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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 Powerman
quote:
Is this supposed to be a bad thing?
Not if you like government mandated lockdowns with vaccine requirements for release.
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 8:58 am to Powerman
Not till they run out of people who want it and have to start forcing it to keep the revenue up
Posted on 5/4/21 at 8:59 am to saturday
quote:
Sounds about right. They weren't going to develop a vaccine for free.
Didn't we pay them to develop it?
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 Powerman
quote:
Is this supposed to be a bad thing?
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 AuburnTigers
quote:
That kids is called financial incentive to release viruses on populations for profit
Like THAT would ever happen...
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 9:00 am to tiger1014
quote:I'm sure it's just an example of the beautiful free market at work
They fricking deserve it making a vaccine that quickly
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 9:02 am to Pecker
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.
Posted on 5/4/21 at 9:02 am to Pecker
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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