Pfizer sees Covid-19 as ‘durable’ revenue stream as profits rise

Pfizer sharply increased its 2021 profit projections on Tuesday, citing much higher Covid-19 vaccine sales which are on track to provide a “durable” revenue stream in the wake of the pandemic.

Pfizer, which says it is on the cusp of winning US approval for individuals 12 to 15 years old to receive its vaccine, is holding talks with “basically all governments of the world” about providing booster shots through 2024, Chief Executive Albert Bourla told analysts on a conference call Tuesday.

Bourla expects “durable demand” for Covid-19 vaccines, similar to that of the flu vaccine.

Yahoo Pfizer sees Covid-19 as ‘durable’ revenue stream as profits rise