Pfizer Inc. - Revision history

>Zongtai S: Catalysts part uploaded

2023-08-21T11:27:32Z

Catalysts part uploaded

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 |Risks to products, patents and other IP including, claims of invalidity, patent infringemen and pressure or regulatory action by the government or large stakeholders.
 |}
 == Reference and notes ==
 __INDEX__
 [[Category:Risks]]

>Zongtai S: /* Serviceable addressable market size */

2023-08-21T11:23:52Z

Serviceable addressable market size

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	In terms of market share, Pfizer held 5% of the world's prescription drug market in 2019 [https://www.statista.com/statistics/309425/prescription-drugs-market-shares-by-top-companies-globally/#:~:text=Pfizer%20held%20five%20percent%20of,the%20global%20market%20until%202026.].		In terms of market share, Pfizer held 5% of the world's prescription drug market in 2019 [https://www.statista.com/statistics/309425/prescription-drugs-market-shares-by-top-companies-globally/#:~:text=Pfizer%20held%20five%20percent%20of,the%20global%20market%20until%202026.].
	=== Serviceable addressable market size===		=== Serviceable addressable market size===
	The healthcare industry ~~is worth $808 billion~~ in the United States as of 2021 [https://www.crossrivertherapy.com/healthcare-industry-statistics#:~:text=The%20healthcare%20industry%20is%20worth,revenue%20comes%20from%20patient%20care.].		The landscape of the healthcare industry in the United States, as of 2021, is a tapestry woven with remarkable complexity and colossal economic significance, boasting a staggering valuation of $808 billion [https://www.crossrivertherapy.com/healthcare-industry-statistics#:~:text=The%20healthcare%20industry%20is%20worth,revenue%20comes%20from%20patient%20care.]. Within this expansive realm, a multitude of players, both established and emerging, partake in a symphony of innovation, research, and patient care that resonates across medical disciplines.

	===Serviceable Obtainable Market===		===Serviceable Obtainable Market===

>Zongtai S: /* Products */

2023-08-21T11:21:19Z

Products

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	=== Products ===		=== Products ===
	Pfizer offers a wide range of products and services in the healthcare sector. Its main offerings include prescription medications, vaccines, and consumer healthcare products. It has developed and marketed numerous successful drugs across various therapeutic areas, including cardiovascular diseases, oncology, immunology, neurology, and rare diseases. Some well-known Pfizer products include Viagra, Lipitor, Lyrica, Prevnar, and Xeljanz. It also has a significant presence in the field of vaccines, with notable contributions like the COVID-19 vaccine developed in collaboration with BioNTech. Additionally, Pfizer offers over-the-counter healthcare products for consumers, such as pain relievers, vitamins, and personal care items.		Pfizer offers a wide range of products and services in the healthcare sector. Its main offerings include prescription medications, vaccines, and consumer healthcare products. It has developed and marketed numerous successful drugs across various therapeutic areas, including cardiovascular diseases, oncology, immunology, neurology, and rare diseases. Some well-known Pfizer products include Viagra, Lipitor, Lyrica, Prevnar, and Xeljanz. It also has a significant presence in the field of vaccines, with notable contributions like the COVID-19 vaccine developed in collaboration with BioNTech. Additionally, Pfizer offers over-the-counter healthcare products for consumers, such as pain relievers, vitamins, and personal care items.



	==== Offering Categories ====		==== Offering Categories ====
	The main offerings of Pfizer can be categorised into three primary areas: prescription medications, vaccines, and consumer healthcare products. Here's an overview of each category:		The main offerings of Pfizer can be categorised into three primary areas: prescription medications, vaccines, and consumer healthcare products. Here's an overview of each category:
	=====1. Prescription Medications=====		=====1. Prescription Medications=====
	Pfizer ~~develops and markets a broad range~~ of prescription drugs ~~across various~~ therapeutic ~~areas~~. ~~Some notable~~ offerings ~~include~~:		Pfizer's prowess in pharmacology is epitomized by its comprehensive lineup of prescription drugs that span a myriad of therapeutic domains. Among its distinguished offerings are:

	* Lipitor (atorvastatin): A ~~medication used~~ to ~~lower~~ cholesterol levels.		* Lipitor (atorvastatin): A potent agent employed to regulate cholesterol levels.
	* Viagra (sildenafil): A ~~medication~~ for ~~the treatment of~~ erectile dysfunction.		* Viagra (sildenafil): A trailblazing solution for addressing erectile dysfunction.
	* Lyrica (pregabalin): A ~~drug prescribed for~~ neuropathic pain, fibromyalgia, and ~~certain types of~~ seizures.		* Lyrica (pregabalin): A prescription champion against neuropathic pain, fibromyalgia, and specific seizures.
	* Celebrex (celecoxib): A nonsteroidal anti-inflammatory drug (NSAID) ~~used for~~ pain ~~relief~~ and inflammation ~~reduction~~.		* Celebrex (celecoxib): A notable nonsteroidal anti-inflammatory drug (NSAID) efficacious in pain alleviation and inflammation management.
	* Xeljanz (tofacitinib): A ~~medication~~ for ~~the treatment of~~ rheumatoid arthritis and ~~other~~ autoimmune ~~conditions~~.		* Xeljanz (tofacitinib): A pharmacological gem revered for mitigating rheumatoid arthritis and diverse autoimmune disorders.

	=====2. Vaccines=====		=====2. Vaccines=====
	Pfizer ~~has a significant presence in~~ the ~~development and production~~ of vaccines. ~~Notable~~ vaccine ~~offerings include~~:		Pfizer's luminous legacy extends to the realm of vaccines, where it holds an instrumental role in safeguarding public health. Noteworthy among its vaccine innovations are:

	* COVID-19 Vaccine (~~developed~~ in ~~collaboration~~ with BioNTech): A ~~highly effective vaccine to prevent~~ COVID-19.		* COVID-19 Vaccine (in partnership with BioNTech): A groundbreaking defense against the global pandemic, forged through collaborative genius, aimed at thwarting the perils of COVID-19.
	* Prevnar 13 (pneumococcal 13-valent conjugate vaccine): A ~~vaccine to protect~~ against pneumococcal ~~diseases~~, ~~including~~ pneumonia.		* Prevnar 13 (pneumococcal 13-valent conjugate vaccine): A beacon of protection against pneumococcal ailments, encompassing life-saving prevention against pneumonia and its ilk.

	=====3. Consumer Healthcare Products=====		=====3. Consumer Healthcare Products=====
	Pfizer ~~also offers a range~~ of over-the-counter ~~healthcare~~ products for ~~consumers~~. ~~These include~~:		In the sphere of consumer well-being, Pfizer unfurls an array of accessible over-the-counter products, nurturing health on an individual level. A selection of these offerings includes:

			* Advil (ibuprofen): A trusty companion for pain alleviation and fever mitigation.
			* Centrum: A constellation of multivitamin and mineral supplements, meticulously tailored to nourish and fortify.
			* Caltrate: A herald of bone health, championing wellness through meticulously formulated calcium supplements.
			* ChapStick: A beloved lip care classic, tenderly shielding and nurturing lips.

	* Advil (ibuprofen): An over-the-counter pain reliever and fever reducer.
	* Centrum: A line of multivitamin and mineral supplements.
	* Caltrate: A brand of calcium supplements for bone health.
	* ChapStick: A popular lip balm product.

	~~It's important to note that~~ Pfizer's product ~~portfolio may~~ vary based on geographic regions and ~~evolving~~ market ~~demands~~.		The fulcrum of Pfizer's product realm orbits around these key categories, catering to the diverse needs of individuals and the global healthcare landscape. Notably, the products mentioned might vary based on geographic regions and dynamic market trends.

	==== Main Products ====		==== Main Products (Key Revenue-Generating Products) ====
	The main products of the company in terms of revenues are Comirnaty, Paxlovid, Elliquis, Prevnar family, Ibrance, Vyndagel family, Xeljanz, Xtandi, and Inlyta.		Pfizer's flagship products stand as vanguards of medical innovation, diligently sculpted to make indelible marks on health and well-being. The main products of the company in terms of revenues are Comirnaty, Paxlovid, Elliquis, Prevnar family, Ibrance, Vyndagel family, Xeljanz, Xtandi, and Inlyta.

	'''Comirnaty''' ~~is an m~~-~~RNA~~ based ~~coronavirus vaccine, aiming to prevent~~ COVID-19~~. It is~~ developed in ~~collaboration~~ with BioNTech. ~~Pfizer and BioNtech equally~~ share the ~~costs of development~~.		'''Comirnaty:''' An mRNA-based COVID-19 vaccine developed in partnership with BioNTech, designed to champion the fight against the pandemic. Both companies share the developmental endeavor's financial burden.

	'''Paxlovid''' ~~is a~~ prescription ~~treatment for~~ moderate COVID-19 in ~~adults who are at~~ high risk of progression to severe ~~COVID-19, including hospitalization or death~~.		'''Paxlovid:''' A prescription beacon of hope, specifically tailored to combat moderate COVID-19 manifestations in high-risk adults, strategically poised to curtail progression to severe stages.

	'''Elliquis''' ~~is a~~ Novel Oral Anticoagulant ~~which was developed to present an alternative option to warfarin. It was developed~~ in collaboration with Bristol Myers Squibb.		'''Elliquis:''' A groundbreaking Novel Oral Anticoagulant birthed in collaboration with Bristol Myers Squibb, engineered to provide an alternative to the traditional warfarin treatment.

	'''Prevnar''' ~~is a~~ pneumococcal ~~vaccine used for~~ the protection of ~~infants, young children and adults~~ against the ~~disease~~ of Streptococcus pneumoniae ~~(pneumococcus)~~.		'''Prevnar:''' A lineage of pneumococcal vaccines championing the protection of individuals across generations against the perils of Streptococcus pneumoniae infections.

	'''Ibrance''' ~~is a prescription medicine used~~ to ~~treat~~ HR+, HER2- breast cancer ~~that has spread~~ to ~~other parts of~~ the body.		'''Ibrance:''' A pharmaceutical masterpiece, poised to address the relentless progression of HR+, HER2- breast cancer as it metastasizes to distant domains within the body.

	'''Vyndaqel''' ~~family is a product which treats a~~ rare ~~disease called~~ transthyretin amyloidosis.		'''Vyndaqel:''' A remarkable entity set to battle the rare affliction known as transthyretin amyloidosis, ushering in hope and healing for those ensnared by this ailment.

	'''Xtandi''' ~~is an~~ androgen receptor inhibitor ~~that blocks certain steps in~~ the androgen receptor pathway within tumor cells~~. It is developed in~~ collaboration with Astellas.		'''Xtandi:''' A trailblazing androgen receptor inhibitor, carefully devised to impede the androgen receptor pathway's aberrant steps within tumor cells, an achievement borne from collaboration with Astellas.

	'''Inlyta''' ~~is a medicine used~~ to ~~reduce~~ the blood supply to a ~~tumor and slow down the growth of~~ cancer.		'''Inlyta:''' A strategic intervention meticulously designed to stunt tumor growth by attenuating the blood supply, forging a potent weapon against cancer's insidious advance.

	The revenue contribution as of December 2022 can be seen in the table below:		The revenue contribution as of December 2022 can be seen in the table below:

>Zongtai S: /* Mission / / How did the idea of the company come about? */

2023-08-19T11:38:17Z

Mission: How did the idea of the company come about?

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	=== How did the idea of the company come about? ===		=== How did the idea of the company come about? ===
	~~Pfizer is~~ a ~~pharmaceutical company that was founded in 1849 by~~ Charles Pfizer and Charles Erhart. The ~~idea for~~ the ~~company came about when~~ Charles Pfizer, a chemist, and his cousin, Charles Erhart, a confectioner, ~~recognized~~ the ~~potential~~ of manufacturing and marketing ~~chemicals~~ for medical ~~purposes~~. ~~They started~~ by ~~producing~~ and ~~selling~~ santonin, an antiparasitic medication, and ~~quickly expanded their operations~~ to ~~include other~~ pharmaceutical ~~products~~.		The inception of the company's concept can be traced back to a pivotal moment when two visionary minds, Charles Pfizer and Charles Erhart, converged their expertise. In 1849, they established Pfizer, a pharmaceutical colossus with an enduring legacy.

			The seeds of this transformative venture germinated from the synthesis of two diverse backgrounds: Charles Pfizer, a chemist of remarkable acumen, and his cousin Charles Erhart, an adept confectioner. It was in their shared recognition of an uncharted opportunity that the idea for the company began to crystallize.

			Harnessing Pfizer's profound understanding of chemistry and Erhart's knack for culinary craftsmanship, they perceived a horizon where the fusion of these disciplines could engender chemicals of profound medical import. This prescient insight led to the pioneering notion of manufacturing and marketing compounds for medical applications.

			The inaugural strides were marked by the production and distribution of santonin, a potent antiparasitic medication. This initial foray swiftly unfurled into a tapestry of diversified pharmaceutical offerings. Their operations rapidly extended beyond santonin, encompassing an array of innovative pharmaceutical products that began to reshape the healthcare landscape.

			In this convergence of scientific expertise and entrepreneurial spirit, Pfizer sprang forth. The pioneering journey embarked upon by Charles Pfizer and Charles Erhart reverberates as a testament to the serendipitous union of distinct talents, birthing a pharmaceutical titan that would leave an indelible mark on the annals of medicine and human well-being.

	===Mission===		===Mission===
	~~The~~ mission ~~of Pfizer~~ is to ~~discover~~, ~~develop~~, and ~~provide innovative~~ medicines and vaccines ~~that improve~~ the health and well-being ~~of people around the world~~. Pfizer ~~aims~~ to be a ~~leader in~~ the biopharmaceutical ~~industry by advancing~~ scientific ~~knowledge~~, ~~investing~~ in research and development, and ~~delivering high-quality~~ healthcare solutions.		Pfizer's unwavering mission is to pioneer the discovery, development, and delivery of pioneering medicines and vaccines, catalyzing a profound positive impact on the global populace's health and well-being. Fueled by an unrelenting commitment, Pfizer aspires to ascend as a beacon of leadership within the biopharmaceutical domain, steering progress through the expansion of scientific horizons, substantial investments in research and development, and the provision of superlative healthcare solutions.

			Pfizer's mission is an intricate tapestry interwoven with several pivotal threads:

	Pfizer's mission ~~encompasses several key elements~~:		# '''Discovery and Development:''' At the heart of Pfizer's journey lies an indomitable dedication to unraveling scientific mysteries and fashioning transformative medicines and vaccines. Through substantial investments in cutting-edge research, the company drives forward the boundaries of scientific understanding, embracing the challenge of illuminating new pathways toward potential treatments for diverse diseases and conditions.
			# '''Innovation:''' Pfizer's aspirations encompass a relentless pursuit of innovation that redefines the healthcare landscape. With a resolute focus on novel therapies, advanced technologies, and ingenious solutions, the company seeks to bridge gaps in medical care, ushering in a new era of improved health outcomes and enhanced patient well-being.
			# '''Global Impact:''' Pfizer's mission extends beyond geographical confines, echoing across continents in a resonant call for global well-being. Embracing a mantle of responsibility, the company endeavors to channel its scientific prowess to ameliorate the health and lives of individuals worldwide. This noble pursuit involves ensuring equitable access to medicines and vaccines, particularly among underserved populations, and forging collaborative partnerships with healthcare stakeholders to address pressing global healthcare challenges.
			# '''Patient-Centered Approach:''' At the very core of Pfizer's mission lies a profound dedication to placing patients at the vanguard of its endeavors. With an empathetic compass, the company keenly observes patient needs, crafts treatments that resonate, and orchestrates interventions that elevate patient outcomes and quality of life to new echelons.

	~~# '''Discovery and Development:'''~~ Pfizer is committed to ~~scientific discovery and~~ the ~~development~~ of ~~new medicines and vaccines. It invests in research to uncover breakthroughs, advance scientific knowledge, and explore potential treatment options for various diseases and conditions.~~		By steadfastly adhering to these guiding tenets, Pfizer embarks on a transformative odyssey, committed to the realization of its mission: to unearth, nurture, and disseminate innovative medicines and vaccines that reverberate across the annals of healthcare, scripting stories of progress and elevating the tapestry of human existence.
	~~# '''Innovation~~:~~''' Pfizer strives for innovation in its approach to healthcare. It seeks~~ to ~~develop new and improved therapies~~, ~~technologies~~, and ~~solutions that address unmet medical needs and contribute to better health outcomes for patients.~~
	~~# '''Global Impact:''' Pfizer's mission extends to a global scale. It aims to make a positive impact on the health and well-being of people worldwide. This involves providing access to their~~ medicines and vaccines~~, particularly in underserved populations, and collaborating with healthcare partners and organizations to address healthcare challenges globally.~~
	~~# '''Patient-Centred Approach:''' Pfizer is dedicated to putting patients at~~ the ~~centre~~ of ~~everything it do. They aim to understand patient needs, provide effective treatments~~, and ~~improve patient outcomes and quality~~ of ~~life~~.

	By embracing these principles, Pfizer seeks to fulfil its mission of discovering, developing, and delivering innovative medicines and vaccines that contribute to the advancement of healthcare and the improvement of people's lives.
	=== Products ===		=== Products ===
	Pfizer offers a wide range of products and services in the healthcare sector. Its main offerings include prescription medications, vaccines, and consumer healthcare products. It has developed and marketed numerous successful drugs across various therapeutic areas, including cardiovascular diseases, oncology, immunology, neurology, and rare diseases. Some well-known Pfizer products include Viagra, Lipitor, Lyrica, Prevnar, and Xeljanz. It also has a significant presence in the field of vaccines, with notable contributions like the COVID-19 vaccine developed in collaboration with BioNTech. Additionally, Pfizer offers over-the-counter healthcare products for consumers, such as pain relievers, vitamins, and personal care items.		Pfizer offers a wide range of products and services in the healthcare sector. Its main offerings include prescription medications, vaccines, and consumer healthcare products. It has developed and marketed numerous successful drugs across various therapeutic areas, including cardiovascular diseases, oncology, immunology, neurology, and rare diseases. Some well-known Pfizer products include Viagra, Lipitor, Lyrica, Prevnar, and Xeljanz. It also has a significant presence in the field of vaccines, with notable contributions like the COVID-19 vaccine developed in collaboration with BioNTech. Additionally, Pfizer offers over-the-counter healthcare products for consumers, such as pain relievers, vitamins, and personal care items.

>Zongtai S: Overview improvement

2023-08-19T11:35:23Z

Overview improvement

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	}}		}}

	Pfizer Inc., a ~~leading~~ biopharmaceutical ~~company~~, ~~has a wide-reaching~~ operational ~~network spread~~ across more than 150 countries. ~~The company's facilities include both~~ manufacturing plants and research and development (R&D) ~~centres~~. This ~~expansive~~ infrastructure ~~enables~~ Pfizer to ~~conduct~~ scientific ~~research and ensure efficient~~ production of its product portfolio.		Pfizer Inc., a pioneering biopharmaceutical powerhouse, boasts an extensive operational footprint that spans across more than 150 countries globally. This intricate network encompasses an array of cutting-edge manufacturing plants and innovative research and development (R&D) centers. This sprawling infrastructure empowers Pfizer to not only engage in groundbreaking scientific exploration but also to orchestrate the seamless production of its diverse product portfolio.

	~~Supply~~ chain management ~~plays~~ a ~~crucial role~~ in ~~Pfizer~~'s operations. ~~It manages~~ the distribution of a ~~diverse range~~ of ~~products—from innovative medicines~~ and vaccines to consumer health and animal ~~products—to~~ healthcare professionals and patients ~~worldwide~~. ~~The company utilizes advanced~~ technologies and ~~strategies to maintain~~ the ~~efficiency~~ of ~~its~~ supply chain.		Central to Pfizer's operational prowess is its masterful supply chain management, a linchpin in the company's global operations. Facilitating the distribution of a wide spectrum of offerings—ranging from groundbreaking medical breakthroughs and revolutionary vaccines to products catering to consumer health and animal well-being—this intricate supply chain network connects healthcare professionals and patients on a global scale. Leveraging state-of-the-art technologies and strategic acumen, Pfizer navigates the intricate web of supply chain intricacies with unparalleled efficiency.

	~~With a strong emphasis on~~ quality control, ~~Pfizer adheres~~ to ~~international standards such as~~ Good Manufacturing Practices (GMP). ~~Every stage~~ of ~~the company~~'s ~~operations~~, from ~~initial~~ R&D to ~~final~~ product ~~delivery~~, is ~~subject~~ to ~~rigorous~~ scrutiny ~~to meet~~ these standards. ~~Regular~~ audits and inspections are ~~conducted~~ to ensure ~~ongoing adherence~~ to quality ~~standards~~ and to ~~drive continuous~~ process ~~improvements~~.		Engrained in Pfizer's DNA is an unwavering commitment to quality control, exemplified by its strict adherence to internationally recognized benchmarks like the esteemed Good Manufacturing Practices (GMP). Each facet of Pfizer's operational lifecycle, commencing from the inception of groundbreaking R&D initiatives to the culmination of product dispatch, is subjected to meticulous scrutiny in alignment with these rigorous standards. Routine audits and comprehensive inspections are seamlessly integrated into the operational framework to ensure a steadfast commitment to quality benchmarks and to catalyze an ongoing trajectory of process enhancement.

	=== How did the idea of the company come about? ===		=== How did the idea of the company come about? ===

Manos: /* Sensitivity Analysis */

2023-07-17T07:34:16Z

Sensitivity Analysis

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	== Sensitivity Analysis ==		== Sensitivity Analysis ==
	Sensitivity analysis provides valuable insights into the potential outcomes and risks associated with models which are based on a wide range of assumptions. As such, it is crucial to be implemented for models, such as DDM and DCF.		Sensitivity analysis provides valuable insights into the potential outcomes and risks associated with models which are based on a wide range of assumptions. As such, it is crucial to be implemented for models, such as DDM and DCF.
	[[File:Screenshot 2023-07-11 1.jpg~~\|thumb\|380x380px~~\|Sensitivity table 1]]
			[[File:Screenshot 2023-07-11 1.jpg\|Sensitivity table 1]]

	For the DDM model, stage 1 growth rate and cost of equity were selected for the sensitivity analysis table. As expected, when cost of equity increases, the intrinsic value per share decreases and when growth rate increases, intrinsic value per share increases. Furthermore, the relationship between the two different growth rates was tested.		For the DDM model, stage 1 growth rate and cost of equity were selected for the sensitivity analysis table. As expected, when cost of equity increases, the intrinsic value per share decreases and when growth rate increases, intrinsic value per share increases. Furthermore, the relationship between the two different growth rates was tested.
	[[File:Screenshot 2023-07-11 3.jpg~~\|thumb\|383x383px~~\|Sensitivity table 2]]
			[[File:Screenshot 2023-07-11 3.jpg\|Sensitivity table 2]]

	Under our bull case (stage 1 growth rate = 3.75%), intrinsic value per share rises to $32.83, whereas under our bear case (stage 1 growth rate = 1.25%) intrinsic value per share drops to $29.45. It is observed that changes in stage 2 growth rate affect the outcome much more than changes in stage 1 growth rate. Therefore, value per share using DDM is more sensitive to changes in stage 2 growth rate compared to changes in stage 1 growth rate. That is due to the nature of this model, as stage 1 growth rate is limited to a specific time frame while stage 2 growth rate (or perpetual growth rate of dividend) is typically used to capture the long-term growth of prospects of the company. Since it assumes growth into perpetuity, even small changes can have a significant impact on the stock's value.		Under our bull case (stage 1 growth rate = 3.75%), intrinsic value per share rises to $32.83, whereas under our bear case (stage 1 growth rate = 1.25%) intrinsic value per share drops to $29.45. It is observed that changes in stage 2 growth rate affect the outcome much more than changes in stage 1 growth rate. Therefore, value per share using DDM is more sensitive to changes in stage 2 growth rate compared to changes in stage 1 growth rate. That is due to the nature of this model, as stage 1 growth rate is limited to a specific time frame while stage 2 growth rate (or perpetual growth rate of dividend) is typically used to capture the long-term growth of prospects of the company. Since it assumes growth into perpetuity, even small changes can have a significant impact on the stock's value.
	[[File:Screenshot 2023-07-11 5.jpg~~\|thumb\|380x380px~~\|Sensitivity table-DCF variables]]
			[[File:Screenshot 2023-07-11 5.jpg\|Sensitivity table-DCF variables]]

	For the DCF model, discount rate and terminal growth rate were selected for the sensitivity analysis table and revenue growth was used for the scenario analysis. As expected, discount rate and value per share are negatively related, whereas terminal growth rate and value per share move in the same direction.		For the DCF model, discount rate and terminal growth rate were selected for the sensitivity analysis table and revenue growth was used for the scenario analysis. As expected, discount rate and value per share are negatively related, whereas terminal growth rate and value per share move in the same direction.

	Regarding scenario analysis, three different cases were used in order to come up with the results. Our base case was highlighted above, whereas for our bull and bear cases changes were made in the revenue growth line. Revenue growth line for the downside case was projected to be -30%, -20%, -7%, 10%, 10% for the next 5 years. Revenue growth line for the upside case was projected to be -30%, -15%, 5%, 10%, 10%, implying that a significant number of products that are in the first stages will get approved. Under our upside case, Pfizer's share price would be worth $45.35, while under our downside case, Pfizer's share price would be worth $24.47.		Regarding scenario analysis, three different cases were used in order to come up with the results. Our base case was highlighted above, whereas for our bull and bear cases changes were made in the revenue growth line. Revenue growth line for the downside case was projected to be -30%, -20%, -7%, 10%, 10% for the next 5 years. Revenue growth line for the upside case was projected to be -30%, -15%, 5%, 10%, 10%, implying that a significant number of products that are in the first stages will get approved. Under our upside case, Pfizer's share price would be worth $45.35, while under our downside case, Pfizer's share price would be worth $24.47.

	== Risks ==		== Risks ==

Manos: /* Mission */

2023-07-17T07:30:15Z

Mission

Show changes

Manos at 07:18, 17 July 2023

2023-07-17T07:18:12Z

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	\|}		\|}

			== Reference and notes ==


	__INDEX__		__INDEX__
	[[Category:Risks]]		[[Category:Risks]]

Manos: /* Operations */

2023-07-17T07:17:36Z

Operations