8.5 C
Ireland
Tuesday, January 18, 2022

Pfizer and Moderna predict vaccine sales will double next year

Pharmaceutical companies Pfizer and Moderna have predicted that their vaccine sales will double in the year 2022.

Both companies have projected $93.2 billion in combined sales, nearly twice the amount made in 2021.

-AD-

Health data analytics group Airfinity suggested that both companies will control 75% of the non-Chinese Covid vaccine market in 2022.

Airfinity’s data, which was released to the Financial Times, revealed that Pfizer will sell $54.5 billion worth of Covid vaccines while Moderna will sell $38.7 billion.

Airfinity’s CEO Rasmus Bech Hansen stated, “We expect continued high sales levels in 2022 as countries seek continued protection and low- and middle-income countries seek similar vaccination levels to what many high-income countries have achieved.”

-AD-

Other analysts have challenged the bullish sales for next year but many agree that Pfizer has dominated the Covid-19 vaccine race.

The investment bank has forecasted that BioNTech/Pfizer will generate $39.5 billion in vaccine sales this year but will experience a dramatic $9 billion decrease due to lower prices, less demand in wealthier nations and more competition.

According to Airfinity’s forecasts, Pfizer/BioNTech will generate sales of $31.3 billion and Moderna will generate $17.6 billion this year.

IMAGE – Army Spc. Angel Laureano holds a vial of the COVID-19 vaccine, Walter Reed National Military Medical Center, Bethesda, Md., Dec. 14, 2020. (DoD photo by Lisa Ferdinando)

POPULAR

Teachers’ unions call for traditional State Exams to take place amid criticism over ‘unhelpful’ speculation about hybrid model

The Association of Secondary Teachers in Ireland (ASTI) and the Teachers Union of Ireland (TUI) have called for State Exams to take...

Confrontation and massive consequences amongst warnings from US ahead of talks with Russia over Ukraine

United States Secretary of State Anthony Blinken has warned Russia that "confrontation and massive consequences" await if it continues with its aggression...

Jeffrey Donaldson says DUP on same page as Liz Truss over Northern Ireland Protocol as the UK Foreign Secretary threatens triggering Article 16

Leader of the Democratic Unionist Party (DUP) Jeffrey Donaldson has claimed UK Foreign Secretary Liz Truss is on the same page in...

Mandatory vaccinations to be discussed by NPHET while legal and ethical paper is prepared by Department of Health

The National Public Health Emergency Team (NPHET) will be discussing mandatory vaccinations while the Department of Health prepares a legal and ethical...
Ireland
overcast clouds
8.5 ° C
9.1 °
8.1 °
85 %
5.1kmh
100 %
Tue
9 °
Wed
9 °
Thu
6 °
Fri
6 °
Sat
7 °