Paxlovid sales forecasts may change with Pfizer view on China

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Paxlovid sales forecasts may change with Pfizer view on China
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Clarity from Pfizer Inc this week on whether China's relaxation of its Zero-COVID policy and the surge in infections there will lead to a spike in demand for its antiviral Paxlovid could spur analysts to alter their 2023 sales forecasts for the treatment.

this week on whether China's relaxation of its Zero-COVID policy and the surge in infections there will lead to a spike in demand for its antiviral Paxlovid could spur analysts to alter their 2023 sales forecasts for the treatment.

Their current estimates for over $10 billion in 2023 Paxlovid sales is less than half the $22 billion Pfizer is expected to report for 2022, according to Refinitiv data. Growth in China could help offset expected declines elsewhere as many governments have built inventories of the two-drug treatment.BMO Capital Markets analyst Evan Seigerman has forecast about $8.7 billion in global sales for Paxlovid in 2023, including $1.

Pfizer's tiered pricing structure sets the Paxlovid cost based on a country's economy. The U.S. government, for example, has paid over $500 per course. Media reports suggest that the current price per course in China is 1,890 yuan, or around $280.

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