* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, September 30, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    The Police Made Chart History With This 1979 Hit Nearly 50 Years Ago – Yahoo

    How The Police Changed Music Forever with Their Iconic 1979 Hit Nearly 50 Years Ago

    Good Deed Entertainment Acquires Worldwide Rights To Liza Mandelup’s Documentary ‘Caterpillar’ – Deadline

    Good Deed Entertainment Lands Global Rights to Liza Mandelup’s Captivating Documentary ‘Caterpillar

    Danielle Fishel Explains Why Being on “DWTS” Makes Her Feel ‘Like It’s 1994 Again’ Filming “Boy Meets World” (Exclusive) – Yahoo

    Danielle Fishel Explains Why Being on “DWTS” Makes Her Feel ‘Like It’s 1994 Again’ Filming “Boy Meets World” (Exclusive) – Yahoo

    Jussie Smollett Claims He Was ‘Disrespected’ on the ‘Special Forces’ Season Premiere – Yahoo

    Jussie Smollett Opens Up About Feeling ‘Disrespected’ During the ‘Special Forces’ Season Premiere

    TicketSmarter Fall Entertainment Guide – Eastern Illinois University Athletics

    TicketSmarter Fall Entertainment Guide – Eastern Illinois University Athletics

    Cardi B Adds More Dates to Little Miss Drama Tour: ‘Y’all Making Me Work’ – Yahoo

    Cardi B Extends Little Miss Drama Tour: “Y’all Making Me Work

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

    Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

    Four Strategic Signals Technology Leaders Are Tuning In To – SPONSOR CONTENT FROM ARM – Harvard Business Review

    Four Essential Strategic Signals Every Technology Leader Should Watch

    Virginia Tech hosts annual New Music + Technology Festival this week – Cardinal News

    Virginia Tech Kicks Off Exciting Annual New Music and Technology Festival This Week

    Why I gave the world wide web away for free | Tim Berners-Lee – The Guardian

    Why I Decided to Make the World Wide Web Free for Everyone | Tim Berners-Lee

    From shale to steam: Fossil fuel technology boosts clean geothermal energy – Washington Examiner

    From Shale to Steam: How Fossil Fuel Technology is Powering a Clean Geothermal Energy Revolution

    How Sustainable Technology is Shaping a Greener Future – Technology Magazine

    How Sustainable Technology is Driving the Revolution Toward a Greener Future

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    The Police Made Chart History With This 1979 Hit Nearly 50 Years Ago – Yahoo

    How The Police Changed Music Forever with Their Iconic 1979 Hit Nearly 50 Years Ago

    Good Deed Entertainment Acquires Worldwide Rights To Liza Mandelup’s Documentary ‘Caterpillar’ – Deadline

    Good Deed Entertainment Lands Global Rights to Liza Mandelup’s Captivating Documentary ‘Caterpillar

    Danielle Fishel Explains Why Being on “DWTS” Makes Her Feel ‘Like It’s 1994 Again’ Filming “Boy Meets World” (Exclusive) – Yahoo

    Danielle Fishel Explains Why Being on “DWTS” Makes Her Feel ‘Like It’s 1994 Again’ Filming “Boy Meets World” (Exclusive) – Yahoo

    Jussie Smollett Claims He Was ‘Disrespected’ on the ‘Special Forces’ Season Premiere – Yahoo

    Jussie Smollett Opens Up About Feeling ‘Disrespected’ During the ‘Special Forces’ Season Premiere

    TicketSmarter Fall Entertainment Guide – Eastern Illinois University Athletics

    TicketSmarter Fall Entertainment Guide – Eastern Illinois University Athletics

    Cardi B Adds More Dates to Little Miss Drama Tour: ‘Y’all Making Me Work’ – Yahoo

    Cardi B Extends Little Miss Drama Tour: “Y’all Making Me Work

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

    Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

    Four Strategic Signals Technology Leaders Are Tuning In To – SPONSOR CONTENT FROM ARM – Harvard Business Review

    Four Essential Strategic Signals Every Technology Leader Should Watch

    Virginia Tech hosts annual New Music + Technology Festival this week – Cardinal News

    Virginia Tech Kicks Off Exciting Annual New Music and Technology Festival This Week

    Why I gave the world wide web away for free | Tim Berners-Lee – The Guardian

    Why I Decided to Make the World Wide Web Free for Everyone | Tim Berners-Lee

    From shale to steam: Fossil fuel technology boosts clean geothermal energy – Washington Examiner

    From Shale to Steam: How Fossil Fuel Technology is Powering a Clean Geothermal Energy Revolution

    How Sustainable Technology is Shaping a Greener Future – Technology Magazine

    How Sustainable Technology is Driving the Revolution Toward a Greener Future

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home General

Pfizer, BioNTech shares fall on lower COVID product sales forecast

October 17, 2023
in General
Pfizer, BioNTech shares fall on lower COVID product sales forecast
Share on FacebookShare on Twitter

COVID-19 vaccination at the Institute for Health and Food Safety of Zenica

A vial of Biontech-Pfizer’s Comirnaty vaccine against COVID-19 and syringes are seen during vaccination at the Institute for Health and Food Safety of Zenica, Bosnia and Herzegovina, December 16, 2021. REUTERS/Dado Ruvic/File photo Acquire Licensing Rights

Oct 16 (Reuters) – Pfizer (PFE.N) set off a fresh round of concern about the size of the U.S. COVID-19 vaccine and treatment market in the long term, driving down shares on Monday of its German partner BioNTech (22UAy.DE) and smaller rival Moderna (MRNA.O).

Vaccine makers are depending on the U.S. market as many countries have more limited yearly campaigns for giving updated shots. For BioNTech, Moderna, and Novavax (NVAX.O), COVID vaccines remain their only approved products.

BioNTech shares dropped 7.2% in Frankfurt trading while Moderna was down 5% and shares of Novavax (NVAX.O), whose new shot is only approved in the U.S., were off 7% in New York.

Shares of Pfizer were up nearly 5%, however, buoyed by a $3.5 billion cost-cutting plan the drugmaker announced late on Friday alongside its new COVID sales outlook.

Pfizer reduced its full-year forecast for sales of its antiviral COVID treatment Paxlovid by about $7 billion, and for the vaccine it developed with BioNTech by about $2 billion due to a plunge in use of pandemic-related products. It said it would make cuts this year and next and take a write-down.

On an early Monday call with analysts, Pfizer CEO Albert Bourla said he expects around 17% of the U.S. population will get updated COVID shots during the current vaccination campaign, in line with last year, but far below rates seen when vaccines first emerged in the spring of 2021.

Going forward, Bourla said the company expects this year’s demand to be the base rate but it was still watching the current campaign to be sure.

The U.S. is “in the middle of COVID fatigue, where everyone wants to forget about the disease,” he said.

Moderna, in a statement on Monday, maintained its current revenue forecast of $6 billion to $8 billion for its COVID vaccine for 2023.

Leerink analyst Mani Foroohar, who has an “underperform” rating on Moderna, said it is difficult to have confidence in the company’s market forecast given the pace of vaccinations. So far this fall, about 7 million of the updated COVID shots have been given in the U.S.

Foroohar said he is concerned with Moderna’s rate of spending and that the drugmaker is at risk of ending this year with less than $10 billion of cash on its balance sheet, adding that it may need to increase cost cutting.

Jefferies analyst Michael Yee said Pfizer’s new COVID outlook implies lower vaccine sales for Moderna than it had forecast.

Moderna was not immediately available for comment.

BioNTech, which relies on vaccine-related profit-sharing payments from Pfizer for much of its revenue, said it would take a write-down of up to 900 million euros ($947 million), the same size charge Pfizer announced for it on Friday.

BioNTech added that it had been told by Pfizer that most of the write-offs relate to raw materials, as well as to inventories of vaccine versions that are older or different from the updated one currently in use.

Pfizer’s total non-cash charge of $5.5 billion in the third quarter also includes $4.6 billion in inventory write-offs for its antiviral Paxlovid.

A BioNTech spokesperson on Monday declined to comment on the company’s current 2023 outlook. It reports earning on Nov. 6.

Pfizer’s shares, which are down about 37% this year, trade at 9.8 times their 12-month forward earnings estimate, while BioNTech trades at 26.7, according to LSEG data.

($1=0.9498 euro)

Reporting by Ludwig Burger and Rachel More in Frankfurt, Michael Erman in New York, and Bhanvi Satija and Manas Mishra in Bengaluru; Editing by Jonathan Oatis, Caroline Humer and Bill Berkrot

Our Standards: The Thomson Reuters Trust Principles.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Reuters – https://www.reuters.com/business/healthcare-pharmaceuticals/biontech-will-likely-take-900-mln-eur-write-off-pfizer-partnered-vaccines-2023-10-16/

Previous Post

Twitch Stories Will Allow Streamers to Share Quick Instagram-like Posts With Followers

Next Post

Novo Nordisk in $1.3 bln deal to buy hypertension drug

Microplastics and invasive crayfish: emerging interactions and ecological implications from three coexisting species in a subalpine lake – Nature

Uncovering the Hidden Impact: How Microplastics and Invasive Crayfish Interact in a Subalpine Lake Ecosystem

September 30, 2025
Scientists Warn: Bottled Water May Pose Serious Long-Term Health Risks – SciTechDaily

Scientists Reveal Shocking Long-Term Health Risks of Bottled Water

September 30, 2025
You Can Trigger ‘Time Expansion’—Meaning You Can Stretch Seconds and Warp Reality, Scientists Say – Popular Mechanics

Unlock the Secret to Stretching Seconds and Bending Reality: Scientists Reveal How to Trigger ‘Time Expansion

September 30, 2025
Roiserv Lifestyle Services Announces Key Corporate Changes at Upcoming EGM – TipRanks

Roiserv Lifestyle Services Announces Exciting Corporate Overhaul Ahead of Key EGM

September 30, 2025
Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

September 30, 2025
Tim and Anita Schoen Endow Sport Psychology Program Director Position – Notre Dame Athletics

Tim and Anita Schoen Endow Sport Psychology Program Director Position – Notre Dame Athletics

September 30, 2025
Dodgers feel an urgency to deliver another World Series title to L.A. – Los Angeles Times

Dodgers Fueled by Determination to Bring Another World Series Title to L.A

September 30, 2025
City of Malibu Eases Event and Sign Permitting Requirements to Support Post-Fire Economic Recovery – City of Malibu

Malibu Simplifies Event and Sign Permitting to Boost Post-Fire Economic Recovery

September 30, 2025
The Police Made Chart History With This 1979 Hit Nearly 50 Years Ago – Yahoo

How The Police Changed Music Forever with Their Iconic 1979 Hit Nearly 50 Years Ago

September 30, 2025
WISD weighs in on Michigan Board of Education’s proposed health education changes – WEMU

WISD Takes Action on Proposed Changes to Michigan’s Health Education Standards

September 30, 2025

Categories

Archives

September 2025
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
2930  
« Aug    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (844)
  • Economy (865)
  • Entertainment (21,739)
  • General (17,331)
  • Health (9,908)
  • Lifestyle (878)
  • News (22,149)
  • People (867)
  • Politics (875)
  • Science (16,075)
  • Sports (21,365)
  • Technology (15,848)
  • World (847)

Recent News

Microplastics and invasive crayfish: emerging interactions and ecological implications from three coexisting species in a subalpine lake – Nature

Uncovering the Hidden Impact: How Microplastics and Invasive Crayfish Interact in a Subalpine Lake Ecosystem

September 30, 2025
Scientists Warn: Bottled Water May Pose Serious Long-Term Health Risks – SciTechDaily

Scientists Reveal Shocking Long-Term Health Risks of Bottled Water

September 30, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version