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COVID-19 Gives US Biopharma Plenty Of Q1 Cover

 
• By Jessica Merrill

Pfizer, Merck, Eli Lilly and Gilead all benefited from the sale of vaccines and treatments for COVID-19, but the long-term growth prospects remain uncertain, and more so for some than others.

Umbrella Rain

US big biopharma companies reported steady first quarter sales growth, but for several drug makers, sales of COVID-19 vaccines and treatments powered that growth. While the revenue boost is welcomed by investors, uncertainty around the evolving pandemic and the long-term outlook for the franchises means drug makers need to show their core businesses are also on a solid footing.

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