Pharmaceutical company Pfizer released its quarterly earnings report on Tuesday, delivering better-than-expected results with strong sales of its antiviral drug Paxlovid and the company’s vaccine for the CCP (Chinese Communist Party) virus.
In the recent financial quarter, Pfizer reported net income of $7.864 billion, almost $3 billion higher than net income for the previous quarter ($4.877 billion). These numbers were bolstered by revenue from the company’s CCP virus vaccine Comirnaty, revenue from which grew from $3.2 billion to $13.2 billion, and by Paxlovid, revenue from which grew to $1.5 billion.
“We continue to supply the world with Comirnaty, which remains a critical tool for helping patients and societies avoid the worst impacts of the COVID-19 pandemic, and we are on track to fulfill our commitment to deliver at least 2 billion doses to low- and middle-income countries in 2021 and 2022, including at least 1 billion doses this year,” said Pfizer CEO Albert Bourla in a statement.
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