UPDATE 2-Pfizer swings to quarterly loss due to COVID products write-off

Upworthy

31 Oct 2023 0 shares 1 views

UPDATE 2-Pfizer swings to quarterly loss due to COVID products write-off

UPDATE 2-Pfizer swings to quarterly loss due to COVID products write-off

Upworthy

Published 31 Oct 2023

Pfizer on Tuesday reported its first quarterly loss since 2019, as the U.S. drugmaker recorded $5.6 billion in charges related to its COVID products such as its antiviral treatment Paxlovid and vaccine Comirnaty. Paxlovid sales slumped 97% in the quarter to $202 million, while vaccine revenue came…

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