Pfizer Empowered To Delivery Vaccine Through Flexible Storage

Pfizer (PFE: NYSE), the company that brought smiles to our faces by bringing the COVID-19 vaccine in the market, is all set to surge the vaccination drive as FDA lifts storage requirements. FDA empowers Pfizer-BioNTech to have enhanced flexible storage and transportation for transporting the vaccine at low temperatures.

This will be an alternative to the conventional storage of the undiluted vials that used to be stored in Stress testing freezers at -80ºC to -60ºC (-112ºF to -76ºF). The conventional method also involved many bottlenecks that include freezer availability, clod chain transportation, etc. As other vaccines don’t need cold chain supply, this FDA decision will act as a catalyst for Pfizer to compete with other suppliers. Moreover, this will also facilitate Pfizer in delivering vaccines to remote areas.

Earlier Pfizer has explained to the FDA that their vaccine is not affected when stored at low freezer temperatures for two weeks. For the storage of doses, the alternative temperature is not required to store vials prior to dilution. Moreover, the thawed vials followed by dilution can be stored for 6 hours.

The Development

Thanks to the development, Pfizer generated a whopping revenue of $154 million in the last quarter of 2020. As per reports, Pfizer is expected to touch the $15 billion vaccine sales in 2021.

Another report mentions that the COVID-19 market would hit $39 billion & $23 billion in 2021 & 2021. The vaccine makers will be watching these trends and are on their heels to grab this opportunity. With FDA bestowing Pfizer to deliver vaccine doses like its competitors are doing, the company to set grab 20% to 25% of the vaccine market in 2022.

Future

As the world is witnessing the second covid wave, Pfizer will knock the wave’s effects and look to surge its growth. Besides the covid vaccine, Pfizer’s revenue from other products, include Prevnar/Prevenar that generated revenue of $1.8 billion, and Vyndaqel/Vyndamax, $429 million, is also expected to enhance as these products are not expected to expiry till 2026.