Pfizer expects revenue to drop by as much as a third in 2023 as demand for Covid-19 products continues to slump
Pfizer Inc. expects revenue to drop by as much as a third in 2023 as demand fordeclines and countries adjust to a new phase of managing the virus.
Pfizer is projecting revenue this year of between $67 billion and $71 billion, falling from last year’s , a record high for the company, the New York-based drug company said Tuesday. Stripping out Covid-19 products, Pfizer expects its 2023 revenue to grow 7% to 9%.
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