• Latest
  • Trending
COVID-19 Vaccine. Image credits - Qimono / Pixabay

COVID-19 vaccine boosters could mean billions for drugmakers

September 26, 2021
Ethiopian airlines flight misses landing as pilots fall asleep mid air

Ethiopian airlines flight misses landing as pilots fall asleep mid air

August 19, 2022
Colombo. Image credits - Jalitha Hewage @_llucifer_ / Unsplash

Land value in Colombo District accelerates in first half of 2022

August 19, 2022
Finnish PM Sanna Marin facing backlash over leaked party footage

Finnish PM Sanna Marin facing backlash over leaked party footage

August 19, 2022
Exchange Rate

Foreign Exchange Rates from Central Bank of Sri Lanka; USD, GBP, EUR, SGD, CAD

August 19, 2022
Emirates

Emirates airline suspends all flights to Nigeria

August 19, 2022
Kim Yo Jong, sister of North Korea's leader Kim Jong Un . Image credits - REUTERS/Jorge Silva/Pool/File Photo

North Korea tells South Korea president to ‘shut his mouth’ after offer of aid

August 19, 2022
Weather. Image credits - Wolfgang Hasselmann @wolfgang_hasselmann / Unsplash

Extreme heat is slamming the world’s three biggest economies all at once

August 19, 2022
Hadi Matar appears in court on charges of attempted murder and assault on author Salman Rushdie, in Mayville, New York, US, August 18, 2022. (Photo: Reuters)

Salman Rushdie attack suspect pleads not guilty to attempted murder, assault

August 19, 2022
Water cut. Image credits - Walter Randlehoff / Unsplash

10-hour water cut in areas of Colombo tomorrow

August 19, 2022
Apple

iOS 15.6.1—Update now warning issued to all iPhone users

August 19, 2022
Electricity

Power cut schedule today in Sri Lanka: 19th August

August 18, 2022
alcohol

Japan urges its young people to drink more to boost economy

August 18, 2022
  • About Us
  • Advertisements
  • Privacy Policy
  • Contact
Saturday, August 20, 2022
No Result
View All Result
NewsIn.Asia
  • Home
  • Around South Asia
    • All
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
    Colombo. Image credits - Jalitha Hewage @_llucifer_ / Unsplash

    Land value in Colombo District accelerates in first half of 2022

    Exchange Rate

    Foreign Exchange Rates from Central Bank of Sri Lanka; USD, GBP, EUR, SGD, CAD

    Water cut. Image credits - Walter Randlehoff / Unsplash

    10-hour water cut in areas of Colombo tomorrow

    Electricity

    Power cut schedule today in Sri Lanka: 19th August

    Subscribe to our Telegram channel for the latest updates from around the world. Image credits - Jinan Times

    Fish tested amid Xiamen covid outbreak in China

    Oil

    Myanmar buys Russian oil as emerging markets take shunned supply

    dollar

    Amnesty period announced to deposit/sell foreign currency in the hands of public

    Veteran journalist Sugeeswara Senadhira appointed Lankan Prime Minister’s Media Advisor

    Veteran journalist Sugeeswara Senadhira appointed Lankan Prime Minister’s Media Advisor

    Austria donates essential medicines to Sri Lanka

    Austria donates essential medicines to Sri Lanka

  • World
    • All
    • Japan
    • Russia
    • United Kingdom
    • United States
    Finnish PM Sanna Marin facing backlash over leaked party footage

    Finnish PM Sanna Marin facing backlash over leaked party footage

    Emirates

    Emirates airline suspends all flights to Nigeria

    Kim Yo Jong, sister of North Korea's leader Kim Jong Un . Image credits - REUTERS/Jorge Silva/Pool/File Photo

    North Korea tells South Korea president to ‘shut his mouth’ after offer of aid

    Weather. Image credits - Wolfgang Hasselmann @wolfgang_hasselmann / Unsplash

    Extreme heat is slamming the world’s three biggest economies all at once

    Hadi Matar appears in court on charges of attempted murder and assault on author Salman Rushdie, in Mayville, New York, US, August 18, 2022. (Photo: Reuters)

    Salman Rushdie attack suspect pleads not guilty to attempted murder, assault

    Apple

    iOS 15.6.1—Update now warning issued to all iPhone users

    alcohol

    Japan urges its young people to drink more to boost economy

    Oil

    Myanmar buys Russian oil as emerging markets take shunned supply

    Inflation

    UK inflation tops 10%, highest since 1982

  • Business
  • Politics
  • Sports
  • Entertainment
    • All
    • Books
    • Gaming
    • Movie
    • Music
    • Series
    Raksha Bandhan to Laal Singh Chaddha: ‘Struggling’ Bollywood’s online hate problem

    Raksha Bandhan to Laal Singh Chaddha: ‘Struggling’ Bollywood’s online hate problem

    Marvel has unleashed the first look teaser of Black Panther 2.

    Black Panther Wakanda Forever: Marvel pays emotional tribute to Chadwick Boseman

    Stranger Things

    Netflix confirms ‘Stranger Things’ spinoff and play

    Kamal Haasan's Vikram is on a rampage.

    Kamal Haasan’s Vikram is the highest-grossing film in Singapore, UK and UAE

    Harry Potter and the Philosopher's Stone

    ‘Harry Potter and the Philosopher’s Stone’ celebrates 25 magical years

    Salman Khan

    Plot to kill Bollywood actor Salman Khan revealed

    Shah Rukh Khan's Jawaan, to be directed by Atlee, to scheduled for June 2023 release. (Photo: Twitter)

    Shah Rukh Khan announces new film ‘Jawaan’

    Chchutir diner Gaan by Bangladeshi singer Nondita

    Chchutir diner Gaan by Bangladeshi singer Nondita

    Song “Bechain Nazar Betaab Jigar”. Talat Mahmood. Film “Yasmin” 1955

    Song “Bechain Nazar Betaab Jigar”. Talat Mahmood. Film “Yasmin” 1955

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Science
    • Travel
    Austria donates essential medicines to Sri Lanka

    Austria donates essential medicines to Sri Lanka

    Digital. Image credits - Scott Graham @homajob / Unsplash

    In remote work and tech companies, job titles have gotten longer – and fancier

    Walk. Image credits - Arek Adeoye @areksan / Unsplash

    Why even 2 minutes of walking after a meal will improve your health

    Cheeseburger. Image credits - Alamy / BBC

    McDonald’s puts up price of cheeseburger for first time in 14 years

    WHO declares rapidly spreading monkeypox outbreak a global health emergency

    WHO declares rapidly spreading monkeypox outbreak a global health emergency

    Sushmita Sen. Image credits - Getty Images

    Sushmita Sen: Why ‘gold digger’ jibe caused outrage

    Honey. Image credits - Mariana Ibanez / Unsplash

    7 unique health benefits of honey

    alcohol

    Alcohol is never healthy for people under 40, study finds

    world’s happiest countries in 2022

    List of world’s happiest countries in 2022

    Emirates

    Emirates statement on operations at London Heathrow

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Tech
    Apple

    iOS 15.6.1—Update now warning issued to all iPhone users

    A view shows a bionic hand developed by COVVI, at Quayside Business Park in Leeds, Britain. (Photo: Reuters)

    Bionic hand can be updated with new gestures, anytime, anywhere

    FILE PHOTO: The Netflix logo is pictured on a television in this illustration photograph taken in Encinitas, California, U.S., January 18, 2017. REUTERS/Mike Blake/File Photo

    Disney overtakes Netflix in race for subscribers

    Samsung unveiled its new Galaxy Z Flip 4 and Z Fold 4 phones on Aug 10, 2022. (Photo: Samsung)

    5 things to know about Samsung’s new Galaxy Z Flip 4 and Galaxy Z Fold 4 foldable smartphones

    Image: WhatsApp

    WhatsApp’s new update makes it easier to avoid your friends

    Snapchat. Image credits - May Gauthier @maygauthier / Unsplash

    Snap launches tools for parents to monitor teens’ contacts

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Coronavirus
  • Videos
  • Home
  • Around South Asia
    • All
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
    Colombo. Image credits - Jalitha Hewage @_llucifer_ / Unsplash

    Land value in Colombo District accelerates in first half of 2022

    Exchange Rate

    Foreign Exchange Rates from Central Bank of Sri Lanka; USD, GBP, EUR, SGD, CAD

    Water cut. Image credits - Walter Randlehoff / Unsplash

    10-hour water cut in areas of Colombo tomorrow

    Electricity

    Power cut schedule today in Sri Lanka: 19th August

    Subscribe to our Telegram channel for the latest updates from around the world. Image credits - Jinan Times

    Fish tested amid Xiamen covid outbreak in China

    Oil

    Myanmar buys Russian oil as emerging markets take shunned supply

    dollar

    Amnesty period announced to deposit/sell foreign currency in the hands of public

    Veteran journalist Sugeeswara Senadhira appointed Lankan Prime Minister’s Media Advisor

    Veteran journalist Sugeeswara Senadhira appointed Lankan Prime Minister’s Media Advisor

    Austria donates essential medicines to Sri Lanka

    Austria donates essential medicines to Sri Lanka

  • World
    • All
    • Japan
    • Russia
    • United Kingdom
    • United States
    Finnish PM Sanna Marin facing backlash over leaked party footage

    Finnish PM Sanna Marin facing backlash over leaked party footage

    Emirates

    Emirates airline suspends all flights to Nigeria

    Kim Yo Jong, sister of North Korea's leader Kim Jong Un . Image credits - REUTERS/Jorge Silva/Pool/File Photo

    North Korea tells South Korea president to ‘shut his mouth’ after offer of aid

    Weather. Image credits - Wolfgang Hasselmann @wolfgang_hasselmann / Unsplash

    Extreme heat is slamming the world’s three biggest economies all at once

    Hadi Matar appears in court on charges of attempted murder and assault on author Salman Rushdie, in Mayville, New York, US, August 18, 2022. (Photo: Reuters)

    Salman Rushdie attack suspect pleads not guilty to attempted murder, assault

    Apple

    iOS 15.6.1—Update now warning issued to all iPhone users

    alcohol

    Japan urges its young people to drink more to boost economy

    Oil

    Myanmar buys Russian oil as emerging markets take shunned supply

    Inflation

    UK inflation tops 10%, highest since 1982

  • Business
  • Politics
  • Sports
  • Entertainment
    • All
    • Books
    • Gaming
    • Movie
    • Music
    • Series
    Raksha Bandhan to Laal Singh Chaddha: ‘Struggling’ Bollywood’s online hate problem

    Raksha Bandhan to Laal Singh Chaddha: ‘Struggling’ Bollywood’s online hate problem

    Marvel has unleashed the first look teaser of Black Panther 2.

    Black Panther Wakanda Forever: Marvel pays emotional tribute to Chadwick Boseman

    Stranger Things

    Netflix confirms ‘Stranger Things’ spinoff and play

    Kamal Haasan's Vikram is on a rampage.

    Kamal Haasan’s Vikram is the highest-grossing film in Singapore, UK and UAE

    Harry Potter and the Philosopher's Stone

    ‘Harry Potter and the Philosopher’s Stone’ celebrates 25 magical years

    Salman Khan

    Plot to kill Bollywood actor Salman Khan revealed

    Shah Rukh Khan's Jawaan, to be directed by Atlee, to scheduled for June 2023 release. (Photo: Twitter)

    Shah Rukh Khan announces new film ‘Jawaan’

    Chchutir diner Gaan by Bangladeshi singer Nondita

    Chchutir diner Gaan by Bangladeshi singer Nondita

    Song “Bechain Nazar Betaab Jigar”. Talat Mahmood. Film “Yasmin” 1955

    Song “Bechain Nazar Betaab Jigar”. Talat Mahmood. Film “Yasmin” 1955

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Science
    • Travel
    Austria donates essential medicines to Sri Lanka

    Austria donates essential medicines to Sri Lanka

    Digital. Image credits - Scott Graham @homajob / Unsplash

    In remote work and tech companies, job titles have gotten longer – and fancier

    Walk. Image credits - Arek Adeoye @areksan / Unsplash

    Why even 2 minutes of walking after a meal will improve your health

    Cheeseburger. Image credits - Alamy / BBC

    McDonald’s puts up price of cheeseburger for first time in 14 years

    WHO declares rapidly spreading monkeypox outbreak a global health emergency

    WHO declares rapidly spreading monkeypox outbreak a global health emergency

    Sushmita Sen. Image credits - Getty Images

    Sushmita Sen: Why ‘gold digger’ jibe caused outrage

    Honey. Image credits - Mariana Ibanez / Unsplash

    7 unique health benefits of honey

    alcohol

    Alcohol is never healthy for people under 40, study finds

    world’s happiest countries in 2022

    List of world’s happiest countries in 2022

    Emirates

    Emirates statement on operations at London Heathrow

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Tech
    Apple

    iOS 15.6.1—Update now warning issued to all iPhone users

    A view shows a bionic hand developed by COVVI, at Quayside Business Park in Leeds, Britain. (Photo: Reuters)

    Bionic hand can be updated with new gestures, anytime, anywhere

    FILE PHOTO: The Netflix logo is pictured on a television in this illustration photograph taken in Encinitas, California, U.S., January 18, 2017. REUTERS/Mike Blake/File Photo

    Disney overtakes Netflix in race for subscribers

    Samsung unveiled its new Galaxy Z Flip 4 and Z Fold 4 phones on Aug 10, 2022. (Photo: Samsung)

    5 things to know about Samsung’s new Galaxy Z Flip 4 and Galaxy Z Fold 4 foldable smartphones

    Image: WhatsApp

    WhatsApp’s new update makes it easier to avoid your friends

    Snapchat. Image credits - May Gauthier @maygauthier / Unsplash

    Snap launches tools for parents to monitor teens’ contacts

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Coronavirus
  • Videos
NewsIn.Asia
No Result
View All Result
Home Around South Asia

COVID-19 vaccine boosters could mean billions for drugmakers

Editor by Editor
September 26, 2021
in Around South Asia, Around The World, Coronavirus, World
Reading Time: 4 mins read
12 0
A A
COVID-19 Vaccine. Image credits - Qimono / Pixabay

COVID-19 Vaccine. Image credits - Qimono / Pixabay

Share on WhatsApp

Sept 26 (AP) – Billions more in profits are at stake for some vaccine makers as the U.S. moves toward dispensing COVID-19 booster shots to shore up Americans’ protection against the virus.

How much the manufacturers stand to gain depends on how big the rollout proves to be.

For similar articles, join our Whatsapp group for the latest updates. – click here

ADVERTISEMENT

U.S. health officials late on Thursday endorsed booster shots of the Pfizer vaccine for all Americans 65 and older — along with tens of millions of younger people who are at higher risk from the coronavirus because of health conditions or their jobs.

Officials described the move as a first step. Boosters will likely be offered even more broadly in the coming weeks or months, including boosters of vaccines made by Moderna and Johnson & Johnson. That, plus continued growth in initial vaccinations, could mean a huge gain in sales and profits for Pfizer and Moderna in particular.

“The opportunity quite frankly is reflective of the billions of people around the world who would need a vaccination and a boost,” Jefferies analyst Michael Yee said.

READ: U.S. approves Pfizer COVID-19 booster for older and at-risk Americans

Wall Street is taking notice. The average forecast among analysts for Moderna’s 2022 revenue has jumped 35% since President Joe Biden laid out his booster plan in mid-August.

Most of the vaccinations so far in the U.S. have come from Pfizer, which developed its shot with Germany’s BioNTech, and Moderna. They have inoculated about 99 million and 68 million people, respectively. Johnson & Johnson is third with about 14 million people.

No one knows yet how many people will get the extra shots. But Morningstar analyst Karen Andersen expects boosters alone to bring in about $26 billion in global sales next year for Pfizer and BioNTech and around $14 billion for Moderna if they are endorsed for nearly all Americans.

Those companies also may gain business from people who got other vaccines initially. In Britain, which plans to offer boosters to everyone over 50 and other vulnerable people, an expert panel has recommended that Pfizer’s shot be the primary choice, with Moderna as the alternative.

Andersen expects Moderna, which has no other products on the market, to generate a roughly $13 billion profit next year from all COVID-19 vaccine sales if boosters are broadly authorized.

Potential vaccine profits are harder to estimate for Pfizer, but company executives have said they expect their pre-tax adjusted profit margin from the vaccine to be in the “high 20s” as a percentage of revenue. That would translate to a profit of around $7 billion next year just from boosters, based on Andersen’s sales prediction.

J&J and Europe’s AstraZeneca have said they don’t intend to profit from their COVID-19 vaccines during the pandemic.

For Pfizer and Moderna, the boosters could be more profitable than the original doses because they won’t come with the research and development costs the companies incurred to get the vaccines on the market in the first place.

WBB Securities CEO Steve Brozak said the booster shots will represent “almost pure profit” compared with the initial doses.

Drugmakers aren’t the only businesses that could see a windfall from delivering boosters. Drugstore chains CVS Health and Walgreens could bring in more than $800 million each in revenue, according to Jeff Jonas, a portfolio manager with Gabelli Funds.

Jonas noted that the drugstores may not face competition from mass vaccination clinics this time around, and the chains are diligent about collecting customer contact information. That makes it easy to invite people back for boosters.

Drugmakers are also developing COVID-19 shots that target certain variants of the virus, and say people might need annual shots like the ones they receive for the flu. All of that could make the vaccines a major recurring source of revenue.

The COVID-19 vaccines have already done much better than their predecessors.

Pfizer said in July it expects revenue from its COVID-19 vaccine to reach $33.5 billion this year, an estimate that could change depending on the impact of boosters or the possible expansion of shots to elementary school children.

That would be more than five times the $5.8 billion racked up last year by the world’s most lucrative vaccine — Pfizer’s Prevnar13, which protects against pneumococcal disease.

It also would dwarf the $19.8 billion brought in last year by AbbVie’s rheumatoid arthritis treatment Humira, widely regarded as the world’s top-selling drug.

This bodes well for future vaccine development, noted Erik Gordon, a business professor at the University of Michigan.

Vaccines normally are nowhere near as profitable as treatments, Gordon said. But the success of the COVID-19 shots could draw more drugmakers and venture capitalists into the field.

“The vaccine business is more attractive, which, for those of us who are going to need vaccines, is good,” Gordon said.

Subscribe to our Whatsapp channel for the latest updates from around the world

Tags: BoosterCovid-19VaccineWorld

Related Posts

Colombo. Image credits - Jalitha Hewage @_llucifer_ / Unsplash
Around South Asia

Land value in Colombo District accelerates in first half of 2022

August 19, 2022
Finnish PM Sanna Marin facing backlash over leaked party footage
Around The World

Finnish PM Sanna Marin facing backlash over leaked party footage

August 19, 2022
Exchange Rate
Around South Asia

Foreign Exchange Rates from Central Bank of Sri Lanka; USD, GBP, EUR, SGD, CAD

August 19, 2022
Emirates
Around The World

Emirates airline suspends all flights to Nigeria

August 19, 2022
Kim Yo Jong, sister of North Korea's leader Kim Jong Un . Image credits - REUTERS/Jorge Silva/Pool/File Photo
Around The World

North Korea tells South Korea president to ‘shut his mouth’ after offer of aid

August 19, 2022
Weather. Image credits - Wolfgang Hasselmann @wolfgang_hasselmann / Unsplash
Around The World

Extreme heat is slamming the world’s three biggest economies all at once

August 19, 2022
  • Electricity

    Power cut schedule today in Sri Lanka: 19th August

    49574 shares
    Share 19843 Tweet 12388
  • Registration open for National Fuel Pass

    6551 shares
    Share 2658 Tweet 1622
  • Foreign Exchange Rates from Central Bank of Sri Lanka; USD, GBP, EUR, SGD, CAD

    1414 shares
    Share 572 Tweet 351
  • WATCH : Yohani’s first live performance in India

    785 shares
    Share 327 Tweet 191
  • Power interruption schedule released: Check your area power cut time

    734 shares
    Share 312 Tweet 176
  • About Us
  • Advertisements
  • Privacy Policy
  • Contact

© 2022 All rights reserved.

No Result
View All Result
  • Home
  • Around South Asia
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
  • Around The World
  • Breaking News
  • Business
    • Exchange
  • Climate Change
  • Governance
    • Crime
    • Diplomacy
    • Defense
    • Human Rights
    • Politics
    • Strategic Affairs
  • Lifestyle
    • Books
    • Entertainment
      • Arts
      • Cinema
      • Gaming
      • Music
      • Movie
      • Series
      • TV
    • Health
    • Fashion
    • Food
    • Travel
  • Culture
    • Ethnicity
    • Gender
  • Development news
  • Economy
  • Education
  • Environment
  • Coronavirus
  • History
  • National
  • Offbeat
    • Media
    • Music and arts across South Asia
  • Recommended
    • Headlines
    • Highlights
    • Top Picture
    • Top Story
  • Religion
  • Science
  • Sports
    • Football
    • Cricket
      • LPL
      • IPL
    • Tennis
    • Formula 1
    • NBA
  • Tech
    • Instagram
  • United Nations
  • Weather
  • World
    • Japan
    • Russia
    • United States
  • Videos

© 2022 All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

mersin eskort - eskisehir escort -

https://www.vudols.com/

- Sağlık Personeli - istanbul avukat