Nobody is getting booster vaccines: Pfizer stock price drops 50% in 2 years

Politics
1

image
image1070Ă—675 55.5 KB

From WSJ

Pfizer PFE -6.72% shares tumbled to their lowest close in more than nine years, after the giant drugmaker overestimated Covid-19 vaccine use and the company was forced to warn about its prospects.

Shares fell 6.7% on Wednesday because the company, which has lost $140 billion in market cap this year, said its revenue could fall next year and issued 2024 guidance below analyst expectations. . . .

.
.

From CNBC

Shares of Pfizer fell Wednesday after the drugmaker forecast 2024 revenue and profit below Wall Street’s expectations, as it sees weak demand for its once-blockbuster Covid products.

Pfizer also raised the target of its sweeping cost-cutting plan by $500 million, bringing the anticipated total to $4 billion.

The company expects 2024 revenue of $58.5 billion to $61.5 billion. Wall Street had anticipated sales of $63.17 billion, . . .

Pfizer also said it anticipates $5 billion in 2024 revenue from its Covid vaccine and $3 billion in sales from its antiviral pill Paxlovid, for a total of $8 billion from Covid products. That’s far less than the $13.8 billion in combined 2024 sales analysts expected. . . .

2 Likes
2

Well, when a so-called vaccine isn’t actually a vaccine And enough people have had Covid 3-4 times and are recovering faster than from the flu, you might have a problem getting people to spend the money on repeated doses of the non-vaccine.

10 Likes
3

Classic easy come… easy go.

3 Likes
4

If they are interested in making what we really need, they could make the medicine like Flonase and antibiotics we have a shortage of because China can’t be trusted to make them. I don’t know if that is possible, but it would be helping us since they got richer on the backs of the taxpayers.

1 Like
5

I am not sure, but I think Pfizer’s area is developing new prescription drugs which is completely different than mass producing generic OTC meds. (There is the guy who invented the lightbulb and then there is the lightbulb factory sorta thing.)

6

I wish i hadn’t even gotten 2 shots of the nonvaccine.

I worry about possible long range effects.

7

Masks don’t do anything but give you a headache from lack of Oxygen…

1 Like
8

Insurance pays for covid boosters, just like the flu shot.

9

You’re wearing a mask right now, aren’t you.

8 Likes
11

LOL
Doesn’t want to get a computer virus maybe?

5 Likes
12

What about those 25/30 million Americans without insurance?

1 Like
13

Covid shots available at no cost regardless of insurance - through a fed program. Flu availible w/o insurance state by state I believe.

14

Based on the numbers in the CNBC article in the OP (2024 projections of $5 billion for boosters and $3 billion for Paxlovid - down from a projection of $13 billion), that must be one expensive vaccine if “no one” is taking it.

15

https://www.cdc.gov/vaccines/programs/bridge/index.html

16

Got mine last month in preparation for flying for the holidays. Something I would recommend for everyone who’s traveling.

2 Likes
17

Last one I got was last year…3 weeks later I had covid.

Not taking it again.

1 Like
18

I got mine about a month ago. I’ve had sarcoidosis affecting the lungs and heart since 2019. I have to be vigilant about vaccinations with anything that could affect the lungs

19

I’m not. I’m proud of you.

20

It won’t prevent you from getting, or spreading COVID, any more than a mask will actually do anything…

3 Likes
21

Ah yes, government cheese for big pharma.