Current Events > Pfizer lost $5.6 billion on their covid medicines the past quarter.

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IdiotMachine 11/02/23 7:58:41 AM #1:	Pfizer said it recorded a $5.6 billion charge for inventory write-offs in the third quarter due to lower-than-expected use of Covid products. Of these previously announced write-offs, $4.7 billion is chalked up to Paxlovid and $900 million is attributed to the company's vaccine. Source: https://www.cnbc.com/amp/2023/10/31/pfizer-pfe-q3-earnings-report-2023.html --- https://i.imgur.com/XNEdLrJ.png <cite>IdiotMachine posted [p:976990298] in Pfizer los... [t:80609315]...</cite> <quote>Pfizer said it recorded a $5.6 billion charge for inventory write-offs in the third quarter due to lower-than-expected use of Covid products. Of these previously announced write-offs, $4.7 billion is chalked up to Paxlovid and $900 million is attributed to the company's vaccine.Source:https://www.cnbc.com/amp/2023/10/31/pfizer-pfe-q3-earnings-report-2023.html </quote> ... Copied to Clipboard!
DnDer 11/02/23 8:05:41 AM #2:	Looks like they lost money taking the drug to private commercial sales, banking on charging more for people willing going to buy it as individuals through insurance, instead of a slightly smaller profit selling it to the government where more people will take the annual vaccine for free because the govt is distributing it. Almost like socializing the vaccine actually generated more revenue than selling it commercially at a higher sticker price. Go figure. --- What has books ever teached us? -- Captain Afrohead Subject-verb agreement. -- t3h 0n3 <cite>DnDer posted [p:976990349] in Pfizer los... [t:80609315]...</cite> <quote>Looks like they lost money taking the drug to private commercial sales, banking on charging more for people willing going to buy it as individuals through insurance, instead of a slightly smaller profit selling it to the government where more people will take the annual vaccine for free because the govt is distributing it.Almost like socializing the vaccine actually generated more revenue than selling it commercially at a higher sticker price.Go figure. </quote> ... Copied to Clipboard!
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Agonized_rufous 11/02/23 8:11:49 AM #4:	How much they make off saving the human race tho --- "All I have is my balls and my word, and I don't break them for anyone!"-Tony Montana <cite>Agonized_rufous posted [p:976990400] in Pfizer los... [t:80609315]...</cite> <quote>How much they make off saving the human race tho </quote> ... Copied to Clipboard!
chaos_knight 11/02/23 8:14:39 AM #5:	COVID vaccine about to be rarer than catching COVID itself. --- Seattle Seahawks Super Bowl XLVIII Champions <cite>chaos_knight posted [p:976990429] in Pfizer los... [t:80609315]...</cite> <quote>COVID vaccine about to be rarer than catching COVID itself. </quote> ... Copied to Clipboard!
Charismic_Zach_Gowen 11/02/23 8:17:36 AM #6:	This is going to embolden anti-vax ghouls --- In Brady We Trust. I've finally realized the secret to making a successful Mearn topic. Make it about CZG - Mearn <cite>Charismic_Zach_Gowen posted [p:976990456] in Pfizer los... [t:80609315]...</cite> <quote>This is going to embolden anti-vax ghouls </quote> ... Copied to Clipboard!
IdiotMachine 11/02/23 8:24:20 AM #7:	DnDer posted... Looks like they lost money taking the drug to private commercial sales, banking on charging more for people willing going to buy it as individuals through insurance, instead of a slightly smaller profit selling it to the government where more people will take the annual vaccine for free because the govt is distributing it. Almost like socializing the vaccine actually generated more revenue than selling it commercially at a higher sticker price. Go figure. How did you come to this conclusion? Because paxlovid came off of government subsidies literally yesterday (i.e., after last quarter). --- https://i.imgur.com/XNEdLrJ.png <cite>IdiotMachine posted [p:976990523] in Pfizer los... [t:80609315]...</cite> <quote>DnDer posted... </cite><quote>Looks like they lost money taking the drug to private commercial sales, banking on charging more for people willing going to buy it as individuals through insurance, instead of a slightly smaller profit selling it to the government where more people will take the annual vaccine for free because the govt is distributing it.Almost like socializing the vaccine actually generated more revenue than selling it commercially at a higher sticker price.Go figure.</quote>How did you come to this conclusion? Because paxlovid came off of government subsidies literally yesterday (i.e., after last quarter). </quote> ... Copied to Clipboard!
IdiotMachine 11/02/23 8:25:50 AM #8:	[LFAQs-redacted-quote] A downplay of real losses if anything, as they wouldnt want to publicize any more losses than they absolutely have to for their quarterly reports (as itll drive down their share price). --- https://i.imgur.com/XNEdLrJ.png <cite>IdiotMachine posted [p:976990538] in Pfizer los... [t:80609315]...</cite> <quote><cite>[LFAQs-redacted-quote]</cite> A downplay of real losses if anything, as they wouldnt want to publicize any more losses than they absolutely have to for their quarterly reports (as itll drive down their share price). </quote> ... Copied to Clipboard!
xsdarknesssx 11/02/23 8:30:08 AM #9:	Not really a loss when the government is for sure going to come in and take care of it... <cite>xsdarknesssx posted [p:976990576] in Pfizer los... [t:80609315]...</cite> <quote>Not really a loss when the government is for sure going to come in and take care of it...</quote> ... Copied to Clipboard!
chaos_knight 11/02/23 8:30:52 AM #10:	xsdarknesssx posted... Not really a loss when the government is for sure going to come in and take care of it... Government stopped doing that a year ago. --- Seattle Seahawks Super Bowl XLVIII Champions <cite>chaos_knight posted [p:976990583] in Pfizer los... [t:80609315]...</cite> <quote>xsdarknesssx posted... </cite><quote>Not really a loss when the government is for sure going to come in and take care of it...</quote>Government stopped doing that a year ago. </quote> ... Copied to Clipboard!
Sexypwnstar 11/02/23 8:40:24 AM #11:	How much did Moderna lose? --- http://i.imgur.com/Su4g5.jpg http://i.imgur.com/21DiJ.jpg <cite>Sexypwnstar posted [p:976990662] in Pfizer los... [t:80609315]...</cite> <quote>How much did Moderna lose? </quote> ... Copied to Clipboard!
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Current Events > Pfizer lost $5.6 billion on their covid medicines the past quarter. (+) Yeah! (+)

Current Events > Pfizer lost $5.6 billion on their covid medicines the past quarter.