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Pfizer
Pfizer

Pfizer Expects Coronavirus Vaccine Sales to Exceed $33.5 Billion This Year

Adel 29 July, 2021 12:27 pm Forex Market, Market Update

US drugmaker Pfizer raised its forecast for sales of its 2021 vaccine against COVID-19 by 29% to $33.5 billion.

The company said it believed people would need a third dose of the vaccine it developed with its German partner BioNTech to maintain a high degree of protection against the virus.

Shares of the company rose more than 3% to $43.57 in afternoon trading on the Wall Street Stock Exchange.

Pfizer said it has shipped more than 1 billion doses of the vaccine since December.

The company expects full-year earnings to range from $3.95 to $4.05 per share, up from its previous forecast of $3.55 to $3.65 per share.

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