Monday, May 10

Pfizer made $ 3.5 billion for the COVID-19 vaccine in the first quarter of 2021

Although Pfizer forecast total earnings of $ 15 billion this year, the proceeds from the vaccine allowed the figure to rise to $ 26 billion.

HEALTH. Pfizer showed encouraging economic numbers / EFE

Pfizer’s revenue from the COVID-19 vaccine was estimated at $ 3.5 billion in the first quarter of the year, the pharmaceutical company announced Tuesday.

The figure, according to the portal The Hill, represents almost a quarter of their total income.

However, the numbers are small compared to the long-term goal that Pfizer set with the doses, estimating that the profits will be around $ 26 billion by the end of the year.

A first forecast from Pfizer determined that profits would be close to $ 15 billion; however, his total revenue in the first three calendar months was $ 14.6 billion.

Unlike other companies that also developed vaccines against the COVID-19 pandemic, Pfizer did not use federal funds and said early on that it planned to make a profit on the doses it sold.

Vaccine increases

The president of the United States, Joe Biden, referred this Monday to the vaccination in the country against the coronavirus and predicted that the situation will be “very different” by the end of summer while doses continue to be administered throughout the nation.

“I’ve worked very hard to make sure we have more than 600 million doses of vaccine,” Biden said, according to The Hill. “We are going to continue to make sure it is available. We are also going to increase that number across the board so that we can also help other nations once we take care of all Americans.

The president also acknowledged that there is a debate about how many people should be vaccinated for collective immunity to be achieved, a fact that his administration hopes to achieve in summer. However, experts point out that it could not be achieved in the estimated time.

“There is a debate about what constitutes herd immunity. It’s 70% of the population, it’s 68%, it’s 81%, ”Biden said. “Right now, everyone 16 and older doesn’t have to wait in line, they can show up and get vaccinated now. My request to all: Get vaccinated now ».

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