Pfizer rides Paxlovid sales growth to better-than-expected third quarter ...Middle East

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Pfizer rides Paxlovid sales growth to better-than-expected third quarter
A boost from COVID-19 treatment sales helped bush Pfizer to a better-than-expected third quarter and higher forecast for the year. Demand for the drugmaker’s Paxlovid treatment spurred by the latest COVID wave and a U.S. national stockpile delivery led to $2.7 billion in sales for the drug, Pfizer said Tuesday. The company also cited sales growth from several other drugs, as total revenue climbed 31% to $17.7 billion in the recently completed quarter. Adjusted earnings totaled $1.06 per share. Analysts expect earnings of 61 cents per share in the third quarter on $14.92 billion in revenue, according to FactSet. Pfizer shares climbed in early trading. The drugmaker said it made a one-time del

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