• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

1

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
HealthCoronavirus

Pfizer’s anti-COVID pill — used by Biden — is expected to rake in $23.2 billion, but confusion and weak demand could cause supply glut

By
Chloe Taylor
Chloe Taylor
Down Arrow Button Icon
By
Chloe Taylor
Chloe Taylor
Down Arrow Button Icon
July 25, 2022, 3:48 PM ET
President Joe Biden is being treated with Paxlovid after testing positive for COVID-19.
President Joe Biden is being treated with Paxlovid after testing positive for COVID-19. Chris Sweda—Chicago Tribune/Tribune News Service/Getty Images
Add Fortune on Google for similar content.

President Joe Biden is said to be “doing just fine” after testing positive for COVID-19—an outcome that could be attributed to pharmaceutical intervention.

The 79-year-old has received four doses of COVID vaccines, and was prescribed a course of antiviral treatment Paxlovid after contracting the coronavirus.

Earlier this month, the FDA authorized pharmacists to prescribe Paxlovid to people over the age of 12 who test positive for COVID-19 and are at high risk of developing severe symptoms.

Those considered at high risk include individuals with underlying health conditions, such as diabetes or kidney disease, as well as people over the age of 65.

Treatment with Paxlovid—an oral treatment manufactured by Pfizer—must begin within five days of symptom onset. Patients are given a five-day course of the medication, consisting of three pills taken twice a day.

The FDA had previously granted the drug Emergency Use Authorization in December last year, making it the first anti-COVID pill to be approved for use in the United States.

‘Dominating’ the market

According to projections from health analytics firm Airfinity, Paxlovid is expected to “dominate” the rapidly growing COVID-19 oral antivirals market this year.

In a report published on Monday, the company’s analysts said Paxlovid is forecast to help manufacturer Pfizer earn $23.2 billion this year—meaning the pharmaceutical giant is expected to win a 79% share of the oral COVID treatments market.

Airfinity also noted that Paxlovid was clinically superior to competitor Molnupiravir, the antiviral manufactured by Merck and Ridgeback Biotherapeutics that was also granted emergency use authorization by the FDA in December.

In phase 2/3 clinical trials last year, Paxlovid was shown to reduce the risk of hospitalization or death in high-risk COVID-19 patients by 89%.

Meanwhile, Merck’s phase 3 trial of Molnupiravir last year found that the drug cut the risk of hospitalization or death by 50%.

Slow uptake

Despite Paxlovid’s efficacy in reducing the risks for high-risk patients, Airfinity said on Monday that “it has become clear that uptake of Molnupiravir and Paxlovid has been lower than expected.”

“Slow uptake will reduce the number of repeat purchases as countries are unlikely to run low on stock in 2022,” the organization said.

Dr. Vivek Cherian, a Chicago-based internal medicine physician, told Fortune on Monday that the data around Paxlovid was “quite impressive,” but use of the treatment was not as widespread as it should be.  

“Ironically the medical community was excited for this pill to come to market so it could be available to particularly high-risk individuals, but I have noticed hesitancy in prescribing this medication which primarily comes from a lack of physicians educating themselves on it,” he said.

According to Cherian, part of the confusion comes from a lack of awareness of who is eligible to be prescribed the antiviral treatment, despite the criteria being “quite broad.”

“Simply for being over 65, you automatically qualify, for example,” he explained. “Paxlovid (like other medications) also has some side effects, and drug-drug interactions. However, physicians appropriately educating themselves about these interactions can boost confidence in appropriately prescribing the drug.”

Cherian added: “Bottom line, this is an extremely effective medication in our arsenal for the fight against COVID-19 that has been underutilized to date. Ultimately, empowering physicians with more knowledge regarding Paxlovid so more patients can get this drug will benefit us as a society.”

According to government data, there are currently more than 1.3 million sites across the U.S. where patients are able to access Paxlovid.

Elsewhere, GlobalData said in a report last month that Paxlovid’s approval in more countries would see sales surge and make it the leading COVID-19 therapeutic treatment—but the report’s authors also predicted that Paxlovid sales would fall from 2023 onward thanks to more booster vaccines.

Sign up for the Fortune Features email list so you don’t miss our biggest features, exclusive interviews, and investigations.

About the Author
By Chloe Taylor
LinkedIn iconTwitter icon
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Health

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Health

3 million Americans have dropped Obamacare health coverage over past year, after Republicans let federal subsidies expire
HealthHealth Insurance
3 million Americans have dropped Obamacare health coverage over past year, after Republicans let federal subsidies expire
By Ali Swenson and The Associated PressJune 27, 2026
13 hours ago
g
EuropeGermany
It’s so hot in Germany the Autobahn literally burst open at the seams and had to be closed down
By Kirsten Grieshaber, Sylvia Hui, John Leicester and The Associated PressJune 27, 2026
19 hours ago
Best Beef Organ Supplements (2026): Expert Tested and Reviewed
HealthDietary Supplements
Best Beef Organ Supplements (2026): Expert Tested and Reviewed
By Emily PharesJune 26, 2026
2 days ago
Yes, Europe’s heat waves are deadlier than American gun violence
EnvironmentEurope
Yes, Europe’s heat waves are deadlier than American gun violence
By Catherina GioinoJune 26, 2026
2 days ago
Best Walking Pads of 2026: Walk While You Work
HealthDietary Supplements
Best Walking Pads of 2026: Walk While You Work
By Emily PharesJune 26, 2026
2 days ago
Vital proteins collagen
HealthDietary Supplements
Vital Proteins Collagen Peptides Review (2026): Our Personal Experience
By Christina SnyderJune 26, 2026
2 days ago

Most Popular

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Success
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
By Preston ForeJune 27, 2026
23 hours ago
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
3 days ago
Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
Success
Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
By Orianna Rosa RoyleJune 24, 2026
4 days ago
The 33-year-old executive Satya Nadella is trusting to fix Microsoft’s Copilot AI assistant
AI
The 33-year-old executive Satya Nadella is trusting to fix Microsoft’s Copilot AI assistant
By Sebastian HerreraJune 27, 2026
1 day ago
The end of Putin’s regime will spring from war spending chaos, former central bank advisor says, amid military mutiny threat and fuel-shortage brawls
Europe
The end of Putin’s regime will spring from war spending chaos, former central bank advisor says, amid military mutiny threat and fuel-shortage brawls
By Jason MaJune 27, 2026
15 hours ago
Big Short legend Steve Eisman says everyone is buying the wrong AI stocks
Investing
Big Short legend Steve Eisman says everyone is buying the wrong AI stocks
By Shawn TullyJune 27, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.