Pfizer continues to transition to a strong future with reduced Covid drug sales. The biopharma has a strong lineup of new drugs whether via FDA approval or acquisition. The stock has a large dividend yield of 5.9%.
Pfizer Inc (NYSE:PFE, ETR:PFE) looks set to open higher Monday after it revealed that its late-stage trial for a Respiratory Syncytial Virus (RSV) vaccine showed strong neutralizing responses after a single dose in adults. The Phase 3 study tested Abrysvo against a placebo in people with immunocompromising conditions at risk for severe RSV-related lower respiratory tract disease.
Pfizer Inc. PFE, -0.73% said Monday a substudy of a Phase 3 trial of a treatment for immunocompromised adults aged 18 and older at risk of developing severe respiratory syncytial virus-associated lower respiratory track disease achieved positive safety and immunogenicity results. The trial is evaluating two doses of the drug company's Abrysvo vaccine in treatment adults at increased risk of developing RSV-LTRD, Pfizer said in a statement.
Pfizer said on Monday its respiratory syncytial virus (RSV) vaccine Abrysvo generated a strong immune response in a late-stage study of four groups of adults aged 18 and older with a compromised immune system.
Pfizer posted positive growth during the second quarter, a heartening sign for shareholders. Strong demand for several products beyond its COVID-19 portfolio supports a positive outlook.
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Despite Wall Street's continued conservatism regarding its business prospects, Pfizer beat analysts' expectations for the second quarter of 2024. In addition to the raised full-year 2024 guidance, the company's remaining share repurchase authorization is $3.3 billion. Pfizer's oncology franchise sales reached $3.96 billion in the second quarter of 2024, up 25.6% year-on-year.
Monday, BioNTech SE BNTX reported deeper losses in the second quarter of 2024, with an EPS loss of $(3.62) or (3.36) euros, missing the consensus of (1.89) euros and higher than (79) cents in the second quarter of 2023.
Eli Lilly is a giant in the world of weight loss drugs, generating billions of dollars in revenue. Rival big pharma player Pfizer aims to get in on this major market.
Pfizer (PFE) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.