Trending

Stories

Pfizer Goes Higher in 2021 Outlook as Covid Vax Boosts Profit

Tidio Live Chat Software - Add Tidio live chat software to your website in minutes. Contact visitors and turn them into happy customers. Enhance their experience and boost your sales. Get it for Free

WP Rocket - WordPress Caching Plugin

Must Read

Riding on the success of its Covid vaccine, US biopharmaceutical company Pfizer anticipates making revenues of approximately $33.5 billion in 2021, up from the previously projected $26 billion.

The company’s second-quarter 2021 revenues totaled $19.0 billion, an increase of 92 percent, compared to the 2020 Q2, reflecting operational growth of 86 percent, Pfizer said in a statement on Wednesday.

Also Read

The Q2 2021 operational growth was primarily driven by its Covid vaccine, co-developed by German partner BioNTech. The Covid vaccine contributed $7.8 billion in direct sales and alliance revenues.

The revenue projection includes contracts for 2.1 billion doses that are expected to be delivered through mid-July. The companies have, so far, delivered 1 billion doses of the two-shot Covid vaccine.

Elegant Themes - The most popular WordPress theme in the world and the ultimate WordPress Page Builder. Get a 30-day money-back guarantee. Get it for Free

The company said that the forecast may be adjusted in the future as additional contracts are signed.

Based on current projections, Pfizer and BioNTech expect to manufacture in total of up to 3 billion doses by the end of December 2021.

“The second quarter was remarkable in a number of ways. Most visibly, the speed and efficiency of our efforts with BioNTech to help vaccinate the world against Covid-19 have been unprecedented, with now more than a billion doses of BNT162b2 having been delivered globally,” said Dr. Albert Bourla, Chairman and Chief Executive Officer, in the statement.

In addition, the company posted a 10 percent revenue growth of $11.1 billion, excluding the Covid jabs.

“Looking forward, we remain highly confident in our ability to achieve at least a 6 percent compound annual growth rate through 2025 and intend to build upon our recent successes by continuing to follow the science, trust in our people, and remain focused on delivering breakthroughs for the patients we serve,” Bourla added.

On Wednesday, Pfizer reported that the power of its two-dose Covid vaccine wanes slightly over time, and citing new data, the US drugmaker outlined a case for its booster shots.

The third dose of its Covid-19 vaccine can “strongly” boost protection against the Delta variant, according to an update from the ongoing booster trial.

The “data demonstrates that a third dose elicits neutralizing titers against the Delta (B.1.617.2) variant that are more than five times higher in younger people and more than 11 times higher in older people than after two doses,” Pfizer said.

Further, the study also demonstrated that a booster dose given at least six months after the second dose has a consistent tolerability profile while eliciting high neutralization titers against the wild type and the Beta (B.1.351) variant, which are 5 to 10 times higher than after two primary doses.

iThemes WordPress Hosting

Stay updated

Subscribe to our newsletter and never miss an update on the latest tech, gaming, startup, how to guide, deals and more.

Latest

Stories

- Advertisement -
- Advertisement -

Latest

Grow Your Business

Place your brand in front of tech-savvy audience. Partner with us to build brand awareness, increase website traffic, generate qualified leads, and grow your business.

- Advertisement -

Grow Your Business

Get these business solutions, tools and services to help your business grow.
Elementor

Elementor -Join 5,000,000+ Professionals Who Build Better Sites With Elementor. Build your website with 100% visual design that loads faster and speeds up the process of building them.

WP Rocket

WP Rocket - Speed up your website with the most powerful caching plugin in the world. The website speed increase means better SEO ranking, user experience, and conversation. It’s a fact that Google loves a fast site.

Kinsta

Kinsta - If you are looking for WordPress managed hosting, Kinsta is in the leading front. Kinsta provides WordPress hosting for a small or large business that helps take care of all your needs regarding your website with cutting-edge technology.

OptinMonster

OptinMonster - Instantly boost leads and grow revenue with the #1 most powerful conversion optimization toolkit in the world. 700,000+ websites are using OptinMonster to turn their traffic into leads, subscribers, and sales.

Related

- Advertisement -
- Advertisement -
India to Produce Upcoming iPhones: Trade Minister Japanese Professor Developed A Power Semiconductor made of Diamond Google Releases New Product for India’s Merchants Indian EV Startup Unveil Two AutoBalancing Electric Scooters OPPO Find X6 Pro Images Render via Weibo Sony Develops New Tech to Reduce Noise of Image Sensors Tesla’s S & Y Models Earn Best-in-Class Cars of 2022 India Approved $320m to Promote Homegrown Payments Network Twitter Roll Out TikTok-like ‘For You’ Timeline on iOS Nothing Phone Enters US with Beta Membership Program
Finally! Apple’s VR Headset Coming this Spring Harvard Scientists Develop New Cell Therapy to Kill, and Prevent Brain Cancer HTC Vive XR Elite VR/AR Headset Now Selling for $1099 Realme 10 Launched in India with Helio G99 Gaming Chipset Twitter Data Breach Revealing User’s Private Information Instagram New Feature to Create Albums With Friend Redmi Note12 Pro Plus Launched in India POCO C50 Launched in India