Connect with us

Hi, what are you looking for?


Pfizer boosts 2022 COVID vaccine forecast, looks to pivot with deals, new drugs


Pfizer Inc. on Tuesday raised its forecast for 2022 sales of its coronavirus disease 2019 (COVID-19) vaccine by $2 billion to $34 billion, and said new deals and drugs in development should help replace future declining vaccine sales and lost revenue from patent expirations. 

The US drugmaker’s shares rose 2.7% to $47.84 as its third-quarter profit beat estimates, mainly due to higher-than-expected sales of the vaccine it shares with German partner BioNTech. 

The upbeat earnings also sent shares of rival COVID-19 vaccine makers higher. Novavax Inc. and Moderna Inc. were up roughly 2% each. 

Sales of the Pfizer/BioNTech COVID vaccine are down from pandemic highs as many countries have neared the end of their primary vaccination campaigns. There are also concerns about soft demand for newly updated booster shots. 

In response, Pfizer hopes to roughly quadruple the price of the vaccine in the United States once the government stops buying doses and sales shift to the private market. 

Chief Executive Albert Bourla said in an interview that the company is trying to showcase what a “post-COVID crisis” Pfizer will look like. 

COVID-19 treatments and vaccines will be multibillion-dollar franchises, he said, “but that will be stable, not with ups and downs. And the growth will be driven by the pipeline and the business development.” 

Pfizer is expected to face the loss of patent protections for some key drugs between 2025 and 2030. The company has turned to deals such as its recent $5.4 billion acquisition of Global Blood Therapeutics Inc. and its $11.6 billion purchase of Biohaven to beef up its pipeline of future products. 

Mr. Bourla said the company’s internal pipeline should help replace lost growth from COVID sales and patent expirations, pointing to 19 products the company hopes to launch over the next 18 months that he said could deliver some $20 billion in annual revenue. These include treatments for ulcerative colitis and migraines, as well as its vaccine for respiratory syncytial virus (RSV). 

The company said its experimental RSV vaccine was found to be effective in a late-stage study in preventing severe infections in infants when given to expectant mothers. 

BMO Capital Markets analyst Evan Seigerman said some investors will point to the massive COVID vaccine beat as unsustainable, however, “we’re not yet throwing in the towel given an emerging pipeline and significant balance sheet flexibility.” 

Third-quarter sales of the COVID vaccine came in at $4.40 billion, blowing past estimates of $2.60 billion. 

However, $7.51 billion in sales of Paxlovid, the company’s COVID-19 antiviral treatment, fell short of estimates of $7.66 billion. 

Pfizer reported adjusted earnings of $1.78 per share in the third quarter, beating analysts’ estimates by 39 cents. — Reuters

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



Data is becoming the lifeline of businesses today. Organizations are beginning to realize that they have to know how to store and manage data...


Five-dollar bills are inspected at the Bureau of Engraving and Printing in Washington, D.C., March 26, 2015. — REUTERS THE PHILIPPINES’ dollar reserves dipped...


Families enjoy taking pictures around Luneta Park in Manila, Nov. 28. Economic managers are targeting 6.5-7.5% gross domestic product growth this year, and 6-7%...


Students attend a cooking class at the Technical Education, Skills and Development Authority (TESDA) training school in Taguig City, March 23. — PHILIPPINE STAR/...


Filipino fans attend K-pop group NCT 127’s concert at the SM Mall of Asia in Pasay City, Sept. 2. Aside from NCT 127, many...


SAM WORTHINGTON in Avatar: The Way of Water LONDON — Filmmaker James Cameron is taking audiences back to his visually mesmerizing world of Pandora,...

You May Also Like


BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...


REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...


KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...


COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

Disclaimer: Respect, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.