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COVID-19 Vaccine Boosters Could Mean Billions for Drugmakers
Key Excerpts from Article on Website of U.S. News & World Report/Associated Press
Posted: October 4th, 2021
https://www.usnews.com/news/business/articles/2021-09-25/cov...
Billions more in profits are at stake for some vaccine makers as the U.S. moves toward dispensing COVID-19 booster shots to shore up Americans' protection against the virus. The Biden administration last month announced plans to give boosters to nearly everybody. But U.S. regulators have rejected the across-the-board approach and instead said third shots of Pfizer's vaccine should go to people who are 65 and older and certain others at high risk from COVID-19. Still ... some top U.S. health officials expect boosters will be more broadly authorized in the coming weeks or months. And that, plus continued growth in initial vaccinations, could mean a huge gain in sales and profits for Pfizer and Moderna in particular. Wall Street is taking notice. The average forecast among analysts for Moderna’s 2022 revenue has jumped 35% since President Joe Biden laid out his booster plan in mid-August. Most of the vaccinations so far in the U.S. have come from Pfizer, which developed its shot with Germany’s BioNTech, and Moderna. No one knows yet how many people will get the extra shots. But Morningstar analyst Karen Andersen expects boosters alone to bring in about $26 billion in global sales next year for Pfizer and BioNTech and around $14 billion for Moderna if they are endorsed for nearly all Americans. Drugmakers ... say people might need annual shots like the ones they receive for the flu. All of that could make the vaccines a major recurring source of revenue.
Note: Learn lots more about the huge profits of big Pharma from COVID in this revealing article. Listen to first hand tragic stories of those who died or were seriously injured by COVID injections. For more along these lines, see concise summaries of deeply revealing news articles on coronavirus vaccines from reliable major media sources.
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