According to a third-quarter earnings report, Pfizer’s vaccine business contributed nearly 14% to its total revenue.
Pfizer announced on Oct. 27, 2015 that compared with third-quarter earnings in 2014, revenues from its vaccine business increased by nearly 43%, and revenues specifically in the United States increased 78%, which the company said was driven by continued strong uptake of Prevnar 13 (pneumococcal 13-valent vaccine) among adults. Notably, global revenues in their oncology division increased by 54% operationally, which the company said was primarily driven by sales of their drug Ibrance (palbociclib) for the treatment of advanced breast cancer.
Although the company reported an increase in R&D expenses-primarily as a result of increased spending associated with its anti-PD-L1 alliance with Merck KGaA-the R&D spend increase was partially offset by lower clinical trial spending for certain vaccine programs.
The company also recently completed its acquisition of GlaxoSmithKline’s quadrivalent meningococcal ACWY conjugate vaccines-Nimenrix and Mencevax-for approximately $130 million, but the company said it did not expect the acquisition to significantly affect its 2015 financial performance.
Source: Pfizer
Drug Solutions Podcast: Applying Appropriate Analytics to Drug Development
March 26th 2024In this episode of the Drug Solutions Podcast, Jan Bekker, Vice President of Business Development, Commercial and Technical Operations at BioCina, discusses the latest analytical tools and their applications in the drug development market.