Open Demo Account
Home / Market Update / Forex Market / Pfizer Expects Coronavirus Vaccine Sales to Exceed $33.5 Billion This Year
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.

Tags

Check Also

Fed Under Pressure to Cut Rates in September as Job Market Cools

June’s jobs report sent a mixed message, with job gains have remained better than expected …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends