Vaccine-maker Pfizer Inc., in a filing to the U.S. Securities Exchange Commission, wrote that its COVID-19 vaccine revenue is down 70 percent in 2023. “Declines largely driven by lower contracted deliveries and demand in international markets and lower U.S. government contracted deliveries, due to transition to new variant vaccines in most markets and the transition […]
European countries will dispose of most of the ordered Pfizer COVID-19 medicine, Paxlovid, due to significant underuse and nearing expiration. This surplus creates a financial strain and has prompted some nations to cancel contracts with the pharmaceutical company.
Legal battles between Pfizer and members of the European Union are heating up. The American drug maker is taking Hungary and Poland to court over those countries’ refusal to pay for millions of COVID-19 vaccine doses. This dispute is also shedding light on broader accusations of a corruption case aimed at the European Union NTD’s […]
Pfizer and its partner BioNTech could be open to lawsuits for including a DNA sequence in their COVID-19 vaccine. The Public Readiness and Emergency Preparedness Act, known as the PREP Act, largely shields COVID-19 vaccine manufacturers from lawsuits, but companies can be sued for “willful misconduct,” which includes acts taken “intentionally to achieve a wrongful […]
Texas Attorney General Ken Paxton on Nov. 30 sued Pfizer, alleging the company misrepresented how efficacious its COVID-19 vaccine was. Pfizer misrepresented the results of a clinical trial run on its COVID-19 vaccine, according to the suit, which was filed in Lubbock County court. “We are pursuing justice for the people of Texas, many of […]
Pharmaceutical giant Moderna shaved off about several billion dollars in total value after rival Pfizer warned that it would slash guidance around its COVID-19 vaccines and other products. Moderna’s stock plunged by $7 billion the the past week, according to a Bloomberg News analysis. While the company did not say it would cut its outlook […]
Amid a decline in COVID-19 vaccinations, shares for two of the top mRNA vaccine manufacturers have dropped considerably this year. Pfizer’s shares are down about 40 percent, and Moderna’s shares are down 55 percent for this year, coming as both companies recently released guidance on revenue projections. Novavax, which makes a COVID-19 vaccine that doesn’t […]
Pharmaceutical giant Pfizer slashed its profit and revenue estimates for a full year as it said that demand for COVID-19 vaccines and other products has dropped. The firm now expects 2023 sales of $58 billion to $61 billion, down from previous forecasts of $67 billion to $70 billion, according to its guidance report that was […]
U.S. drug regulators on Sept. 11 cleared new COVID-19 vaccines to try to counter the poor effectiveness the current slate provide. The U.S. Food and Drug Administration (FDA) cleared shots from Moderna and Pfizer that will be available to Americans as young as 6 months of age later this month. “Vaccination remains critical to public […]
According to two executives at Pfizer Inc., Australia-based staff at the pharmaceutical company were provided with their own separate batch of specially imported COVID-19 vaccines. The executives spoke at a hearing in the Australian Senate, where they were questioned by Queensland Senator Malcolm Roberts. An excerpt from the hearing was subsequently shared by Mr. Roberts […]
Drug maker Pfizer officially confirmed that over 30 of its drugs may see supply disruption after a tornado destroyed a warehouse at its Rocky Mount plant in North Carolina last week. Pfizer’s Rocky Mount facility makes hospital-oriented drugs, such as anesthetics, painkillers, medicines that treat infections, and drugs needed for surgeries. Late last week, the […]
The five largest pharmaceutical companies in the United States netted approximately $81.9 billion last year, according to a new report by Accountable.us, a non-profit organization that documents the activities of special interest groups. Accountable.us compiled Securities and Exchanges Commission (SEC) filings and other financial disclosures from Pfizer, Johnson & Johnson, Merck, AbbVie and Eli Lilly. […]
The U.S. Food and Drug Administration (FDA) indicated it didn’t expect major shortages in drug manufacturing after a tornado hit a Pfizer pharmaceutical plant in North Carolina on Wednesday. “We do not expect there to be any immediate significant impacts on supply given the products are currently at hospitals and in the distribution system,” FDA Commissioner […]
Drugmaker Pfizer Inc. said on Wednesday its plant in Rocky Mount, North Carolina, which is one of the largest sterile injectable product facilities in the world, has suffered heavy damage from a tornado. A company spokesperson in an emailed statement confirmed that the Rocky Mount facility was damaged and the drugmaker was assessing the situation […]
Dominican basketball player Óscar Cabrera Adames, who previously claimed he developed myocarditis after taking the Pfizer vaccine, died suddenly this week while reportedly undergoing an exercise test. The news was revealed by Hector Gomez, a Dominican sports analyst, on Instagram on June 22. According to Gomez, Cabrera suffered a lethal heart attack in a medical […]
The family of a college student who died from heart inflammation caused by Pfizer’s COVID-19 vaccine has sued President Joe Biden’s administration, alleging officials engaged in “willful misconduct.” U.S. Department of Defense (DOD) officials wrongly promoted COVID-19 vaccination by repeatedly claiming the available vaccines were “safe and effective,” relatives of George Watts Jr., the college […]
President Joe Biden cut short his trip to Asia this week to resume discussions about raising the debt ceiling and curbing the threat of an economic crisis. NTD hears from an expert on how a deal could take shape and steps to avoid this recurring problem. Biden’s nominee to head the National Institutes of Health […]
A federal judge in Texas this week ordered the Food and Drug Administration (FDA) to make public data it relied on to license COVID-19 vaccines—Moderna’s for adults and Pfizer’s for children—at an accelerated rate, requiring all documents to be made public by mid-2025 rather than, as the FDA wanted, over the course of around 23.5 […]
The U.S. Food and Drug Administration (FDA) approved the first-ever respiratory syncytial virus (RSV) vaccine for use in adults aged 60 and over on Wednesday. The approval of its drug Arexvy is a major victory for British pharmaceutical giant GlaxoSmithKline (GSK), which has been rushing to get its RSV vaccine out to the market before […]
The highest-ranking prosecutor in Texas is launching an investigation into whether the three top COVID-19 vaccine manufacturers have misled the public. Texas Attorney General Ken Paxton is probing whether Moderna, Pfizer, and Johnson & Johnson misrepresented the efficacy of their COVID-19 vaccines, the Republican announced on May 1. The companies may have violated the Texas Deceptive […]
