AstraZeneca Sees Higher 2022 Sales, but Forecasts COVID-19 Shot Revenues to Decline

AstraZeneca Sees Higher 2022 Sales, but Forecasts COVID-19 Shot Revenues to Decline
A dose of the Vaxzevria AstraZeneca vaccine in an undated file photo. Louai Beshara/AFP via Getty Images
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British–Swedish multinational pharmaceutical company AstraZeneca on Thursday forecast higher sales in 2022 after posting a better-than-expected fourth-quarter profit.

But the biotechnology company warned that it expects revenues to decline as sales of its COVID-19 products drop, and that the gross profit margins from those products would be lower than the company average.

Katabella Roberts
Katabella Roberts
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Katabella Roberts is a news writer for The Epoch Times, focusing primarily on the United States, world, and business news.
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