Pfizer Inc Q1 2022 Earnings Call Summary

The following is excerpted from the question-and-answer section of the transcript.

Question: Kerry Ann Holford - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst : A couple of questions, please. Firstly, on COVID vaccine. I noted in your 10-K that you expect to recognize at least $11.8 billion of revenues in 2023. Should we think about that as a floor for next year based on the contracts you've already signed? And if so, have you signed any further contracts for delivery in 2023 and beyond since you published that 10-K in February? Secondly, on the RSV vaccine, I saw in Slide 36 you're now confirming the Phase 3 data readout for RSV vaccine now in the second half of the year. Does that totally reflect the expansion of the patient population was in the study? Do you need to run into another RSV season? Or are you also evaluating annual RSV vaccinations in this study? And lastly, when do you aim to file and launch that product in the U.S.?

Question: Colin Nigel Bristow - UBS Investment Bank, Research Division - Analyst : And I wanted to say all the best to Frank. So a couple on my side. On the business development front, could you comment on how large a deal you would be willing to consider? And is there a preference for marketed assets or pipeline or some combination of the 2? And then just in terms of disease spaces, yes, I'd be curious to hear how you view the rare disease category as an area of potential business development from here. And then just a quick one on PAXLOVID. I understand your prior comments, but I just want to get a sense here on what is the risk that we end '22, and obviously, the doses have been purchased but are essentially stockpiled or not utilized, which could subsequently impact '23 onwards.