Pfizer plans to file for full FDA approval of Covid vaccine on the finish of this month

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A girl holds a small bottle labeled with a “Coronavirus COVID-19 Vaccine” sticker and a medical syringe in entrance of displayed Pfizer brand on this illustration taken, October 30, 2020.

Dado Ruvic | Reuters

Pfizer stated Tuesday it plans to file for full U.S. approval of its Covid-19 vaccine with German drugmaker BioNTech on the finish of this month. If the FDA indicators off, the corporate will have the ability to market the shot on to customers.

In releasing its first-quarter monetary outcomes, the corporate additionally reported $3.5 billion in first-quarter gross sales of its Covid-19 and reported earnings and income that beat Wall Avenue’s expectations.

This is how Pfizer did in contrast with what Wall Avenue anticipated, in accordance with common estimates compiled by Refinitiv:

  • Adjusted EPS: 93 cents per share vs 77 cents anticipated
  • Income: $14.58 billion vs. $13.51 billion anticipated

The corporate now expects full-year gross sales of $26 billion from the vaccine, up from its earlier forecast of about $15 billion.

Shares of Pfizer rose 1.4% after the information.

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