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    Home » Pfizer Upgrades Sales Outlook to $36 Billion for Covid Vaccine
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    Pfizer Upgrades Sales Outlook to $36 Billion for Covid Vaccine

    November 2, 20211 Min Read
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    Pfizer has more than doubled the 2021 sales outlook for its Covid-19 vaccine since Feb. and projected another bumper year in 2022 as it expands global distribution for boosters.

    • The US Pharmaceutical company stated that it expects to generate $36 billion in sales this year and $29 billion in 2022, with respect to how the vaccine developed with German partner BioNTech.
    • The group reported direct sales of $13 billion in Q3. Analysts had projected Covid-19 Vaccine revenues of slightly under $11 billion on average.
    • Pfizer has been upgraded its 2021 sales forecasts several times for its Covid-19 vaccine, expecting $15 billion in annual sales in February and then raising that to $33.5 billion in July.

    Pfizer has avoided numerous controversies that have hampered rivals such as Moderna, Johnson & Johnson, and AstraZeneca related to rare side effects such as blood clots.

    PFE up +2.72%

    Source: FT.

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