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Moderna : Pfizer lifts gross sales forecast for COVID-19 vaccine to $26 billion – marketscreener.com

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The raised aim assumes 1.6 billion doses of vaccine, which is co-developed with BioNTech SE, can be delivered within the yr, with the two-shot vaccine rising because the best-selling product for the U.S. drugmaker within the first quarter.

It’s anticipated to make up for greater than one-third of Pfizer’s full-year gross sales, with the corporate in provide talks with a number of nations for 2022 and past.

“Primarily based on what we have seen, we consider {that a} sturdy demand for our COVID-19 vaccine – much like that of the flu vaccines – is a possible end result,” Chief Government Albert Bourla stated in his ready remarks.

Value and gross revenue from the vaccine are cut up 50-50 between Pfizer and BioNTech. The 2 drugmakers had stated they purpose to supply as much as 2.5 billion doses this yr, of which 900 million doses haven’t been included in Pfizer’s forecast.

If it sells that variety of doses, the vaccine gross sales in 2021 may very well be a minimum of 50% increased than the projected $26 billion.

The corporate has stated it expects to revenue from the vaccine, whereas some drugmakers together with Johnson & Johnson have stated their vaccine can be out there on a not-for-profit foundation till the tip of the pandemic.

Pfizer goals to fabricate a minimum of 3 billion doses of the vaccine subsequent yr. It generated $3.5 billion in income within the first quarter and beat estimates of $3.28 billion, in keeping with six analysts polled by Refinitiv.

Rival Moderna has forecast $18.4 billion in 2021 gross sales of its COVID-19 vaccine.

Pfizer stated it was utilizing the expertise used within the COVID-19 shot generally known as messenger RNA to develop two flu vaccines which are anticipated to enter medical research within the third quarter.

Shares the corporate have been up 1.4% in premarket buying and selling.

(Reporting by Manas Mishra in Bengaluru and Michael Erman in Maplewood, N.J; Modifying by Arun Koyyur)



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