Mene Pangalos (AstraZeneca via YouTube)

As­traZeneca ex­pects 'mod­est prof­itabil­i­ty' for next round of Covid-19 vac­cine sup­ply deals — and prunes pipeline in Q3 up­date

Hav­ing sent 1.5 bil­lion Covid-19 vac­cines around the world on a not-for-prof­it ba­sis, As­traZeneca says it’s time to move in­to “mod­est prof­itabil­i­ty.”

While the pri­or­i­ty is to de­liv­er all the “pan­dem­ic dos­es” — a to­tal of 3 bil­lion are set to be de­liv­ered by the end of the year — As­traZeneca ex­pects to be tak­ing new or­ders in Q4, lead­ing to a blend in sales.

“Don’t ex­pect mas­sive prof­itabil­i­ty, which is some­times the case for oth­er vac­cine mak­ers,” Ru­ud Dob­ber, head of the bio­phar­ma­ceu­ti­cals busi­ness unit, told End­points News.

Endpoints News

Unlock this article instantly by becoming a free subscriber.

You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.