Pfizer CEO Says They Are Two Months Ahead of Schedule on Vaccine Delivery

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  • Bloomberg Quicktake: Now published this video item, entitled “Pfizer CEO Says They Are Two Months Ahead of Schedule on Vaccine Delivery” – below is their description.

    Pfizer Chief Executive Officer Albert Bourla said Friday that the company will expand manufacturing and work with new suppliers to ramp up production of the Covid-19 vaccine it developed with BioNTech SE.

    Appearing at a Pfizer plant in Michigan with President Joe Biden, Bourla said the company will employ additional capacity at its Kalamazoo site to produce the shot’s formulation as well as a component of the vaccine, known as lipids, which help deliver the genetic material into the body. The drug giant also will increase lipid production capabilities at its plant in Groton, Connecticut, and add on so-called fill-finish capacity at its site in McPherson, Kansas.

    He said he expects the number of doses, which average 5 million a week, “to more than double.”

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    BioNTech SE (NASDAQ: BNTX) is a German biotechnology company dedicated to the development and manufacture of active immunotherapies for a patient-specific approach to the treatment of serious diseases.

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    Pfizer Inc. (NYSE: PFE) is an American multinational pharmaceutical corporation headquartered in New York City. In 2012, it was one of the world’s largest pharmaceutical companies and ranked 57 on the 2018 Fortune 500 list of the largest United States corporations by total revenue.

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