk adults under age 60; Cuba says drug use on the rise, especially among youth and more
Germany's Lufthansa suspends flights to and from Tehran amid Middle East Crisis