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Pfizer bets on COVID-19 vaccine demand for years, sees sales of $26 billion in 2021
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Pfizer raises full-year sales forecast for its COVID-19 vaccine
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04 May 2021 - 17:17
The Pfizer logo is pictured at their building in the Manhattan borough of New York October 29, 2015. REUTERS/Carlo Allegri/File Photo
Reuters
Pfizer Inc 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 trying to halt the pandemic could contribute to its growth for years to come.
Revenue from the vaccine - developed with German partner BioNTech SE - is expected to account for more than one third of Pfizer s full-year sales this year.
The forecast is based on already signed contracts for 1.6 billion vaccine doses to be delivered this year. The company said it expects to sign more deals for this year and is in supply talks with several countries for 2022 and beyond.
J J to resume rollout of Covid-19 vaccine in Europe with safety warning Reuters
Johnson & Johnson (JNJ.N) said on Tuesday it will resume rolling out its COVID-19 vaccine in Europe after the region s medical regulator said the benefits of the shot outweigh the risk of very rare, potentially lethal blood clots.
Europe s health regulator, the European Medicines Agency (EMA), on Tuesday recommended adding a warning about rare blood clots with low blood platelet count to the vaccine s product label and said the benefits of the one-dose shot outweigh its risks.
J&J shares rose more than 2%.
Use of the J&J vaccine was temporarily halted by U.S. regulators last week after rare brain blood clots combined with a low blood platelet count were reported in six women, prompting the company to delay its rollout in Europe.
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