Pfizer covid product sales fall more than expected

Pfizer and other drug and medical device giants play outsized role in Irish economy.

Pfizer has said that it will launch a cost-cutting programme if demand for its covid  products keeps underperforming expectations this autumn, the US drugmaker giant has said, after quarterly sales for the vaccine and pill fell short of analysts' targets.

Pfizer and other drug giants based here play an outsized part in the Irish economy, with medical and pharma exports accounting for around 40% by value of all Irish goods exported, and for a huge number of jobs.