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Yesterday, Fierce Pharma ran a story headlined, “Pfizer shares drop 5% with 2026 revenue projection and long-range outlook.” The covid drugmaker’s fortunes are not improving.
The mega-drugmaker told investors yesterday to expect another year of declining revenues, a deplorable financial slide that started in 2024 and will, apparently, continue through 2029. The company blamed falling covid vaccine and Paxlovid sales, as well as several other unrelated drugs that are scheduled to go off patent over the next 36 months or so. Sad!
Remarkably, the company predicted a drop of only -$1.5 billion on its covid vaccine sales, with continued annual revenues of $5 billion. Who are all these people still taking $5 billion worth of shots? Junkies?
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A First Order Analysis says "Ha,ha - foolish Conspiracy Theorist, perhaps this is not the boon to Pfizer you think it is! They are just making modest amounts on the vaccine because the good people at Pfizer just have your good health in mind"
They didn't do the Second or Third Order Analysis.
Almost 400M COVID "Vaccine" doses have been administered, according to CDC. A large percentage of that is by Pfizer.
https://finance.yahoo.com/news/u-administered-379-4-mln-185338633.html
Why HASNT the Smart Money plowed into this stock and sent it's price skyrocketing?