5/4, 5:09 PM (Source: TeleTrader)
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Chart for: Pfizer Inc

Pfizer CEO expects vaccine will be required yearly

The chief executive officer of drugmaker Pfizer, Albert Bourla, said on Tuesday that he expects the company's coronavirus vaccine will be required on an annual basis.

"There will be a need for boosters," Bourla said during an earnings call after Pfizer released its earnings report. "Based on what we've seen, we believe that a durable demand for our COVID-19 vaccine, similar to that of the flu vaccines, is a likely outcome," he explained.

Earlier, Pfizer said it expects to make $26 billion from sales of its coronavirus shot this year.

Breaking the News / JC