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Jbird
Iowa Fan
In Bidenville with EthanL
Member since Oct 2012
66012 posts

Pfizer earned $3.5 billion on COVID vaccine in first quarter
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


Powerman
LSU Fan
Member since Jan 2004
148492 posts

re: Pfizer earned $3.5 billion on COVID vaccine in first quarter
Is this supposed to be a bad thing?


GalvoAg
Texas A&M Fan
Galveston TX
Member since Apr 2012
10232 posts

re: Pfizer earned $3.5 billion on COVID vaccine in first quarter
Ok?


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20
squid_hunt
Baton Rouge
Member since Jan 2021
2887 posts

re: Pfizer earned $3.5 billion on COVID vaccine in first quarter
quote:

Is this supposed to be a bad thing?

Not if you like government mandated lockdowns with vaccine requirements for release.


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435
saturday
US Space Force Fan
San Diego
Member since Feb 2007
5542 posts

re: Pfizer earned $3.5 billion on COVID vaccine in first quarter
Sounds about right. They weren't going to develop a vaccine for free.


tiger1014
LSU Fan
Member since Jan 2011
11908 posts

re: Pfizer earned $3.5 billion on COVID vaccine in first quarter
They fricking deserve it making a vaccine that quickly


DownshiftAndFloorIt
US Space Force Fan
Here
Member since Jan 2011
58052 posts
 Online 

re: Pfizer earned $3.5 billion on COVID vaccine in first quarter
Not till they run out of people who want it and have to start forcing it to keep the revenue up


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171
The Maj
Alabama Fan
Member since Sep 2016
19197 posts

re: Pfizer earned $3.5 billion on COVID vaccine in first quarter
quote:

Sounds about right. They weren't going to develop a vaccine for free.


Didn't we pay them to develop it?


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181
AuburnTigers
Auburn Fan
Member since Aug 2013
4302 posts

re: Pfizer earned $3.5 billion on COVID vaccine in first quarter
That kids is called financial incentive to release viruses on populations for profit


Jbird
Iowa Fan
In Bidenville with EthanL
Member since Oct 2012
66012 posts

re: Pfizer earned $3.5 billion on COVID vaccine in first quarter
quote:

Is this supposed to be a bad thing?


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21
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Pecker
Tennessee Fan
Rocky Top
Member since May 2015
14829 posts

re: Pfizer earned $3.5 billion on COVID vaccine in first quarter
quote:

The drug company giant said it expects the vaccine to earn about $26 billion in total revenue for 2021
A lot of people made a lot of money off this overblown flu


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241
MrKnowItAll
LSU Fan
Strop City
Member since Mar 2007
2862 posts

re: Pfizer earned $3.5 billion on COVID vaccine in first quarter
What's Fauci cut?


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210
sawtooth
LSU Fan
Baton Rouge
Member since Jul 2017
438 posts

re: Pfizer earned $3.5 billion on COVID vaccine in first quarter
It’s ONLY about the science y’all.


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40
Bulldogblitz
Mississippi St. Fan
In my house
Member since Dec 2018
16996 posts

re: Pfizer earned $3.5 billion on COVID vaccine in first quarter
They made nearly a quarter of their money in the first quarter?

Give fauci a dividend!


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20
squid_hunt
Baton Rouge
Member since Jan 2021
2887 posts

re: Pfizer earned $3.5 billion on COVID vaccine in first quarter
quote:

That kids is called financial incentive to release viruses on populations for profit

Like THAT would ever happen...


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50
Jake88
George Mason Fan
LSU/Saints Fan
Member since Apr 2005
51224 posts
 Online 

re: Pfizer earned $3.5 billion on COVID vaccine in first quarter
That's good for me.

Yall sound like a bunch of leftist socialists from the 1990s.
This post was edited on 5/4 at 9:02 am


Pecker
Tennessee Fan
Rocky Top
Member since May 2015
14829 posts

re: Pfizer earned $3.5 billion on COVID vaccine in first quarter
quote:

They fricking deserve it making a vaccine that quickly

I'm sure it's just an example of the beautiful free market at work


TigahTeeth
LSU Fan
Georgia
Member since Feb 2016
3494 posts

re: Pfizer earned $3.5 billion on COVID vaccine in first quarter
$3.5 Billion on a free vaccine. Wow!


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110
Jbird
Iowa Fan
In Bidenville with EthanL
Member since Oct 2012
66012 posts

re: Pfizer earned $3.5 billion on COVID vaccine in first quarter
quote:

I'm sure it's just an example of the beautiful free market at work


quote:

Unlike several other rival companies that developed COVID-19 vaccines, Pfizer did not use federal funds and said it planned to make a profit. Democratic lawmakers and drug pricing advocates have raised concerns about Pfizer’s decision, arguing it could lead to price-gouging after the initial pandemic period.


quote:

"Based on what we’ve seen, we believe that a durable demand for our COVID-19 vaccine – similar to that of the flu vaccines – is a likely outcome," Bourla said.


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30
The Maj
Alabama Fan
Member since Sep 2016
19197 posts

re: Pfizer earned $3.5 billion on COVID vaccine in first quarter
quote:

I'm sure it's just an example of the beautiful free market at work


Paid for development by the government, then paid for the doses...

USA Today August Article


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