Posted on 08/06/2023 10:32:28 AM PDT by Libloather
Pfizer has lost $88billion in market share and $144billion in value since its market peak in just one year as the drugmaker suffers a major hangover from the success of its COVID vaccine.
The pharmaceutical giant enjoyed a record $100billion in sales last year, powered by its COVID vaccine and drug.
But after becoming the first pharma firm to break the billion-dollar barrier, its performance has fallen off a cliff this year.
The company’s role in alleviating the worst of the pandemic has meant it has become a victim of its own success, as demand for its COVID products dwindles along with serious cases of the virus.
Shares are down 31 percent this year to date, a loss of more than $88billlion in market capitalization.
Pfizer’s valuation has dropped by $144billion since its 2021 peak.
This cycle is not unusual for pharmaceutical giants, which often suffer peaks and troughs when patents for their drugs expire.
Pfizer itself has endured similar sales drops in the past for Viagra and its anti-cholesterol drug Lipitor.
But its current plight has been exacerbated by its decision to slim down and become a growth stock, according to The Wall Street Journal.
The New York-based drugmaker cut back slower-growing businesses that provided steady cash flow prior to the pandemic, instead betting on higher-growth but more volatile prescription drugs.
It paid off handsomely during the pandemic as Pfizer sold billions of the COVID-19 shots it developed alongside Germany’s BioNTech.
Company shares reached a record high of around $61 in December 2021 at the height of the Omicron variant.
(Excerpt) Read more at dailymail.co.uk ...
Big Phamra needs to start lobbying the feds to buy more drugs with taxpayer money.
Nuremberg justice now!
I got the Moderna shots plus a booster. I haven’t suffered any ill effects, but about 7 months after the booster I got what had to be COVID. I was almost incapable of moving for 3-4 days, along with other COVID effects like nausea, loss of taste and blurred vision. I would not get the shots if I had it to do over again.
I just saw an ad on TV this AM by Moderna telling everyone to make sure their Convid-19 vax is current.
A recent pro-vax talking point is: "The vaccine is not meant to prevent Covid, but to lessen its severity if you catch it."
So, according the the vaxers, it would have been worse for you without the vax.
Not that I recommend it. I'm unvaxxed.
Yep they’re still pushing the Trump-rid19 clotshot.
Big Pharma needs to spend a lot of those profits building manufacturing plants in the US.
It couldn’t have anything to do with Dr. Otto letting slip that the Jab’s Spike Protein is cytotoxic, could it?
https://www.coffeeandcovid.com/p/shokin-lives-sunday-august-6-2023
They’ll just have to “contribute” a little more to the politicians who will find a way to increase their valuation.
I’m doing my part — I finished a five-day regiment of Pfizer Paxlovid this morning. I think it helped me get over COVID. It did cause a nasty, metallic taste in my mouth. COVID knocked out my smell and Paxlovid clobbered my taste buds. At least I’m alive.
Gee, that’s a shame. I guess at some point, you run out of morons to infect.
Not a wshame but rationality.
The windfall is over. The share price returns to the market valuation based on current expectations of future earnings.
And of sourse there are always the delusional who draw red and green lines and interpret the future based on flexure of past curves
The fake vax isn’t as popular as it used to be
Biden in July 2021: “You’re not going to get Covid if you have these vaccinations.” I guess Fauci didn't tell Biden that the vax is not to prevent COVID.
Well, in fairness, Biden doesn't know what Fauci told him. Biden doesn't know or remember what anyone tells him.
i have not anymore about the child schedule
are they still trying to sneak the vaxx on there on the qt?
Pfizer should loose everything. As for their execs, they should also loose their heads.
As for Dr Evil, well, special torture should be allocated to him for weeks before he looses his head. And limbs.
Next step, bankruptcy...knock on wood.
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