Bulk order affirms Pfizer as prime mover in pandemic fightback
Ahead of the verdict of its medicines regulator, the US government has ordered 10 million doses of Pfizer’s (NYSE: PFE) investigational COVID-19 antiviral Paxlovid (ritonavir).
The deal, which is subject to the medicine’s approval or authorization by the US Food and Drug Administration, will add $5.29 billion to the New York giant’s already swelling coronavirus coffers, extending the firm’s commercial lead in combating the pandemic.
Rival East Coast pharma major Merck & Co (NYSE: PFE) has also submitted its coronavirus antiviral to the US regulator, and has already gained approval in the UK.
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