Pfizer shares plummet along with demand for Covid drugs ...News

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Pfizer shares plummet along with demand for Covid drugs
The company’s stock has suffered its biggest monthly decline since 2020 as demand wanes for coronavirus products US pharmaceutical giant Pfizer released a disappointing earnings report on Tuesday, with a weaker-than-estimated sales outlook for its Covid-19 drugs. The drugmaker’s stock plunged 14% this month, erasing $40 billion in market value. Pfizer told investors to expect revenue to decline by a third in 2023, as the world emerges from the pandemic, and demand for coronavirus drugs slows. The company’s combined sales from its Covid vaccine and antiviral treatment reportedly generated more revenue last year tha

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