CLAIM #48326 · Pfizer Inc (PFE) · 2023Q4 earnings call · Jan 30, 2024 · due Dec 31, 2024
“International, both, we expect to see growth because the products have just been launched, and then the recommendations are following.”
Albert Bourla · CEO
In context
“So we feel very good about that entry. Albert Bourla: Thank you, Mikael. So to summarize the Prevnar, which I know it is in the minds of all, let's start with the commercial front. In the U.S., clearly, the adult opportunity, we have taken the cream basically of the catch-up opportunity. This is happening once you are getting a recommendation from CDC for a catch-up. This market, the pool of patients has been largely exhausted. We have already 96% market share of that. So this is not a market, the adult now that we expect that will continuously grow in the U.S. Pediatric, very different story because our market share is now growing, and we have indications that we'll continue growing very strongly. So we expect in the U.S., the Prevnar situation to be a strong growth story in pediatrics. International, both, we expect to see growth because the products have just been launched, and then the recommendations are following. So there is a delay in international higher than usually there is in the U.S. So we expect to see growth in adult and pediatrics. I want to reemphasize that we have basically exclusivity of Prevnar 13 in more than 100 countries, 113 countries in of tenders. And we plan to convert that now to 20. And then on the fourth generation, we are moving full speed. We think that our expertise will allow us to build a polyvalent vaccine that will really compete very, very nicely as a fourth generation and will do that successfully and fast. So that's the story and let's move to the next question, please. Operator: Next, we have a question from Trung Huynh with UBS. Trung Huynh: Trung from UBS. Two, please. So in your prepared remarks, you noted you took a $1.4 billion impairment charge associated wi”
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SEC filings for PFE ↗ · Claim quote is verbatim from the 2023Q4 earnings call.