Pfizer sees robust COVID-19 vaccine demand for years, $26 bln in 2021 sales

[bluewater]

Source: Reuters

Pfizer Inc (PFE.N) on Tuesday raised its forecast for 2021 COVID-19 vaccine sales by more than 70% to $26 billion and said demand from governments around the world fighting to halt the pandemic could contribute to its growth for years to come.

The company said it expects to file for full U.S. approval of the vaccine in May for people over the age of 16, as it is now only authorized for emergency use. It also expects to hear soon from U.S. regulators on expansion of the vaccine's emergency use authorization (EUA) for children ages 12-15.

Revenue from the vaccine - developed with German partner BioNTech SE - is expected to account for more than one third of Pfizer's sales this year.

The forecast is based on contracts to deliver 1.6 billion vaccine doses this year. The company expects to sign more deals for this year and is in supply talks with several countries for 2022 and beyond.

"Based on what we've seen, we believe that a durable demand for our COVID-19 vaccine – similar to that of the flu vaccines – is a likely outcome," Chief Executive Albert Bourla said.

Read more: https://www.reuters.com/business/healthcare-pharmaceuticals/pfizer-lifts-annual-sales-forecast-covid-19-vaccine-2021-05-04/

[HUAJIAO]

1. Rake it in, baby....

[speak easy]

2. $26 billion "The forecast is based on contracts to deliver 1.6 billion vaccine doses this year"

That is not extortionate.

The process requires 280 components and relies upon 25 suppliers located in 19 different countries.
https://www.needforscience.com/medicine/pfizer-biontech-covid-19-vaccine-development-and-technology/

[SergeStorms]

3. How many more millions....

of people who have died already without their vaccine? How many more millions by the time we've fully contained this virus, if ever?

I think they're due a healthy profit for saving countless millions of lives. I begrudge them nothing in the pursuit of wiping out COVID-19. I would have sold the clothes off my back to get that vaccine. Thank Dog I didn't have to, but still........

[paleotn]

4. $16 per dose isn't much....

given the complexity of manufacture and supply chain.

[Gore1FL]

5. And the Stock price is about where it was in 2018... nt

[JudyM]

6. Yes, I've been puzzled by that, too.