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Pfizer earned $3.5 billion on COVID vaccine in first quarter
Posted on 5/4/21 at 8:56 am
Posted on 5/4/21 at 8:56 am
Pfizer's COVID-19 vaccine earned the company $3.5 billion in the first three months of this year, representing nearly a quarter of its total revenue, the company announced ahead of its earnings call Tuesday.
The drug company giant said it expects the vaccine to earn about $26 billion in total revenue for 2021, based on signed contracts as of mid-April that amount to 1.6 billion doses of the shot to be delivered this year.
The company's previous forecast was $15 billion for the year, but its first-quarter 2021 revenues alone totaled $14.6 billion, an increase of $4.5 billion, or 45 percent, compared to the first quarter of 2020. LINK
The drug company giant said it expects the vaccine to earn about $26 billion in total revenue for 2021, based on signed contracts as of mid-April that amount to 1.6 billion doses of the shot to be delivered this year.
The company's previous forecast was $15 billion for the year, but its first-quarter 2021 revenues alone totaled $14.6 billion, an increase of $4.5 billion, or 45 percent, compared to the first quarter of 2020. LINK
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Posted on 5/4/21 at 8:57 am to Jbird
Is this supposed to be a bad thing?
Posted on 5/4/21 at 8:57 am to Jbird
Ok?
Posted on 5/4/21 at 8:58 am to Jbird
Sounds about right. They weren't going to develop a vaccine for free.
Posted on 5/4/21 at 8:58 am to Jbird
They fricking deserve it making a vaccine that quickly
Posted on 5/4/21 at 8:59 am to Jbird
That kids is called financial incentive to release viruses on populations for profit
Posted on 5/4/21 at 8:59 am to Jbird
quote:A lot of people made a lot of money off this overblown flu
The drug company giant said it expects the vaccine to earn about $26 billion in total revenue for 2021
Posted on 5/4/21 at 8:59 am to Jbird
What's Fauci cut?
Posted on 5/4/21 at 8:59 am to Jbird
It’s ONLY about the science y’all.
Posted on 5/4/21 at 9:00 am to Jbird
They made nearly a quarter of their money in the first quarter?
Give fauci a dividend!
Give fauci a dividend!
Posted on 5/4/21 at 9:00 am to Jbird
That's good for me.
Yall sound like a bunch of leftist socialists from the 1990s.
Yall sound like a bunch of leftist socialists from the 1990s.
This post was edited on 5/4/21 at 9:02 am
Posted on 5/4/21 at 9:01 am to Jbird
$3.5 Billion on a free vaccine. Wow!
Posted on 5/4/21 at 9:03 am to Jbird
Now extrapolate the savings in healthcare by folks not getting the virus and not being hospitalized. You got to crack a few eggs to make an omelette.
Posted on 5/4/21 at 9:04 am to Jbird
Quite the business model
Problem (created/inflated)
Reaction (fear)
Solution ($$$$/control)
Problem (created/inflated)
Reaction (fear)
Solution ($$$$/control)
Posted on 5/4/21 at 9:05 am to Jbird
Pfizer getting paid was probably a byproduct of China’s release of the Wu Flu. Getting Drumph was the primary intent.
Posted on 5/4/21 at 9:15 am to Jbird
This sounds like the pharmaceutical version of the military-industrial complex. Government and industry and rubbing each other's back. If the government can sell the need for a vaccine to more of the public, they get more kickbacks and big pharma makes more profit.
I'm not against companies making profit after footing the bill for the research and development when the market calls for natural demand of a product. But this doesn't smell right to me.
I'm not against companies making profit after footing the bill for the research and development when the market calls for natural demand of a product. But this doesn't smell right to me.
Posted on 5/4/21 at 9:21 am to Jbird
They need it to keep pace with all the pay-offs given to politicians.
Posted on 5/4/21 at 9:30 am to Jbird
I own shares of PFE so I'm happy.
Posted on 5/4/21 at 9:31 am to Jbird
Profit Shaming? They developed a vaccine at their own risk and put it to market. They have a right to a return on their risk and work.
After all we are not communists.
After all we are not communists.
Posted on 5/4/21 at 9:37 am to Jbird
What's FauXi's royalty worth?
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