Pfizer Plans For COVID Transition And RSV Vaccine Launch

The COVID-19 vaccine and treatment market is expected to evolve into more a flu-like volume and market in 2023, but will remain a "multi-billion dollar" franchise, Bourla said.

Pfizer sign
Pfizer talked about the future of Comirnaty and Paxlovid during its third quarter call • Source: Shutterstock

Pfizer Inc. is preparing for the transition of its COVID-19 vaccine and treatment business into what will eventually be a more typical flu-like volume, but CEO Albert Bourla said the franchise will remain a "multi-billion dollar" franchise for a number of years.

More from Earnings

Regulatory And Macroeconomic Uncertainty Hang Over Q1 Earnings Season

 

As drugmakers update investors on first quarter financial performance, uncertainty around global trade and US regulatory oversight is likely to dominate discussions.

US Pharma Tariff Reprieve Appears Short-Lived

 

Sector-specific tariffs, including on pharmaceuticals, could be announced as early as this week.

Pharma Exhales, Dodging A Financial Blow With Tariff Exemption

 

Industry lobbied for pharmaceuticals to be exempt from Trump’s sweeping US tariffs and the effort appears to have paid off. J&J, Lilly and Merck & Co. even got shout outs.

Boehringer Still Sees Plenty Of Juice In Jardiance

 
• By 

Strong sales growth for the German group’s SGLT2 inhibitor in 2024

More from Business

Q1 IPOs Rise From Q4, But Unstable Markets Could Slow New Offerings

 
• By 

There were six biopharma initial public offerings on Western stock exchanges, including five in the US, during the first quarter, but plunging stock values could halt further IPOs.

US Pharma Tariff Reprieve Appears Short-Lived

 

Sector-specific tariffs, including on pharmaceuticals, could be announced as early as this week.

GSK Ramps Up Neuroscience Investment With ABL Brain Shuttle Deal

 

The pact could be worth more than $2.6bn and adds to growing big pharma investment in the technology.