https://www.thegatewaypundit.com/20...ssive-quarterly-loss-covid-vaccines-paxlovid/
Pfizer Suffers Massive Quarterly Loss as COVID Vaccines and Paxlovid Doses Are Returned
by
Johnathan Jones, The Western Journal Nov. 1, 2023 10:15 am
Pfizer reported a third-quarter loss during Tuesday’s earnings call as the demand for its COVID-19 vaccines and one popular antiviral medication to treat the virus decreased substantially, according to
CNBC.
The pharmaceutical giant
announced it recorded a write-off of $5.6 billion due to the drug Paxlovid and
its vaccine, Comirnaty.
Paxlovid lost the company $4.7 billion, while the mRNA vaccine was responsible for $900 million in losses.
The
company reported a quarterly revenue of $13.2 billion, which was down 42 percent from 2022’s second quarter.