CLAIM #48356 · Pfizer Inc (PFE) · 2024Q1 earnings call · May 1, 2024 · due Dec 31, 2030
“With the power of our deep expertise, broad and diverse portfolio and global scale, we are confident we are well on our way toward our 2030 goals of doubling the number of patients treated with our innovative cancer medicines; increasing the number of blockbuster medicines in our portfolio from 5 today to 8 or more; and driving an anticipated tenfold increase in the proportion of revenue from biologics.”
Albert Bourla · CEO
How to check this claim
Look at: Number of blockbuster oncology medicines in portfolio (annual sales exceeding blockbuster threshold, as disclosed by company)
It came true if: Number of blockbuster cancer medicines >= 8 by year-end 2030 (up from 5 baseline)
Where: Company disclosures / investor presentations on oncology portfolio (10-K, earnings calls, oncology investor day materials)
In context
“ss of cisplatin eligibility, following FDA approval based on the groundbreaking EV-302 data. We have an increased demand for XTANDI, which continues to be a backbone therapy across the prostate cancer treatment continuum. And we have continued growth from LORBRENA, which could emerge as the potential first-line standard of care in ALK-positive metastatic non-small-cell lung cancer. Earlier this week, we also announced the full FDA approval of TIVDAK to treat recurring or metastatic cervical cancer. TIVDAK is the first antibody-drug conjugate to have positive overall survival data for patients with previously treated recurrent or metastatic cervical cancer. Going forward, we are guided by a strategy focusing on our greatest opportunities to make a difference for patients with cancer. With the power of our deep expertise, broad and diverse portfolio and global scale, we are confident we are well on our way toward our 2030 goals of doubling the number of patients treated with our innovative cancer medicines; increasing the number of blockbuster medicines in our portfolio from 5 today to 8 or more; and driving an anticipated tenfold increase in the proportion of revenue from biologics. This is important because it brings the potential to provide more durable revenue based on several factors, including Inflation Reduction Act considerations and the greater challenges of copying complex biologics. We will look forward to sharing continued updates with you on our progress in accelerating oncology breakthroughs. Now I’'ll turn to our progress with delivering the next wave of pipeline innovation. In Oncology, during the quarter, we had three pivotal Phase III study starts, including the first Phase III trial for our selective CDK4 inhibitor, atirmociclib; our integrin-beta-6-directed ADC, sigvotatug vedotin—; and the fourth Phase III trial for ELREXFIO in multiple myeloma. At the upcoming American Society of Clinical Oncology Annual Meeting, we will present data spannin”
Verify independently
SEC filings for PFE ↗ · Claim quote is verbatim from the 2024Q1 earnings call.