Pfizer Forecasts 2023 Sales of COVID Products Below Estimates

Reuters2023-01-31

(Reuters) - Pfizer Inc on Tuesday forecast 2023 sales of its COVID-19 products of $21.5 billion that fell short of Wall Street expectations, hit by lower demand in international markets and slower uptake of booster vaccines.

The U.S. drugmaker said it expects sales of $13.5 billion from the vaccine for 2023, below Refinitiv estimates of $14.39 billion, and projected $8 billion in sales of its antiviral pill, Paxlovid, short of $10.33 billion the Street expects.

The lower forecast casts uncertainty over the future of Pfizer's biggest selling products, which are expected to come under pressure this year as government spending on COVID vaccines and treatments declines.

The drugmaker has been hoping to offer its vaccine through the private market in the United States and other markets as government-backed vaccination campaigns for original shots near their end.

Pfizer stock slides 3.6% before the bell.

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Comments

SNeo
2023-02-01
SNeo
[Sweats]
supre
2023-01-31
supre
I'm so grateful to Mrs Teresa Fuller for making me believe online trading. I never thought any of this was real and I was so scared of losing my money.now I benefit alot from Teresa Fuller Platform on Facebook
valentia
2023-01-31
valentia
Tell me which counter will have growth sales?😆
druvaciam
2023-01-31
druvaciam
‌[难过] ‌

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I never thought any of this was real and I was so scared of losing my money.now I benefit alot from Teresa Fuller Platform on Facebook","listText":"I'm so grateful to Mrs Teresa Fuller for making me believe online trading. I never thought any of this was real and I was so scared of losing my money.now I benefit alot from Teresa Fuller Platform on Facebook","text":"I'm so grateful to Mrs Teresa Fuller for making me believe online trading. I never thought any of this was real and I was so scared of losing my money.now I benefit alot from Teresa Fuller Platform on Facebook","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9955943847","repostId":2307719657,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9955949115,"gmtCreate":1675166857737,"gmtModify":1676538981000,"author":{"id":"4116569270341752","authorId":"4116569270341752","name":"valentia","avatar":"https://community-static.tradeup.com/news/aa5d9699efc00e79a23259af692754b7","vip":1,"crmLevel":4,"crmLevelSwitch":1},"htmlText":"Tell me which counter will have growth sales?😆","listText":"Tell me which counter will have growth sales?😆","text":"Tell me which counter will have growth sales?😆","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9955949115","repostId":2307719657,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9955940519,"gmtCreate":1675166565032,"gmtModify":1676538980984,"author":{"id":"4088707402306530","authorId":"4088707402306530","name":"druvaciam","avatar":"https://static.tigerbbs.com/5c3fb456a34258529f2ed7b7f945e0e8","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":6,"crmLevelSwitch":1},"htmlText":"‌<a href=\"\">[难过]&nbsp;</a>‌","listText":"‌<a href=\"\">[难过]&nbsp;</a>‌","text":"‌[难过] ‌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9955940519","repostId":2307719657,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":41,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2307719657"}