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International Business Times
International Business Times
Business
AFP News

Pfizer Shares Tumble On Disappointing 2024 Profit Outlook

Pfizer Seagen Albert Bourla Covid-19 Pandemic
Pfizer CEO Albert Bourla said the purchse of Seagen would double the company's oncology product pipeline (Credit: AFP)

Pfizer issued a disappointing 2024 forecast Wednesday, denting shares as the company navigates a profound plunge in sales tied to the Covid-19 pandemic.

The company, which reported more than $100 billion in revenue in 2022 due to the lift from Covid-19 vaccine and therapeutic sales, sees 2024 revenues of between $58.5 billion and $61.5 billion, according to its presentation.

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