PFIZER EXPECTS $54 BILLION IN 2022 SALES ON COVID VACCINE AND TREATMENT PILL →
- Pfizer expects to sell $32 billion of its Covid-19 shots and $22 billion of its antiviral coronavirus treatment pill Paxlovid
- But the drugmaker posted mixed fourth-quarter results, beating on earnings but missing on revenue.
- Pfizer forecasts $98 billion to $102 billion in sales for 2022, and adjusted earnings per share of $6.35 to $6.55.
- On an unadjusted basis, fourth-quarter profit soared more than fourfold to $3.39 billion.
….and profits are theirs..
Pfizer Inc said on Tuesday it expects 2022 sales of its COVID-19 vaccine and antiviral pill to top $54 billion, but that fell short of lofty Wall Street estimates and its shares were off about 3%.
Still, Chief Executive Albert Bourla said final sales for its oral COVID-19 antiviral, Paxlovid, could be “way bigger” than what Pfizer has forecast since its current outlook only included contracts that have been or are close to being signed.
Pfizer currently expects $22 billion in 2022 sales of the treatment, compared with Wall Street estimates of $22.88 billion.
