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Pfizer Inc. (PFE)

NYSE - Nasdaq Real Time Price. Currency in USD
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43.88-0.18 (-0.40%)
As of 10:42AM EST. Market open.
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    5 Stocks That Moved the Market in January

    January gave investors hope that the bear market is finally ending. The S&P 500 rose 6%, while the tech-heavy Nasdaq jumped more than 10%. A handful of important market trends emerged thanks to evolving risk tolerance and growth expectations.

  • Reuters

    Drug companies face COVID cliff in 2023 as sales set to plummet

    Pharmaceutical companies that made billions from the pandemic over the past two years selling vaccines and treatments are now up against a steep COVID cliff and investor pressure to spend their windfalls wisely. Western drugmakers including Pfizer Inc, BioNTech SE, Moderna Inc, Gilead Sciences Inc, AstraZeneca Plc and Merck & Co are estimated to have brought in about $100 billion in revenue from COVID vaccines and treatments in 2022. Company and analyst estimates suggest those sales could fall by nearly two-thirds this year due to built up product inventories around the world including in the countries that pay the most.

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    FOCUS-Drug companies face COVID cliff in 2023 as sales set to plummet

    Pharmaceutical companies that made billions from the pandemic over the past two years selling vaccines and treatments are now up against a steep COVID cliff and investor pressure to spend their windfalls wisely. Western drugmakers including Pfizer Inc, BioNTech SE , Moderna Inc, Gilead Sciences Inc, AstraZeneca Plc and Merck & Co are estimated to have brought in about $100 billion in revenue from COVID vaccines and treatments in 2022. Company and analyst estimates suggest those sales could fall by nearly two-thirds this year due to built up product inventories around the world including in the countries that pay the most.