Read the story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Last hour:
Last 24 hours:

Pfizer expects to make US$26bn annual revenues from COVID-19 vaccine

% of readers think this story is Fact. Add your two cents.

Pfizer Inc. (NYSE:PFE) said it expects to make US$26bn (£19bn) revenues from the COVID-19 vaccine developed with BioNTech this year.

The pharma giant upgraded full-year guidance to US$70.5-72.5bn to include better than expected contributions for the jab, which will partially be offset by R&D expenses.

READ: Pfizer/BioNTech vaccine works on Brazil variant, study shows

The partners expect to deliver 1.6bn doses in 2021 according to the agreements secured as of mid-April.

Pfizer signed a contract to supply the inoculation to Canada and Israel beyond 2021, and is currently negotiating similar contract with other countries.

In the first quarter, Pfizer made US$3.5bn revenues from the vaccine, compared to US$275mln for AstraZeneca PLC (LON:AZN) which has not been selling it for a profit.

Total revenue for the US behemoth rose 8% to US$14.6bn, with reported net income up 45% to US$4.8bn. The quarterly dividend was maintained at US$0.39 per share.

Meanwhile, it is understood that the US will authorise the Pfizer/BioNTech jab for people aged 12-15, which are 16mln in the country.

Shares were flat at US$39.96 on Tuesday at open.

Story by ProactiveInvestors


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Load more ...




Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.