Pfizer Inc is investing more than $2.5 billion at its drug making plants in Belgium and Ireland, gearing up to launch new products it hopes can replace lost revenue as patents expire and COVID-19 vaccine sales decline.
Aims for as many as 19 new medicines over 1-1/2 yearsis investing more than $2.5 billion at its drug making plants in Belgium and Ireland, gearing up to launch new products it hopes can replace lost revenue as patents expire and COVID-19 vaccine sales decline.
The Puurs site has played a key role in the production of COVID-19 vaccine shots Pfizer developed with its German partner BioNTechOutput started there in late 2020 when Europe and the United States began rolling out shots to tackle the pandemic. "If you project out the capacity modeling for these two sites ... you'll find a gap in our ability to serve that . So this is proactive investment," he said on Thursday.
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