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Fortune
Fortune
Arthur Allen, Kaiser Health News

Pfizer is on the hunt for new blockbuster drugs, backed by its COVID fortune

(Credit: Amir Hamja—Bloomberg/Getty Images)

For drugmaker Pfizer, a fortune amassed in the COVID pandemic is now paving the path to pharma nirvana: a weight loss pill worth billions.

The company has reaped nearly $100 billion from selling COVID-19 vaccines and treatments to U.S. taxpayers and foreign governments. With that windfall, it plans to get richer, sinking the cash into developing and marketing potential blockbusters for conditions like migraines, ulcerative colitis, prostate cancer, sickle cell disease, and obesity.

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