Pfizer has achieved significant regulatory milestones for its vaccine portfolio, with Singapore becoming the first Southeast Asian nation to approve the pharmaceutical giant’s updated COVID-19 vaccine. In a separate development, Canadian health authorities have expanded the usage authorization for Pfizer’s respiratory syncytial virus (RSV) vaccine. These regulatory successes arrive as the company navigates patent expirations and mounting legal pressures.
Expanded Vaccine Authorization in Canada
Earlier this week, Pfizer Canada announced that Health Canada has broadened the approval for ABRYSVO®, the company’s RSV vaccine. The regulatory body now permits vaccination for adults aged 18 to 59 who face elevated risks for respiratory illnesses. This expansion complements existing approvals for adults over 60 and for protecting infants through maternal immunization.
Singapore Creates Strategic Foothold for Updated COVID-19 Vaccine
On Friday, Pfizer and its partner BioNTech revealed a crucial regulatory breakthrough. Singapore’s health authority granted approval for their LP.8.1-adapted COVID-19 vaccine, making it available to individuals six months and older. As the initial Southeast Asian country to authorize this updated formulation, Singapore establishes a strategic gateway for Pfizer’s latest vaccine generation within an important growth region. The vaccine is expected to become available during October.
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Legal Challenges and Financial Pressures Persist
Despite these regulatory achievements, Pfizer confronts substantial headwinds. New litigation in Florida alleges that the contraceptive medication Depo-Provera causes brain tumors, claiming the corporation provided insufficient risk warnings. This growing class action lawsuit presents additional pressure on the company’s stock performance.
These regulatory approvals emerge at a critical juncture for Pfizer, which continues to manage declining revenue from COVID-19 products following the pandemic peak. Simultaneously, the pharmaceutical company must prepare for significant patent expirations scheduled between 2026 and 2028.
Market Anticipates Third Quarter Results
Investor attention now turns to November 4, when Pfizer will disclose its third-quarter financial results. This announcement represents a pivotal moment for the stock’s future trajectory. Market analysts currently maintain a predominantly cautious stance, with most recommending a “Hold” position on the shares. The attractive dividend yield and established market presence counterbalance concerns about patent cliffs and diminishing COVID-related revenue streams.
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