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Pfizer raises COVID-19 vaccine sales estimate by 29% to $33.5 billion

Pfizer expects revenue from the COVID-19 vaccine, co-developed by BioNTech, will reach $33.5 billion this year — a 29% jump from the previously estimated $26 billion.

Why it matters: This vaccine, which has dramatically slowed the coronavirus pandemic, is on pace to be the world's top-selling drug of all time, by far. And now Pfizer is pushing for people to get a third "booster" shot of its vaccine to combat the growing Delta variant.


By the numbers: Pfizer registered $7.8 billion of COVID-19 vaccine sales in the second quarter, bringing total worldwide sales so far this year to $11.3 billion.

  • Pfizer expects to deliver 2.1 billion doses this year and has the capacity to manufacture 4 billion doses next year, CEO Albert Bourla said on a conference call.
  • The U.S. previously paid $19.50 per dose for the Pfizer-BioNTech vaccine, but Pfizer recently raised the price to the government to $24 per dose.
  • Flashback: Last year, Bourla said the company would not put a "huge price" on the vaccine, "because that's really taking advantage of a situation, and people will not forget if you do that."

Driving the news: Pfizer said it has new data showing a third dose of its vaccine increases antibody levels significantly against the Delta variant.

  • Pfizer has a financial interest in people, especially Americans, getting a third dose, as it would grow revenues even more.
  • However, epidemiologists have pointed out that higher antibody levels do not mean higher protection, and Pfizer's two-dose schedule is already effective against the coronavirus, including the Delta variant.

The big picture: A majority of the Pfizer-BioNTech vaccine has gone to wealthy countries, whose governments pay higher prices for drugs than lower-income countries.

  • Many lower-income countries have started demanding more doses as their coronavirus cases, hospitalizations and deaths rise.
  • "Africa was largely spared by the pandemic in 2020, but not this year. We lack vaccines, and we are gasping for air," Mosoka Fallah, former director-general of the National Public Health Institute of Liberia, said this week.

What to watch: Moderna reports vaccine sales and earnings Aug. 5.

  • Johnson & Johnson said it expects its COVID-19 vaccine will generate $2.5 billion of sales this year.

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New coalition forms to fight Republican legislature in Texas

Texas advocacy and political groups will launch a new coalition Monday to fight Republican efforts to change voting laws in their state and support Texans in need after the pandemic and last winter's paralyzing storm, Axios has learned.

Why it matters: While Democratic lawyers are fighting proposed or enacted changes in voting laws in battleground states, a grassroots response will be critical if the party and its backers hope to have any effects on the 2022 midterms and 2024 presidential election.

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Britain to end mask and distancing requirements on July 19 despite increase in COVID-19 cases

Britain's Prime Minister Boris Johnson on Monday said that England will lift mask requirements and social distancing rules later this month amid rising coronavirus cases, AP reports.

Driving the news: Individuals in England will no longer be required by law to wear face masks in indoor public spaces. Businesses can still require masks and remove distancing restrictions, but Johnson said fighting the pandemic would now be a matter of "personal responsibility," and Britain would have to “learn to live with this virus," per the AP.

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"An Ugly Truth" gives sneak peek as Zuckerberg becomes wartime leader

Mark Zuckerberg surprised a council of top Facebook executives in July 2018 by declaring: "Up until now, I’ve been a peacetime leader ... That’s going to change."

Driving the news: The account appears in a closely held book that'll be out Tuesday, "An Ugly Truth: Inside Facebook’s Battle for Domination," by the N.Y. Times' Sheera Frenkel and Cecilia Kang.

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