Pfizer keeps sales forecast for COVID antiviral pill unchanged
2022.05.03 14:28
Pfizer logo is seen in this illustration taken, May 1, 2022. REUTERS/Dado Ruvic/Illustration
(Reuters) -Pfizer Inc on Tuesday stuck to its annual sales forecasts for its COVID-19 antiviral pill Paxlovid and its vaccines as it faces tepid demand.
The company said it expects $22 billion in Paxlovid sales this year. It also reiterated its forecast of $32 billion in sales from the vaccine it developed with BioNTech.
At the request of the U.S. Securities and Exchange Commission, several drug companies have adjusted their forecasts to include expenses from milestone payments and acquisitions.
The company said it now expects full-year adjusted profit of $6.25 to $6.45 per share, below its prior forecast of $6.35 to $6.55, mostly due to the impact of those expenses.
