{"id":147112,"date":"2022-02-26T15:13:18","date_gmt":"2022-02-26T19:13:18","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=147112"},"modified":"2022-02-26T15:13:18","modified_gmt":"2022-02-26T19:13:18","slug":"pfizer-forecasts-98-billion-to-102-billion-in-sales-for-2022","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/pfizer-forecasts-98-billion-to-102-billion-in-sales-for-2022\/","title":{"rendered":"Pfizer forecasts $98 billion to $102 billion in sales for 2022"},"content":{"rendered":"
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Pfizer<\/a>\u00a0projects it will generate record-high revenue in 2022, saying Tuesday it expects to sell $32 billion of its Covid-19 shots and $22 billion of its antiviral coronavirus treatment pill Paxlovid this year.<\/p>

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Pfizer CEO Albert Bourla said sales of Paxlovid could be higher than the company\u2019s guidance, but the expectations are based on deals signed or close to being signed. Angela Hwang, head of biopharmaceuticals, said Pfizer is an active discussions with over 100 countries around the world on Paxlovid.<\/p>\n

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Pfizer\u2019s miss on revenue was driven by lackluster sales in its internal medicine and hospital segments. Fourth-quarter internal medicine sales fell 3% year-over-year to $2.24 billion, while hospital sales were largely flat at $1.88 billion. Pfizer\u2019s oncology sales expanded 7% to $3.24 billion compared with the year-earlier period.<\/p>

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However, Pfizer\u2019s fourth-quarter revenue more than doubled overall to $23.84 billion year-over-year, driven by $12.5 billion in sales of its Covid vaccine.\u00a0<\/strong>The company\u2019s antiviral pill that fights Covid, Paxlovid, contributed $76 million in U.S. sales during the fourth quarter. The Food and Drug Administration gave the pill emergency approval in December.<\/p>

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On an unadjusted basis, Pfizer\u2019s fourth-quarter profit increased more than fourfold to $3.39 billion from $847 million during the same three months in 2020. Pfizer expects $98 billion to $102 billion in sales for 2022, and adjusted earnings per share of $6.35 to $6.55.<\/p>\n

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Bourla said the company plans to aggressively expand the use of the Covid vaccine\u2019s underlying technology, messenger RNA, to treat rare genetic diseases of the liver, muscle and central nervous system through a collaboration with\u00a0Beam Therapeutics<\/a>. Bourla said the company also hopes to reduce the time to produce new vaccines from three months to two months as it explores automated solutions to produce mRNA in collaboration with\u00a0Codex DNA<\/a>. Pfizer is also developing a shingles vaccine with BioNTech.<\/div>\n
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Source\u00a0CNBC<\/a><\/strong><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n
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Pfizer\u00a0projects it will generate record-high revenue in 2022, saying Tuesday it expects to sell $32 billion of its Covid-19 shots and $22 billion of its antiviral coronavirus treatment pill Paxlovid this year. 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