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Pfizer CEO on moving beyond COVID vaccines to become a leader in cancer and obesity treatments

  • Pfizer CEO Albert Bourla is shifting focus from COVID vaccines to cancer and obesity treatments amid financial challenges.
  • Expectations for continuing vaccine sales have declined, causing Pfizer's stock to drop to about half its peak value.
  • Bourla's response includes a $3.5 billion cost-cutting initiative and new drug investments for cancer and obesity.
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Pfizer CEO on moving beyond COVID vaccines to become a leader in cancer and obesity treatments

WASHINGTON (AP) — Two years ago, Pfizer was the envy of the pharmaceutical world, with more than $100 billion in annual sales from its COVID-19 vaccine and antiviral Paxlovid. Today, CEO Albert Bourla is trying to turn the page from that success story, which has turned into more of a financial headache for the global […]

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Washington Top News broke the news in Washington, United States on Monday, August 12, 2024.
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