Wall Street: Pfizer and Moderna should brace for cliff in vaccine sales
Pfizer and Moderna could see their profits implode as investors brace for a precipitous drop in vaccine sales. Wall Street analysts believe the writing is on the wall.
Published: September 19, 2021, 9:54 am
The Financial Times reported that revenues from the Covid vaccine dwarfs Pfizer’s other “blockbuster” products that boast annual sales in excess of $1 billion. For 2021, Pfizer expected a profit margin of almost 30 percent from sales of its Covid injections.
But as the number of vaccine injuries continue to rise, the Covid vaccine market is becoming a challenge for pharmaceutical companies. They have now hyped up advertising to entice patients and doctors to take the shot. Both Pfizer and Moderna have hired new staff to promote their products. Last month, Pfizer recruited a salesforce especially to advertise its booster shot while Moderna has expanded its US marketing team.
This will not change the outlook for these companies. Wall Street analysts concur that Big Pharma will have to manage investors’ expectations: An expected huge drop in their share prices as vaccine injuries continue to pile up.
Analysts caution that Pfizer, which is valued at more than $250 billion, will not be able to push their sales pitch beyond 2023 or a third “booster” shot.
Wall Street heavyweight JPMorgan said Pfizer’s Covid vaccine sales were “unlikely to be sustainable anywhere near current levels longer-term”, while SVB Leerink analysts “see limitations in [Pfizer’s] growth prospects due to competitive pressures”.
Damien Conover, director of equity strategy at Morningstar said the vaccine jig was up: “It’s less clear if everyone needs boosters going forward. There’s an important distinction between a third booster and an annual booster.”
According to French news outlet Economiques Alternatives, the manufacturing costs of Pfizer and Moderna vaccines are much lower than their selling price, even though the laboratories have hardly innovated or taken any commercial risks.
Both Pfizer/BioNtech and Moderna, are benefiting from explosive and growing global demand: for 2021, Pfizer expects sales of $26 billion and Moderna of $18 billion.
Forbes has compiled an inventory of the 50 people who have been made billionaires by Covid: in the lead, Ugur Sahin, the founder of BioNtech, with a fortune of $4,2 billion, followed by Stéphane Bancel, the CEO of Moderna, with 4,1 billion, at the same level as Yuan Liping, a 24 percent shareholder in Chinese vaccine producer Shenzhen Kangtai Biological Product after his divorce from the president of the company.
For its part, Oxfam International has immersed itself in company data: 5 billion in profits for Moderna and 4 billion for Pfizer-BioNtech in 2020. But the party seems to be over.
“The flu shot is available every year but only a minority of patients get it,” said Vamil Divan, senior healthcare analyst at Mizuho. “A good percentage of the country isn’t vaccinated yet so when it’s endemic it will be even less. [Sales] won’t be anywhere near what we saw this year.” He expects Pfizer’s Covid vaccine sales to decline to $2 billion by 2024.
Additionally, patents on several of Pfizer’s best-selling medicines are set to expire soon after, also crashing revenues.
For Moderna, the forthcoming revenue implosion will be even more pronounced. Its Covid vaccine is the company’s only approved drug, propelling the company to a $175 billion market capitalisation.
Their other products are even more experimental and untested: “One of their struggles is going to be that investors are going to look for the next big thing,” said Hartaj Singh, senior biotechnology analyst at Oppenheimer. “If their pan-respiratory programme doesn’t start producing some products over the 2024 timeframe, you’re going to start seeing some pain to the share price.”
The FDA’s Vaccines and Related Biological Products Advisory Committee meanwhile voted 16-2 against US President Joe Biden’s proposed general “booster” shot roll-out. At a hearing on Friday, the Food and Drug administration’s (FDA) delivered explosive testimony revealing that “vaccines” were killing more people than saving them while also creating variants.
Dr. Steve Kirsch, director of the Covid-19 Early Treatment Fund and a committee member, did not mince words: “I’m going to focus my remarks today on the elephant in the room that nobody likes to talk about: that the vaccines kill more people than they save.”
Kirsch added: “For example, there are four times as many heart attacks in the treatment group in the Pfizer 6-month trial report. That wasn’t bad luck. VAERS shows heart attacks happened 71 times more often following these vaccines compared to any other vaccine.” Kirsch also pointed out that nursing home death data showed about half the vaccinated died, while none of the unvaccinated died.
“Even if the vaccines had a 100 percent protection, it still means we killed two people to save one life,” He underscored that “vaccines, boosters, and mandates are all nonsensical”.
All rights reserved. You have permission to quote freely from the articles provided that the source (www.freewestmedia.com) is given. Photos may not be used without our consent.
Consider donating to support our work
Help us to produce more articles like this. FreeWestMedia is depending on donations from our readers to keep going. With your help, we expose the mainstream fake news agenda.
Keep your language polite. Readers from many different countries visit and contribute to Free West Media and we must therefore obey the rules in, for example, Germany. Illegal content will be deleted.
If you have been approved to post comments without preview from FWM, you are responsible for violations of any law. This means that FWM may be forced to cooperate with authorities in a possible crime investigation.
If your comments are subject to preview by FWM, please be patient. We continually review comments but depending on the time of day it can take up to several hours before your comment is reviewed.
We reserve the right to delete comments that are offensive, contain slander or foul language, or are irrelevant to the discussion.
Ohio disaster: When hedge funds manage rail traffic
East PalestineAfter the derailment of a freight train loaded with highly toxic chemicals in the US state of Ohio, a devastating environmental catastrophe may now be imminent. The wagons burned for days, and a "controlled" explosion by the authorities released dangerous gases into the environment.
US President Biden orders ‘spy’ balloon to be shot down
WashingtonThe US President gave the order to shoot down China's "spy balloon". The balloon had caused US Secretary of State Blinken to cancel a trip to Beijing. In the meantime, a second balloon was sighted.
US is heading for a financial ‘catastrophe’ US Treasury Secretary warns
WashingtonOn January 19, 2023, the United States hit its debt ceiling of $31.4 trillion. The country faces a recession if it defaults on its debt, the US Treasury Secretary warned in an interview. Her warning underscored the danger of printing money.
Gun violence: More risk in Chicago and Philadelphia than Iraq, Afghanistan
Providence, Rhode IslandA striking statistic: young Americans are several times more likely to be injured by a gun in cities like Chicago and Philadelphia than they are while serving as a soldier in a foreign country.
Elon Musk, the first person in history to destroy $200 billion in a year
Never before in human history has a person lost as much money in one year as Elon Musk did in 2022. The Tesla and Twitter boss lost $200 billion last year. However, with his remaining $137 billion, he is still the second richest person in the world.
Extreme cold and winter storms sweep across US
More than a million households without electricity, thousands of canceled flights, temperatures in the double-digit minus range and already 41 fatalities: The US is being overwhelmed by an enormous cold wave.
Soros sponsors violent leftists and anti-police lobby as US crime surges
WashingtonThe mega-speculator and "philanthropist" George Soros remains true to himself – he has been sponsoring anti-police left-wing groups with billions of dollars.
FTX Founder Sam Bankman-Fried arrested after crypto billions go missing
NassauHe is no longer sitting in his fancy penthouse, but in a cell in the Bahamas: Sam Bankman-Fried (30), founder of the crypto company FTX, is said to be responsible for the theft of 37 billion euros. An interesting fact is that media in the EU have so far kept this crime thriller almost completely secret.
How Twitter helped Biden win the US presidency
WashingtonThe short message service Twitter massively influenced the US presidential election campaign two years ago in favor of the then candidate Joe Biden. The then incumbent Donald Trump ultimately lost the election. Internal e-mails that the new owner, Elon Musk, has now published on the short message service show how censorship worked on Twitter. The 51-year-old called it the “Twitter files”.
Alberta PM suspends cooperation with WEF
EdmontonThe newly elected Premier Danielle Smith of the province of Alberta in Canada has recently made several powerful statements against the globalist foundation World Economic Forum and its leader Klaus Schwab. She has also decided to cancel a strange consulting agreement that WEF had with the state.