Pfizer lifts 2022 forecast for Covid-19 vaccine sales as profits rise ...Middle East

NEW YORK: Pfizer reported higher quarterly profits Tuesday as it lifted its full-year forecast for coronavirus vaccine sales and predicted Covid-19 would yield billions more in revenues for the forseeable future.The big US drugmaker now expects 2022 sales of the Comirnaty Covid-19 vaccine of $34 billion, up $2 billion from the prior outlook.Pfizer maintained its projection of $22 billion in annual sales for its Paxlovid therapeutic for Covid-19.More than two years into the pandemic, Chief Executive Albert Bourla predicted revenues for Covid-19 products would persist even though they are likely to fall from their 2022 levels.“We believe our Covid-19 franchises will remain multi-billion revenu

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