Stock Watch: After The Pandemic, Different Vaccines To The Rescue

Pfizer’s Third-Quarter Results Included Belated Acceptances And Echoes For GSK

 
• By Andy Smith
  
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From the unfavorable comparisons brought about by lower pandemic-related product sales, vaccines for other diseases bring hopes for longer-term success.

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ANDY SMITH OFFERS A LIFE SCIENCE INVESTOR'S PERSPECTIVE ON BIOPHARMA BUSINESS

After falling by 40% in the year to date against the NYSE Arca Pharmaceutical Index’s (DRG’s) flat performance, Pfizer Inc.’s* stock price has been stuck firmly under a cloud. This is because of investors’ pessimistic expectations for its pandemic-related products – antiviral Paxlovid (nirmatrelvir/ritonavir) and COVID-19 vaccine Comirnaty – now the pandemic has ended. Then, two weeks before its third-quarter financial results, Pfizer announced an amendment to the Paxlovid supply agreement with the US government and lowered its full-year 2023 financial guidance.

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