The drugmaker also released on Tuesday an earnings forecast that starts off below analyst expectations as Pfizer begins what company leaders call a transition year for sales tied to the ongoing pandemic, according to AP.
Pfizer expects revenue from both the vaccine Comirnaty and the treatment Paxlovid to tumble next year before starting to rebound. That drop was anticipated by analysts as the drugmaker moves from supplying governments through big contracts to selling both products on the commercial market.
Pfizer said Tuesday that it expects Comirnaty sales to tumble 64% to about $13.5 billion this year. It predicts a 58% drop for Paxlovid to about $8 billion.