Pfizer cash cow is running out of milk

[Old4eyes]

Oct 13 (Reuters) - Pfizer (PFE.N) on Friday slashed its full-year revenue forecast by 13% and said it will cut $3.5 billion worth of jobs and expenses due to lower-than-expected sales of its COVID-19 vaccine and treatment.

[MJB]

About time people wake up

[Dan_Eastvale]

They, and other Pharma companies, weren't doing well before COVID? They were ripping off the public with ridiculously high drug cost.

So now they have to return those levels. Oh boohoo.

[LBDamned]

There are other 'new shiny things' being dangled these days...

Vax is so last week

[M76]

so that's why they have travis swift promoting their product...

[Beelzy]

so that's why they have travis swift promoting their product...

Yep, they now have to push harder on their primary target audience....imbeciles.

[StuckInTheP.R.O.Ca]

Maybe if they offer some free pot or french fries again business will pick up.

[AtomicOrange]

Yeah, and PFE is now near a 52-week low and lost 46% of its value since the peak in December 2021.

[Old4eyes]

Pfizer was selling Paxlovid to the Feds for $529 and will charge insurance companies $1390 in 2024.

I guess you can chalk that up to volume discounts. That or the FDA / CDC kickbacks were so expensive they have to recoup their costs via the private sector.

[Dave Hill]

Triple up on the boosters. Remember Tv watchers, a jab a day keeps the cv19 away.