CLAIM #48323 · Pfizer Inc (PFE) · 2023Q4 earnings call · Jan 30, 2024 · due Dec 31, 2024
“So we expect that business to continue to face that smaller patient population going forward.”
Aamir Malik · EVP, Chief U.S. Commercial Officer
In context
“quarter by quarter. So you should expect that on the pediatric business. But the pediatric business, otherwise, we're very happy with how our launch is progressing and the growth momentum that we see there. On the adult business, I think it's different in the sense that we have a 96% market share that we closed the adult business with at the end of the year. But it's really important to keep in mind that we are operating in a market where the patient pool is steadily decreasing. There was a big catch-up opportunity versus the prior recommendation, and we've worked through that catch-up opportunity already. So the remaining patients are generally those that are aging into the 65-plus population as well as those with underlying medical conditions, and those are harder to activate patients. So we expect that business to continue to face that smaller patient population going forward. And we also expect competition with V116 emerging that will make the adult market more competitive, but we see a lot of growth potential in the pediatric market. Albert Bourla : Thank you. Alexandre, how was the Prevnar situation in the last quarter or in the year in international markets? Alexandre de Germay: Yes. Louise, good question. As you know, the majority of our ex-U.S. business is driven by tender. And of course, we book the sales when we ship the product. It doesn't reflect utilization. And then the government schedule their campaign in their respective markets. The reality is that we continue to have an IP exclusivity in 130 markets around the world. And at the same time, we continue to progress both on the pediatric, as you saw last week, the CHMP positive opinion, and now we'”
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SEC filings for PFE ↗ · Claim quote is verbatim from the 2023Q4 earnings call.