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Saturday, 10 May 2025
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$71B pharma revenue disappears

Posted 19 April 2024 AM

One Big Pharma saw AU$65 billion in global revenue evaporate last year while combined, the Top 20 pharmas earned $71 billion less than the Top 20 the previous year.

Pfizer saw its revenue plummet by $65 billion (US$41.8 billion) to sell $91 billion(US$58.5 billion) in treatments in 2023. That 41.7 per cent fall from a high of $156 billion (US$100.3 billion) in revenue for 2022 revenue was expected, and directly attributable to the end of the Covid pandemic.

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