Pfizer Forecasts Weak 2023 Sales of COVID-19 Products

Pfizer Forecasts Weak 2023 Sales of COVID-19 Products
A person walks past a Pfizer logo in the Manhattan borough of New York on April 1, 2021. Carlo Allegri/Reuters
Reuters
Updated:
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Pfizer Inc. on Tuesday forecast a steeper-than-expected drop in sales of its COVID-19 vaccine and pills in 2023, intensifying investor concerns over demand for the products as governments reduce orders.

The company’s shares fell 3.1 percent to $42.22 before the bell.