Pfizer said it expected about $15bn in revenue in 2021 from the Covid-19 vaccine it developed with BioNTech, a sign of returns to come from the industry’s pandemic response efforts.

The vaccine projection primarily includes doses that are expected to be delivered in 2021 under existing contracts, Pfizer said on Tuesday as it reported fourth-quarter earnings. The forecast may be adjusted in the future as additional contracts are reached...

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